1. The Board of Directors of the Company approved the audited financial results of the Company for the quarter and year ended 31st March, 2025. A copy of the same along with Auditors ....
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The Board approved audited standalone and consolidated financial results for Q4 and FY25 on 28th May 2025. The company reported zero revenue from operations and earned Rs 430.35 lakhs in other income (up from Rs 366.04 lakhs in FY24), with a net profit of Rs 366.67 lakhs (vs Rs 329.88 lakhs previously). However, the auditor issued a qualified opinion citing serious concerns: SEBI had cancelled the company's stock-broker registration, NSE declared it a defaulter, the Apex Court dismissed its appeal, and there are sizable accumulated losses with negative other equity of Rs -7,550.52 lakhs. The auditor also flagged doubtful recovery of dues from Classic Credit Ltd and Panther Investrade Ltd. Previous year figures have been restated due to a Scheme of Amalgamation of group entities. CS Kavita Raju Joshi was appointed as Secretarial Auditor.
Despite a reported profit, the qualified audit opinion raises serious red flags — the company's stock-broker registration was cancelled, it was declared a defaulter by NSE, and its equity is deeply negative (borrowings of Rs 11,428.59 lakhs vs negative reserves). Operating cash flow remains negative at Rs -408.20 lakhs. Shareholders should treat this as a high-risk situation; the positive profit figure comes entirely from interest/dividend income on deposits, not from operations.