Outcome for the Board Meeting held on Thursday, May 29, 2025
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The Board of Svaraj Trading & Agencies approved audited financial results for Q4 and FY ended March 31, 2025. Revenue from operations for FY25 stood at Rs. 40.02 lakhs vs Rs. 30.71 lakhs in FY24 (~30% growth), but the company slipped into a net loss of Rs. 14.53 lakhs compared to a net profit of Rs. 5.78 lakhs last year. The statutory auditors issued an unmodified (clean) opinion but flagged an Emphasis of Matter regarding the Roti Master Project – Rs. 4.6 crore plant still under R&D and shown as Capital Work-in-Progress, plus Rs. 2 crore IP rights and Rs. 4.4 crore related inventories. The Board also re-appointed Mr. Harendra Gupta as Managing Director for 3 years (effective Aug 1, 2025) and appointed Mr. Ronak Ranka as Internal Auditor for FY26.
While top-line grew, profitability turned negative for the year, which may concern shareholders. The auditor's emphasis on a stalled R&D project and CWIP of Rs. 9.6 crore, along with a Rs. 5 crore property advance without formal registration, signals execution and asset-utilization risks. Leadership continuity is maintained through the MD re-appointment, but investors should watch for progress on the Roti Master Project.