We wish to inform you that the Board of Directors of the Company at its Meeting held today has: 1. Approved the Audited Financial Statements of the Company for the year ended March 31, ....
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The Board of Directors approved the audited financial results for FY25. The company reported zero revenue from operations, with total income of ₹21.06 lakhs (vs ₹20.46 lakhs in FY24) coming entirely from other income (mainly interest and investment gains). Total expenses stood at ₹18.48 lakhs, resulting in a profit before tax of ₹2.58 lakhs, but after tax the company posted a net loss of ₹2.73 lakhs (vs ₹3.05 lakhs loss in FY24), translating to a loss per share of ₹0.12. No dividend has been recommended. The statutory auditor N.J. Karia & Associates issued an unmodified (clean) opinion. Cash and bank balances stood at ₹278.82 lakhs, but operating cash flow remained negative at ₹(17.70) lakhs, indicating the company is not generating cash from its core operations.
For shareholders: No dividend payout and continued losses, though slightly narrower than last year. The stock is effectively that of a non-operating/investment entity, so price action is unlikely to be driven by earnings; investors should watch the company's investment and treasury activities rather than core business performance.