The Board considered and approved financial results for six months and financial year ended March 31, 2025 along with Independent Auditor''s Report.
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Vrundavan Plantation Limited (BSE SME-listed, nursery/plantation company based in Ahmedabad) announced its audited H2 FY25 (Oct-Mar) and full-year FY25 results, approved by the Board on May 29, 2025. Statutory auditor Doshi Doshi & Co issued a clean, unqualified opinion on the numbers. The company swung from a profit in FY24 to a loss in FY25, with the loss appearing significantly deep relative to prior-year profit of roughly ₹169 lakhs (PAT FY24). Operating cash flow was sharply negative in FY25 (operating activities used cash), while financing activities were strongly positive. During FY25, the company raised funds via a preferential issue of 8,56,872 convertible warrants at ₹51 each to promoter and non-promoter categories, receiving only 25% of the consideration upfront with the balance expected within 18 months.
Negative for shareholders — the company moved into a loss-making position with cash burn from operations, though liquidity is being propped up by incoming warrant money. Future equity dilution is likely once warrants are exercised, which existing investors should keep in mind.