Revised Outcome of the Board Meeting pertaining to clarification on Typographical Error in the Notes related to Financial Results submission for the quarter and year ended March 31, 2025
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Awaiting price reaction for this filing.
The company has submitted a revised board meeting outcome to fix a typographical error in the notes to its audited standalone and consolidated financial results for Q4 and FY ended March 31, 2025. Note 1 incorrectly stated that the Audit Committee and Board meeting was held on May 09, 2025, when the actual date was May 12, 2025. Apart from this correction, the financial results themselves remain unchanged. Underlying results show consolidated revenue dropped sharply to Rs. 742.33 lakhs in FY25 from Rs. 2,783.50 lakhs in FY24, a fall of around 73%. The company swung to a consolidated net loss of Rs. 67.41 lakhs in FY25 versus a net profit of Rs. 54.73 lakhs a year earlier, and operating cash flow turned negative at Rs. -249.90 lakhs versus Rs. +204.35 lakhs in FY24.
The correction itself does not change any numbers, so there is no direct price impact. However, the unaltered results point to a weaker year, with shrinking revenue, a return to losses, and cash burn from operations — investors should view the underlying FY25 performance as negative.