Pursuant to regulation 30 and 33 of SEBI(Listing and Disclosure Requirement) Regulations, 2015 attached herewith the audited Financial Results for financial year ending 31st March 2025
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Vivid Mercantile Limited (BSE: 542046) submitted its audited standalone financial results for the financial year ended 31 March 2025, approved at the board meeting held on 29 May 2025. The statutory auditor, AKGVG & Associates, issued an unmodified (clean) opinion on the results. For the nine months ended 31 December 2024 (the period covered in the detailed results), revenue from operations rose to ₹1,141.18 lakh from ₹718.06 lakh in the comparable prior period — a roughly 59% year-on-year jump — while profit after tax fell sharply to ₹130.61 lakh from ₹331.53 lakh, dragged down by much lower 'other income' (₹99.21 lakh vs ₹919.51 lakh). The auditor noted in its 'Other Matter' section that miscellaneous expenditure was not disclosed and written off as required by Ind AS, but explicitly stated it did not modify its opinion on this account. The board also re-appointed Neelam Somani & Associates as Secretarial Auditor for FY25. The previous year's auditor, who reviewed the Q1 and Q2 FY25 numbers, has been replaced mid-cycle by AKGVG & Associates.
Clean audit opinion is a positive, but the sharp drop in profit driven by vanishing 'other income' (likely one-off gains) means the headline PAT picture is weaker than the operations revenue growth suggests. The auditor's disclosure on Ind AS non-compliance for miscellaneous expenditure and the change of statutory auditor during the year are points retail investors should watch closely.