SUBMISSION OF OUTCOME OF BOARD MEETING HELD ON 29TH MAY, 2025
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The board approved Standalone and Consolidated Audited Financial Results for Q4 and FY ended 31st March 2025, along with the unmodified/unqualified audit report from M/s MKRJ & Co. Total income for FY25 stood at around Rs. 341 lakh versus Rs. 293 lakh in FY24, while profit before tax fell to about Rs. 26 lakh from Rs. 60 lakh the previous year. Borrowings declined to Rs. 3,080 lakh from Rs. 4,022 lakh, but operating cash flow turned sharply negative at approximately Rs. (3,194) lakh. Several board-level changes were approved, including re-designation of Mr. Pranay Kumar Tayal and appointment of Mr. Ajay Kumar Tayal as Whole-Time Director for 3 years, plus four other proposed director appointments subject to RBI/IICA approvals. A new branch office at Bokaro Steel City, Jharkhand was approved, and the board noted a cyber fraud where a fake website 'VANI CASH' was created, with a complaint already filed with the Cyber Crime Cell in New Delhi.
Approval of FY25 results with a clean audit opinion is positive, but declining profitability, weak operating cash flow, and ongoing tax disputes are concerns. Director restructuring and branch expansion signal growth intent, though shareholders should watch for resolution of the pending income tax matter of Rs. 3.74 crore for AY 2019-20.