Financials for the half year and year ended 31.03.2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tanvi Foods (India) Ltd's board, meeting held on May 29, 2025, approved audited standalone and consolidated financial results for the half-year and full year ended March 31, 2025. Consolidated total income rose to Rs. 8,549.54 lakhs (vs Rs. 8,225.81 lakhs in FY24), while consolidated profit after tax dipped to Rs. 36.12 lakhs from Rs. 44.94 lakhs. Standalone PAT was broadly flat at Rs. 36.55 lakhs (vs Rs. 37.87 lakhs). The board also approved the 100% divestment of its wholly owned subsidiary Squarepeg Distribution Services Pvt Ltd (SDSPL) for Rs. 26.70 lakhs to promoter Sri Nagaveer Adusumilli and Whole Time Director/CFO Vasavi Adusumilli, classified as a related-party transaction at arm's length. SDSPL had nil turnover in FY25, contributing only Rs. 1.05 lakhs as other income. The auditors issued an unmodified, unqualified opinion, and there was no deviation in utilization of Rs. 35.84 crore raised through prior preferential allotments, with funds fully utilized.
Marginal revenue growth but softer bottom line for FY25, with negligible business impact from divesting a non-operational subsidiary. The sale to promoters/KMPs at Rs. 10 per share is small but may raise governance questions given the related-party nature.