Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved standalone audited financial results for Q4 and FY ended 31st March 2025, along with appointing a new Secretarial Auditor (Jitendra Parmar & Associates) for FY24-25 and a new Internal Auditor (B B Gusani & Associates) for FY25-26. The company reported a net loss of ₹14.21 lakhs in FY25, sharply wider than the ₹3.37 lakh loss in FY24, on total income of just ₹0.21 lakhs. Total expenses stood at ₹14.42 lakhs and the company's net worth is in the red at negative ₹14.31 lakhs, against a small positive of negative ₹0.10 lakhs a year ago. The statutory auditor (D G M S & Co.) issued an unmodified (clean) opinion, and operating cash flow was negative at ₹9.29 lakhs, funded partly by ₹6.94 lakhs from financing activities.
Shareholders should note the widening losses, negative net worth, and near-zero revenue raise serious concerns about the company's viability, though the auditor's unmodified opinion provides some reassurance. The stock remains a high-risk, thinly-traded micro-cap with no clear path to profitability disclosed in this filing.