Outcome of Board Meeting held on Thursday, 29th May, 2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Typhoon Holdings' board approved the standalone audited financial results for the quarter and year ended March 31, 2025, along with appointing M/s Dharti Patel & Associates as Secretarial Auditor for FY 2025-26. Total income collapsed sharply to Rs. 21.92 lakhs in FY25 from Rs. 75.60 lakhs in FY24, a decline of roughly 71%, though net profit edged up modestly to Rs. 2.69 lakhs from Rs. 2.22 lakhs. The statutory auditor (SK Bhavsar & Co.) issued an unmodified opinion but included an Emphasis of Matter flagging that trade receivables and trade payables balances could not be fully verified for accuracy or recoverability. The filing also discloses that the company is currently delisted/suspended by BSE for non-payment of fees and non-compliance, with ROC filings pending since FY 2012-13, and that it has appealed to SAT for restoration. Reserves remain negative at Rs. (41.81) lakhs, indicating accumulated losses exceeding equity capital.
This is a very small, distressed shell-like company that is currently delisted and not tradeable, so the announcement has little immediate effect on share price or liquidity. The sharp revenue drop combined with unresolved trade balance uncertainties, negative reserves, and ongoing regulatory compliance issues points to significant operational and governance risks for any existing shareholders.