In terms of Regulation 30 of SEBI (LODR) Regulations, 2015, this is to inform that the meeting of the Board of Directors of the Company was held today on 30th May, 2025 considered and approved ....
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Sparc Electrex's board, meeting held on May 30, 2025, approved audited FY25 (year ended March 31, 2025) results with an unmodified (clean) auditor opinion from Motilal & Associates LLP. The company swung to a loss of Rs. 152.04 lakhs versus a profit of Rs. 9.78 lakhs in FY24, while total income fell sharply to Rs. 417.03 lakhs from Rs. 740.32 lakhs (~43.6% decline). Q4 FY25 alone posted a loss of Rs. 164.45 lakhs against a profit of Rs. 6.47 lakhs in Q4 FY24, driven mainly by the manufacturing segment swinging to a loss. Net operating cash flow was negative at Rs. (289.40) lakhs. Separately, the board approved forfeiture of 95,32,775 partly paid-up rights equity shares (issued in April 2023 at Rs. 19 each, with Rs. 2.50 paid up) on which shareholders failed to pay the balance call money despite multiple reminders.
Weak FY25 with a swing to loss and steep revenue decline signals business stress, though the forfeiture of unpaid partly paid-up shares cleans up capital structure and will reduce call money pending (Rs. 1,358.42 lakhs). Negative operating cash flow and losses may weigh on the stock in the short term.