Outcome of Board meeting held on May 30, 2025 to approve the audited financial results for quarter and year ended May 30, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Tulive Developers Ltd's board, at its meeting on May 30, 2025, approved the audited standalone financial results for Q4 and FY ended March 31, 2025. Revenue from operations stood at zero for both FY25 and FY24, with total income falling to Rs 18.32 lakhs from Rs 47.28 lakhs in the previous year — a sharp drop of about 61%. Total expenses rose to Rs 142.77 lakhs, pushing the net loss to Rs 127.34 lakhs, wider than the Rs 93.39 lakhs loss in FY24. Loss per share widened to Rs (0.59) from Rs (0.43). The company remains debt-free with reserves of Rs 4,471 lakhs and cash balance of Rs 308 lakhs. The auditor, Dagliya & Co, issued an unmodified (clean) opinion on the financials.
The company continues to report losses with no operational revenue, which is a concern for shareholders, but the clean audit opinion, debt-free status, and healthy reserves suggest no immediate solvency risk. The stock price reaction may be muted given the thin operations, though the persistent losses highlight the lack of a clear business revival plan.