Outcome of Board Meeting held on Tuesday, 27th May, 2025.
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The Board approved audited financial results for Q4 and FY ended 31st March 2025, with revenue from operations of Rs 5,867.10 lakhs versus Rs 914.39 lakhs in FY24, a roughly 6x jump. The company swung to a net profit of Rs 58.42 lakhs from a loss of Rs 356.99 lakhs in the previous year. Statutory auditor SSRV & Associates issued an unmodified (clean) opinion on the standalone results. The Board also appointed a new internal auditor (Umesh Khese & Co.), a secretarial auditor for FY25, and Mrs. Shubhangi Rajkumar Agarwal as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval. The Board further proposed shifting the registered office from Surat to Ahmedabad and adding 16 new business objects spanning tours and travel, transport, textiles, agri-inputs, and gold and precious metals trading, all subject to member approval at the EGM on 21st June 2025.
The sharp revenue expansion and turnaround from loss to profit suggest a major shift in business scale, but the proposed entry into many unrelated sectors (travel, textiles, agri, bullion) and a steep jump in inventories and trade payables (each over 30x year-on-year) mean shareholders should review the EGM agenda on 21st June closely before approving changes to the company's core objects and registered office.