Outcome of Board Meeting held on 30th May 2025
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▲ 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 audited financial results for Q4 and FY ended 31 March 2025, with the statutory auditor issuing an un-modified opinion. Total revenue for FY25 rose sharply to Rs 61.03 lakhs (from Rs 25.58 lakhs in FY24), driving profit after tax to Rs 36.84 lakhs (vs Rs 10.17 lakhs) and EPS to Rs 3.35 (vs Rs 0.92). Borrowings dropped sharply to Rs 24.03 lakhs (from Rs 83.23 lakhs), strengthening the balance sheet. The board also reappointed Ms. Neha Kulkarni as Internal Auditor for FY26 and appointed M/s. Pooja Gandhi & Co. as Secretarial Auditor for a five-year term (FY26 to FY30), subject to shareholder approval. The auditor flagged an emphasis-of-matter regarding unrecovered trade payables/receivables from the company's discontinued business (since FY19) and unconfirmed outstanding loans and advances.
Sharply higher revenue and profits with debt reduction signal improved financial health, but the auditor's emphasis on legacy receivables and unconfirmed loans is a watchpoint. The appointments are largely routine governance housekeeping and unlikely to move the stock materially.