The Board of Directors of the Company in its meeting held today i.e. Wednesday, May 28th, 2025, inter-alia has approved the following: 1. Pursuant to the provision of clause 33 of Listing ....
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Awaiting price reaction for this filing.
Vision Corporation's board, meeting on May 28, 2025, approved audited financial results for Q4 and FY ended March 31, 2025, alongside appointing SK Dwivedi & Associates as Secretarial Auditors for FY24-25. The company declared an unmodified opinion from statutory auditors Bhasin Hota & Co. Revenue from operations fell sharply to ₹1,216.40 lakhs in FY25 from ₹1,921.92 lakhs in FY24, a drop of roughly 37%. The company swung to a loss of ₹1,454.83 lakhs in FY25 versus a small profit of ₹1.24 lakhs the prior year, driven by massive exceptional items of about ₹1,832 lakhs. These exceptional charges include ₹5.53 crore in vendor-related fraud/write-offs (ORLOV Solution, DIRAOASIS Media), full impairment of investments in POL India Ltd and Bombay SEZ Pvt Ltd, and write-off of a non-recoverable advance of ₹43.58 lakhs. Operating cash flow turned deeply negative at ₹1,644 lakhs, and other equity slipped into negative territory at ₹(1,169) lakhs.
This is a significantly negative filing for shareholders — the company reported a large loss driven by one-time write-offs and fraud-related charges, revenue declined sharply, accumulated losses wiped out other equity, and operating cash flow turned negative, which could weigh on the stock price and raise concerns about the company's financial health.