OUTCOME OF THE BOARD MEETING IS ATTACHED
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The board approved audited financial results for Q4 and full year ended March 31, 2025, reporting a loss of Rs. 13.67 lakhs for FY25 (narrower than Rs. 16.72 lakhs loss in FY24). Total revenue declined to Rs. 162.20 lakhs from Rs. 180.40 lakhs year-on-year. The auditor issued an unmodified (clean) opinion but included an Emphasis of Matter flagging Rs. 12.70 crores of advances on which no interest was booked, Rs. 1.24 crores in bad debts, and loans taken on which no interest was paid or provided. Cash inflows dropped sharply from Rs. 30.69 lakhs in FY24 to Rs. 5.17 lakhs in FY25. The board also appointed CS Aakansha Vaid as the new Company Secretary and Compliance Officer.
Shareholders face a third straight year of losses with shrinking revenue and weakening cash generation, though the auditor confirmed no going concern risk for the next 12 months. The CS appointment is a routine governance matter and is unlikely to move the stock.