Annual Report 2024-25.
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Sterling Greenwoods Limited filed its 33rd Annual Report for the financial year ended March 31, 2025. Revenue from operations fell sharply to Rs. 117.90 lakhs from Rs. 190.38 lakhs in the previous year, a decline of about 38%. The company reported a net loss of Rs. 88.09 lakhs, narrower than the Rs. 183.60 lakhs loss in FY23-24. PBIDT turned positive at Rs. 19.04 lakhs compared to a negative Rs. 92.18 lakhs last year, helped by lower depreciation. No dividend has been recommended given the continued losses, and the directors confirmed that accounts are prepared on a going-concern basis. The report also notes the appointment of M/s. Nahta Jain & Associates as the new statutory auditor for a five-year term after the tenure of M/s. Keyur Bavishi & Co. ended.
Shareholders face another year of losses and no dividend, though the loss narrowed year-on-year. The ongoing revenue contraction and post-year-end exits of the Managing Director and CFO are worth tracking as governance signals.