The meeting of the Board of Directors of the Company is scheduled on 29/05/2025, inter alia, to consider and approve Audited Financial Results for Quarter and Year ended 31st March, 2025.
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The Board of Directors of Vaarad Ventures Ltd met on 29 May 2025 and approved the audited consolidated and standalone financial results for the quarter and year ended 31 March 2025. The auditor, J D Jhaveri & Associates, issued an unmodified (clean) opinion on both the standalone and consolidated financial statements, and confirmed that internal financial controls over reporting were adequate and operating effectively. The company explicitly stated there are no adverse comments in the audit report. Notably, the standalone audit opinion references 'the loss and total comprehensive income,' indicating the company reported a loss for the year. The company also disclosed pending tax disputes of around Rs 49.34 lakhs (Sales Tax) and Rs 51.44 lakhs (Income Tax), both relating to FY 2009-10, which are under appeal. No fraud or borrowings default was reported.
While the auditor's opinion is clean, the standalone results point to a loss for FY25, which is a negative signal for shareholders. Investors should review the detailed financial numbers for revenue, expenses, and margin trends before drawing conclusions on the stock's outlook.