outcome of Board meeting

Auditor changed mid-yearNegative operating cash flowProfit growth above 25%Revenue growth above 20%Results View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+0.1%+0.7% vs market

Non Banking Financial Company (NBFC) peers, median of 194sector+0.0%+0.8% vs sector

On the reaction day the stock moved 0.7 pts more than Nifty Microcap 250 and 0.8 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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UpDownMarket · Nifty Microcap 250Sector · Non Banking Financial Company (NBFC) peers, median of 194Pending

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AI summary

The Board approved audited standalone financial results for Q4 and FY ended March 31, 2025. Total income jumped to Rs. 4,212.32 lakhs (vs Rs. 790.16 lakhs in FY24) and the company swung to a profit after tax of Rs. 2,037.77 lakhs from a loss of Rs. 1,011.49 lakhs in FY24. EPS for FY25 was Rs. 40.51 vs a negative Rs. 3.42 previously. Loans on the balance sheet grew to Rs. 9,505.47 lakhs (from Rs. 3,149.05 lakhs) and total assets more than tripled to Rs. 12,587.30 lakhs, supported by preferential equity raises worth over Rs. 43 crores. Statutory Auditor VR & Associates resigned effective May 30, 2025 (the resignation letter mentions no concerns about the company), and the Board reappointed PVAR & Associates as Internal Auditor and appointed Mr. Uttsav Singh as Secretarial Auditor for 5 years.

Likely market impact

Strong turnaround in profitability and revenue is positive for shareholders, but operating cash flow remained negative at Rs. (3,029.51) lakhs, indicating profits are not yet translating into cash. The statutory auditor's resignation right after completing the FY25 audit is unusual and worth monitoring, though the auditor confirmed no concerns. Shareholders should watch for appointment of a new statutory auditor and continued improvement in cash generation.