Outcome of Board Meeting Dated 28th May, 2025
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The Board of United Credit Ltd met on May 28, 2025 and approved audited financial results for the quarter and year ended March 31, 2025. Statutory auditors M/s. L. B. Jha & Co. issued an unmodified (clean) opinion on the results. No dividend was recommended on equity shares. The Board also appointed Mr. Sumantra Sinha, Practicing Company Secretary, as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval, and approved voluntary delisting of equity shares from the Calcutta Stock Exchange. Key FY25 numbers: Total income stood at ₹374.43 lakhs (down from ₹410.51 lakhs in FY24), profit before tax at ₹130.14 lakhs (vs ₹207.68 lakhs), and EPS at ₹1.90 (vs ₹3.07). Total assets were ₹3,060.59 lakhs and net worth (other equity) rose to ₹2,448.61 lakhs from ₹2,349.29 lakhs. Operating cash flow turned negative at -₹43.86 lakhs compared to a positive ₹53.00 lakhs last year.
Shareholders see no dividend for the year and a sharp ~37% decline in profit before tax along with EPS falling from ₹3.07 to ₹1.90. The negative operating cash flow is a concern, though net worth continues to grow. The CSE delisting is largely housekeeping and unlikely to affect liquidity since BSE remains the primary exchange.