We wish to inform you that the Board of Directors of the Company has at its meeting held on 30.05.2025 at registered office of the Company. The meeting started at 12.30 P.M. and concluded ....
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The Board of Directors met on 30.05.2025 and approved the audited financial results for Q4 and full year ended March 31, 2025. Full-year FY25 revenue from operations stood at Rs. 148.52 lakhs, down sharply from Rs. 512.17 lakhs in FY24, a drop of about 71%. The company reported a net loss of Rs. 94.86 lakhs for FY25, compared to a marginal loss of Rs. 0.24 lakhs in FY24. The Board also appointed Ms. Aakansha Vaid as the new Company Secretary and Compliance Officer. The auditor (G.C. Bafna & Co.) issued an unqualified opinion but flagged an Emphasis of Matter, highlighting Rs. 12.7 crore in advances on which no interest was booked, Rs. 1.24 crore written off as bad debt, and no interest being paid or provided on loans taken from related parties such as Midnight Agencies, Motorex Finance, and Ascent Dealmark.
Shareholders should note the steep revenue collapse and significant swing into loss, alongside auditor concerns about poor loan recovery and weak internal financial controls on interest accounting. The appointment of a new Company Secretary is a routine governance update and does not materially affect the stock.