Pursuant to the provisions of Listing Regulations, we would like to inform you that the Board of Directors of Suyog Gurbaxani Funicular Ropeways Limited ('the Company'), at its Meeting ....
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The Board approved unaudited financial results for the half year ended September 30, 2025. Revenue from operations rose to Rs 27.19 crore from Rs 22.81 crore in the same period last year, a growth of about 19%. Profit after tax jumped sharply to Rs 5.58 lakh from a near-zero Rs 3,277 in H1 FY25, reflecting improved operating performance. Basic EPS stood at Rs 2.24 versus Rs 0.01 earlier. On the balance sheet, reserves turned positive at Rs 5.98 crore compared to negative Rs 39 lakh earlier, while long-term borrowings nearly doubled to Rs 161.6 crore. Cash and equivalents surged to Rs 74.14 crore. Independent Director Mr. Ramlal Sarote resigned, and the Audit and Nomination & Remuneration Committees were reconstituted with Nandan Kumar Basu as the new Audit Committee Chairman.
Shareholders see a clear turnaround with profits recovering and reserves turning positive, but the sharp rise in long-term debt brings the debt-to-equity ratio above 5x, which is a key risk to monitor. The leadership change at the Audit Committee may also be worth watching for governance implications.