We wish to inform you that pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended from time ....
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The Board approved audited financial results for Q4 and FY ended March 31, 2025, along with the auditor's report. Total income for FY25 grew to Rs. 330.49 lakhs from Rs. 181.83 lakhs in FY24 (about 82% jump), driven by both the Test, Measurement & Embedded Solutions segment and the Data Quality software segment. Despite higher revenues, the company posted a net loss of Rs. 499.65 lakhs for FY25 (vs Rs. 768.60 lakhs loss in FY24). The company's net worth is fully eroded at negative Rs. 2,378.47 lakhs, current liabilities (Rs. 4,874.05 lakhs) far exceed current assets (Rs. 377.74 lakhs), and it carries overdue statutory dues of over Rs. 1,515 lakhs (GST, PF/ESIC, TDS). The auditor issued a qualified opinion and flagged a material uncertainty on going concern. The Board also noted invocation of pledge on promoter shares by Mrs. Syeda Hashmat Khader.
This is a deeply distressed small-cap situation - shareholders face a stock with negative net worth, qualified audit, material going-concern uncertainty, and pledged promoter shares, although revenue growth is encouraging. Investors should treat this as a high-risk holding with possible delisting or restructuring risk; significant recovery depends on the management finding new working capital and monetizing the Rs. 2,431 lakh intangible asset under development.