Outcome of Board meeting

Revenue declinedNet loss reportedNegative operating cash flowDebt to equity above the thresholdGoing-concern doubtResults View source PDF Explain this filing

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

+2.0%Reaction day

₹326.70

prior close

₹333.20

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used+0.4%+1.6% vs market

Power Generation peers, median of 27sector-0.3%+2.3% vs sector

On the reaction day the stock moved 1.6 pts more than Nifty Microcap 250 and 2.3 pts more than its Power Generation peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

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Next day

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UpDownMarket · Nifty Microcap 250Sector · Power Generation peers, median of 27Pending

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AI summary

The Board approved audited financial results for the half year and full year ended March 31, 2025, with an unmodified (clean) audit opinion from R.T. Jain & Co LLP. Revenue from operations fell sharply to Rs 1,023.57 lakhs in FY25 from Rs 2,854.52 lakhs in FY24, a drop of about 64%. The company reported a net loss of Rs 565 lakhs (vs Rs 750 lakhs loss in FY24), with EPS of Rs (5.25). Shareholder funds turned negative at Rs (190.96) lakhs as reserves stood at Rs (1,267.77) lakhs, and operating cash flow remained negative at Rs (174.31) lakhs. The Board also reappointed Mr. Kirit Chimanlal Doshi as Chairman and Managing Director for three years effective May 14, 2025, subject to shareholder approval.

Likely market impact

Sharp revenue decline, continued losses, negative net worth, and negative operating cash flows point to significant financial stress, even though auditors issued a clean opinion. Short-term borrowings of Rs 1,765.87 lakhs against negative equity remain a key risk for shareholders.