Outcome of Board Meeting held on Thursday, May 29, 2025
Price
▲ 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 results for Q4 and FY ended March 31, 2025. Revenue from operations collapsed to ₹115.81 lakhs in FY25 from ₹858.01 lakhs in FY24, an 86% drop, because the company has been inactive since selling its confectionery trademarks and IP to Reliance Consumer Products in FY24. The company reported a net loss of ₹201.78 lakhs for FY25 versus a profit of ₹1,739.82 lakhs in FY24, which had benefited from a one-time ₹2,604.56 lakh exceptional gain on that sale. FY25 also had a negative ₹43.14 lakh exceptional charge. Operating cash flow was sharply negative at ₹(489.31) lakhs, and cash and equivalents fell from ₹863.14 lakhs to ₹27.17 lakhs, though net worth stayed positive at ₹1,509.09 lakhs. The statutory auditor issued an unmodified (clean) opinion but drew attention to several emphasis of matters: going concern, inactive operations with no segment reporting, pending water-usage penalties from the Maharashtra government, a labour court gratuity ruling of about ₹62 lakhs being appealed, and unreconciled bank balances. The board also appointed Mrs. Sirisha Vinay Sampat as a Non-Executive Independent Director for five years, amended the Remuneration Policy, and updated authorized KMPs after the Company Secretary's departure.
Shareholders should be cautious: the company has no active business, revenue has nearly vanished, and it is burning cash while relying on its remaining asset base. The clean audit opinion is reassuring on accounting integrity, but the multiple emphasis-of-matter notes around going concern, contingent legal dues, and unreconciled balances flag real risks ahead.