With reference to the captioned subject and our previous submission dated May 27, 2025 regarding the outcome of the Board Meeting held on Tuesday, May 27, 2025, we wish to inform you that ....
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SVC Industries Ltd resubmitted its audited financial results for Q4 and FY ended March 31, 2025 after the earlier May 27, 2025 filing inadvertently omitted the Statement of Assets and Liabilities and accompanying Notes. Total income for FY25 rose sharply to Rs. 250.70 lakh (vs Rs. 62.55 lakh in FY24), but a large part of this came from a one-time gain of Rs. 118.18 lakh on sale of an office premise. Loss before tax narrowed to Rs. (157.71) lakh from Rs. (219.35) lakh, with EPS at Rs. (0.10). Notes disclose ongoing negotiations with debenture holders, an unsettled One Time Settlement of Rs. 2,299 lakh with PICUP due by June 3, 2025, an income-tax demand of Rs. 39.07 lakh (tax + interest) under appeal, and BSE penalties of Rs. 31.13 lakh booked in Q4. Auditor B.M. Chaturvedi & Co. issued an unmodified opinion.
The company continues to post losses, has negative operating cash flow of Rs. 149.70 lakh, and only Rs. 0.50 lakh of cash on hand against borrowings of over Rs. 175 crore — shareholders should view the headline revenue jump cautiously as it is propped up by a one-time property sale. Pending debt settlements and tax disputes remain key overhangs.