Pursuant to Regulation 30 and 33 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015 read with Schedule 1T to the SEBI Regulations, we inform you that board of ....
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Board approved audited standalone and consolidated financial results for the quarter and year ended March 31, 2025. Standalone total income fell to Rs. 1,333.56 lakhs from Rs. 1,677.41 lakhs (down ~20.5%), while net profit rose to Rs. 27.06 lakhs from Rs. 23.38 lakhs. Consolidated net profit dipped slightly to Rs. 26.46 lakhs from Rs. 27.55 lakhs. The auditor issued a Qualified Opinion (8th consecutive year) due to non-provision of gratuity, plus Emphasis of Matter on unreconciled trade balances and Rs. 1,438.12 lakhs of inventorised work-in-progress without supporting contracts. Board also appointed M/s Nitin Bhatia & Associates as Secretarial Auditor (FY26–FY30), D.K. Shrivastava as Internal Auditor (FY26), and reconstituted committees following the demise of director Mr. Rakesh Mohan Sharma.
Shareholders should note the recurring qualified audit opinion and a sharp drop in operating cash flow to negative Rs. 280+ lakhs, with cash reserves falling from Rs. 253.94 lakhs to just Rs. 4.11 lakhs. Revenue decline combined with rising trade payables and unsupported inventory build-up raises concerns about earnings quality, even as bottom-line PAT stayed marginally positive.