Outcome of Board Meeting held on 13th June.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved audited financial results for the half-year and full year ended March 31, 2025. These are the company's first-ever results after listing on the BSE SME platform on May 29, 2025. Statutory auditor J.S. Bhatia & Co. issued an unmodified (clean) opinion, though it included an Emphasis of Matter note flagging that prior-year comparatives were drawn from restated figures in the IPO prospectus. The company also appointed M/s Sawala & Co. as its new internal auditor for FY26. For FY25, revenue from operations came in at ₹22,026 lakhs (down from ₹26,038 lakhs in FY24, a ~15% decline), while profit after tax rose to ₹3,408 lakhs from ₹2,502 lakhs (~36% growth), driven by lower purchase costs and tighter expense control.
Mixed picture for shareholders: while bottom-line growth of over 35% is strong, the top-line decline and a sharp drop in reserves & surplus (from ₹30,556 lakhs to ₹7,780 lakhs) suggest possible pre-IPO distributions or capital restructuring. The clean audit with an unmodified opinion is a positive governance signal, but the emphasis-of-matter note and revenue contraction warrant a closer look before drawing conclusions on long-term growth.