Pursuant to Regulation 30 and 33 of the Securities and Exchange Board of India (Listing Obligations & Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), read with Schedule ....
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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 March 31, 2025. The company reported zero revenue from operations and a net loss of Rs. 7.13 lakhs in FY25, worsening from a Rs. 4.47 lakh loss in FY24. Loss per share deepened to Rs. 1.43 from Rs. 0.89, retained earnings slipped further into negative territory at Rs. (9.18) lakhs, and cash & equivalents fell sharply from Rs. 1.00 lakh to Rs. 0.10 lakh. Operating cash flow turned negative at Rs. (0.77) lakh versus a Rs. 0.50 lakh inflow in FY24. Statutory auditor J.D. Zatakia & Co. issued an unmodified opinion. Two new Non-Executive Independent Directors (Mrs. Renuka Gautam and Mr. Vineet Mishra) were appointed for 5-year terms to fill casual vacancies after prior independent directors completed their second and final term on March 31, 2025. M/s. Dholakia & Associates LLP was appointed as the new Secretarial Auditor for a 5-year term. The 40th AGM, originally scheduled for June 26, 2025, has been postponed due to unspecified 'exigencies' with a new date to be announced later.
For shareholders, the filing confirms continued operational distress — the company is loss-making with no operating revenue, dwindling cash, and deepening negative retained earnings, suggesting the business is not generating value. The postponement of the AGM adds near-term uncertainty, while governance is being refreshed through new independent directors and a new secretarial auditor.