Outcome of Board Meeting held on Thursday, 30th May, 2024
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Typhoon Holdings Limited's Board, at its meeting on May 30, 2024, approved the standalone un-audited financial results for the quarter ended December 31, 2023, and the standalone audited financial results for the quarter and year ended March 31, 2024. For the nine months ended December 2023, the company reported total revenue of Rs 33.41 lakhs and a net profit of Rs 1.93 lakhs (EPS Rs 0.386). For the full year ended March 2023, revenue was Rs 92.25 lakhs with a net profit of Rs 1.14 lakhs. The auditor (S K Bhavsar & Co.) flagged that trade receivables, payables, loans and advances are subject to confirmation and reconciliation. Critically, the auditor noted that the company is suspended from trading/delisted by BSE due to non-payment of annual fees and other SEBI/Exchange compliances, and that ROC annual filings have been pending since FY 2012-13.
This is a high-risk stock — the company is already suspended/delisted from BSE due to non-payment of fees and multiple compliance failures stretching back over a decade. Shareholders face serious concerns about corporate governance, liquidity, and the reliability of reported financials given pending reconciliations. Retail investors should treat this stock with extreme caution.