Annual Report for the financial year 2024-25
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Typhoon Holdings Ltd filed its Annual Report for FY2024-25. Total revenue from operations rose to Rs. 75.60 lakhs from Rs. 51.86 lakhs in the previous year, a growth of about 46%. Profit after tax (PAT) improved to Rs. 2.69 lakhs from Rs. 2.22 lakhs, while no dividend was declared. The statutory auditor M/s. S K Bhavsar & Co. issued an unqualified (clean) opinion on the financial statements but highlighted several matters of emphasis: pending verification of trade receivables, payables, loans and advances; absence of a GSTN during the year; the company does not maintain a bank account in its own name; and non-compliance with Section 203 due to no whole-time Company Secretary being appointed. The company has no tangible/intangible assets, no inventory, no borrowings, and no subsidiaries.
Revenue is growing strongly but absolute profits remain very small with thin margins, leaving the stock unattractive for income-focused investors. Multiple governance and compliance red flags raised by the auditor — including no bank account in the company's name and missing Company Secretary — suggest weak internal controls and warrant caution for shareholders.