Submission of Audited Financial Results for the year ended 31st March 2025.
Awaiting price reaction for this filing.
The board approved standalone audited financial results for FY25 along with the auditor's report, balance sheet, and cash flow statement. The statutory auditor M/s Anant Rao & Mallik issued an unmodified (clean) opinion on the results. The company reported a net loss of Rs. 61.87 lakh for FY25, nearly 4x wider than the Rs. 16 lakh loss in FY24. Other equity turned more negative at Rs. (96.76 lakh) versus Rs. (34.73 lakh) last year, while long-term borrowings surged sharply to Rs. 2.14 crore from Rs. 24.67 lakh. Cash from operations remained negative at Rs. (10.27 lakh). Additionally, a new Internal Auditor (Mr. V. R. Sridharan) and Secretarial Auditor (Lakshmmi Subramanian & Associates, for a 5-year term) were appointed.
Negative — widening losses, eroding shareholder equity into negative territory, rising debt, and continued cash burn from operations are red flags for shareholders. The clean audit opinion provides no comfort on profitability or going concern concerns.