To Consider and approve the following: 1. Audited Financial Results (Standalone) for the quarter and year ended March 31, 2025, (Financial Results) pursuant to Listing Regulations, we ....
Awaiting price reaction for this filing.
The board approved audited standalone financial results for Q4 and FY25. The company reported zero revenue from operations for the full year (FY25) versus Rs 0.15 lacs in FY24, with total income also at zero for the year. It posted a net loss of Rs 107.93 lacs for FY25, sharply wider than the Rs 6.14 lacs loss in FY24, with quarterly loss of Rs 15.89 lacs. The balance sheet shows negative total equity of Rs (95.89) lacs, down from Rs 12.04 lacs a year ago, and short-term borrowings jumped to Rs 181.39 lacs from Rs 79.34 lacs. Cash flow from operations was negative Rs 102.18 lacs, funded entirely by additional borrowings. Statutory auditor Agarwal Iyer & Associates issued an unmodified opinion. The board also appointed M/s. Vatsal Doshi & Associates as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval.
Despite an unmodified audit opinion, the company shows severe stress — zero operating revenue, deepening losses, negative shareholder equity, and reliance on fresh short-term debt to fund operations. Shareholders should view this as a high-risk, near-dormant company with serious going-concern concerns despite regulatory clean chit.