This filing is part of the company’s quarterly result. Read the full results article, with every figure explained →
Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.5 pts less than Nifty Microcap 250 and 1.2 pts less than its Other Food Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Kore Foods Limited's board approved audited financial results for the quarter and financial year ended March 31, 2025, along with an unmodified (clean) opinion from statutory auditor V.C. Shah & Co. The company executed a revival plan with Team24 Foods and Beverages via a preferential allotment of 1.4 crore equity shares (Rs. 14 crore raised), which turned its net worth positive. A one-time settlement with a director waived an unsecured loan of Rs. 2.82 crore, recorded as an exceptional item in the P&L. Cash and cash equivalents surged to Rs. 12.76 crore from just Rs. 13,041 a year earlier, and share capital rose from Rs. 11.65 crore to Rs. 25.65 crore. The board also recommended to shareholders a change of company name, shifting of registered office, and enhanced borrowing/investment authorizations under Sections 180 and 186 of the Companies Act.
The clean audit and successful revival plan are positive signals, showing the company has stabilized with restored net worth and a strong cash position. However, accumulated losses still stand at Rs. 12.80 crore, the firm posted cash losses of Rs. 20.26 lakh, and shareholders will need to approve structural changes including a possible name change and expanded debt capacity — turnaround execution remains the key watchpoint.
| Q4 FY25 | Q4 FY24 | Change | |
|---|---|---|---|
| Revenue | ₹0.00 Cr | ₹0.00 Cr | unchanged |
| Operating profit | −₹0.17 Cr | −₹0.12 Cr | loss widened |
| Profit after tax | ₹2.80 Cr | −₹0.12 Cr | turned positive |
| EBITDA margin | — | — | — |
From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.