Board Meeting Outcome - Standalone Audited Financial Statements for half year and financial year ended March 31, 2025
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TGIF Agribusiness reported its first full-year audited results since incorporation in December 2023. Revenue from operations more than doubled to Rs 334.37 lakhs in FY25 from Rs 153.48 lakhs in FY24 (prior period being a stub of about 3 months). Profit after tax rose sharply to Rs 173.82 lakhs from Rs 67.26 lakhs, with EPS of Rs 6.72 vs Rs 3.54. The auditor issued an unmodified opinion, indicating clean financials with no qualifications or going concern issues. The board also redesignated Mr. Indrajeet Mitra as Chairman, appointed Ms. Zalak Chokshi as Internal Auditor for FY26, and appointed M/s Shalini Pandey & Associates as Secretarial Auditor for five years. The company confirmed no deviation in utilisation of its Rs 6.39 crore IPO proceeds raised in May 2024, though only about Rs 186 lakhs had been deployed so far.
Strong top-line and bottom-line growth on a year-on-year basis reflects early scaling of the agri-business, but the FY24 base was a short stub period so the comparison is not like-for-like. Modest absolute size and limited deployment of IPO funds mean investors should watch for sustained revenue traction and actual capex execution before drawing long-term conclusions.