Submission of Board Meeting Outcome for Board Meeting held on Thursday, 22nd May 2025.
Awaiting price reaction for this filing.
The Board approved audited standalone financial results for FY25 (year ended March 31, 2025). Revenue from operations fell sharply to Rs. 5.01 crore from Rs. 13.33 crore in FY24, a drop of about 62%. The company reported a net loss of Rs. 1.05 crore, narrowed from Rs. 1.99 crore in the previous year. Other equity turned positive at Rs. 2.17 crore compared to a negative Rs. 1.86 crore earlier, helped by the Rs. 2.48 crore rights issue completed in May 2024. Borrowings were fully repaid, leaving the company debt-free, and operating cash flow turned positive at Rs. 4.31 crore versus a small outflow last year. The Board also appointed M/s A. Arul Anto & Co as Internal Auditor for FY26 and M/s Lakshmmi Subramanian & Associates as Secretarial Auditor for a five-year term (FY26–FY30). Statutory auditor KGS & Associates issued an unmodified opinion.
While revenue shrank sharply, the loss narrowed and the balance sheet strengthened with positive equity, no debt, and improved operating cash flow, which may support gradual recovery. However, the steep revenue decline remains a concern for shareholders, and the stock could stay volatile until top-line growth returns.