Vintage Coffee And Beverages Limited has informed the Exchange regarding Board meeting held on May 07, 2025.
VINCOFE · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Vintage Coffee And Beverages Limited met on May 7, 2025 and approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025, along with the statement of assets & liabilities and cash flow statement. The statutory auditors (S. Bhalotia & Associates) issued an unmodified (clean) opinion on the results. The Board recommended a dividend of Rs. 0.10 per equity share (face value Rs. 10) for FY2024-25, subject to shareholder approval. Key governance changes included the resignation of Independent Director Mr. Bala Vinod Sudam, redesignation of Mr. Sai Teja Tati as Whole-time Director, and reconstitution of the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees. A revised Scheme of Amalgamation involving subsidiaries Vintage Coffee Private Limited and Delecto Foods Private Limited with the company was also approved. On the financial front, consolidated profit after tax surged sharply to Rs. 4,050.04 lakhs in FY25 from Rs. 1,198.28 lakhs in FY24, while standalone PAT rose to Rs. 593.20 lakhs from Rs. 32.78 lakhs.
Shareholders get a small dividend and should note the sharp jump in profitability year-on-year, though operating cash flows remained negative on both standalone and consolidated bases, indicating profits are not yet translating into operating cash generation. The pending amalgamation scheme could reshape the group structure in the coming quarters.