Outcome of the meeting of the Board of Directors held on May 10, 2025
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Awaiting price reaction for this filing.
Swadha Nature Ltd (formerly MS Securities Ltd) announced audited results for Q4 and FY ended March 31, 2025, with an unmodified audit opinion. Revenue from operations rose to ₹8.97 lakhs (FY24: ₹4.93 lakhs), but total revenue fell sharply to ₹9.07 lakhs from ₹15.77 lakhs due to lower other income. The company swung to a net loss of ₹2.64 lakhs versus a profit of ₹1.84 lakhs in FY24, and continues to carry negative reserves of ₹(348.01) lakhs. Statutory auditor Mr. Sanket Shah resigned citing health reasons, and M/s. P H Shah & Co has been appointed in his place. The Board also approved shifting the registered office from Bihar to Gujarat via postal ballot and appointed Mrs. Manjula Poddar as Secretarial Auditor for FY25.
Mixed to negative for shareholders — the company remains in loss with deeply negative reserves, signaling weak financial health, while the mid-year auditor change and proposed shift to Gujarat may indicate strategic restructuring but also warrants close scrutiny.