This is to inform you that the Board of Directors of the Company at their meeting held today on Monday, May 26, 2025 at its Registered Office, inter alia, has transacted the following businesses: ? ....
Awaiting price reaction for this filing.
The Board approved audited financial results for the half-year and full year ended March 31, 2025. Revenue from operations for FY25 stood at Rs. 7.52 lakhs (nil in FY24), while the company reported a net loss of Rs. 10.96 lakhs, wider than the Rs. 7.62 lakhs loss in FY24. Total expenses fell sharply to Rs. 18.48 lakhs from Rs. 80.08 lakhs, mainly due to lower other expenses. The statutory auditor, M/s Srivastava S. & Co., issued an unmodified (clean) opinion on the results. The Board also re-appointed V. Agnihotri & Associates as Secretarial Auditors for five years (FY26–FY30, subject to shareholder approval) and appointed Ms. Radhika Jhunjhunwala as Internal Auditor for FY26. Cash flow from operating activities turned positive at Rs. 4.17 lakhs, compared to an outflow of Rs. 12.92 lakhs in the previous year.
Losses have widened marginally year-on-year but operating cash flow improved and the auditor's report is clean, reducing near-term governance concerns. The auditor appointments are routine and will require shareholder approval at the upcoming AGM.