Intimation for appointment of Independent Director, subject to approval of members
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The board approved audited financial results for Q4 and FY ended March 31, 2025. FY25 total income fell sharply to Rs. 241.32 lakhs from Rs. 871.61 lakhs in FY24, with the company posting a net loss of Rs. 201.78 lakhs (vs. a profit of Rs. 1,730.80 lakhs last year, which included a Rs. 2,610.50 lakh exceptional gain from selling its confectionery trademarks and IP to Reliance Consumer Products). The company has been operationally inactive since that sale, and net worth stands at Rs. 1,509.09 lakhs. Mrs. Sirisha Vinay Sampat, an Advocate and Solicitor with ~25 years of experience, was appointed as Non-Executive Independent Director for a 5-year term starting May 29, 2025, pending shareholder approval. The board also updated the authorized Key Managerial Personnel list following the cessation of Company Secretary Ms. Maahi Amit Ahuja, and amended the Remuneration Policy in line with SEBI's 2024 amendments. The statutory auditor issued an unmodified opinion.
Shareholders should note the company is effectively a shell post the Reliance Consumer Products deal, reporting losses and zero revenue from operations in Q4 FY25. The Independent Director appointment and audited results with an unmodified opinion are routine governance steps, but the loss after tax and inactive status highlight the absence of any active business.