Outcome of Board Meeting held on 30.05.2025.
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Awaiting price reaction for this filing.
The Board of Directors of Steel Strips Infrastructures Ltd met on 30 May 2025 in Chandigarh (4:00 PM to 5:30 PM) and approved the Standalone and Consolidated Audited Financial Results for the quarter and year ended 31 March 2025. On a standalone basis, the company's net loss narrowed to ₹86.43 lakh in FY25 from ₹132.80 lakh in FY24, while total income rose to ₹262.75 lakh from ₹217.96 lakh year-on-year. On a consolidated basis (which includes associate Malwa Camtex Udyog Ltd), the FY25 net loss also reduced sharply to ₹1,684.63 lakh from ₹2,553.22 lakh in FY24, with total income at ₹2,686.12 lakh. The statutory auditors (S.C. Dewan & Co.) issued an unmodified (clean) opinion on both the standalone and consolidated results. The Board also appointed M/s S.K. Sikka & Associates as Secretarial Auditor for a first term of 5 years (1 April 2025 to 31 March 2030) and M/s Gupta Abhinav & Associates as Internal Auditors for FY 2025-26.
The narrowing of standalone and consolidated losses year-on-year is a mildly positive signal, though the company remains in the red, so the impact on shareholder sentiment and stock price is likely limited. The auditor appointments are routine compliance items and are unlikely to move the stock on their own.