Outcome of Board meeting held on 30.05.2025
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Board of Wagend Infra Venture approved the audited standalone financial results for the financial year ended March 31, 2025. Statutory auditors M/s Singhvi & Sancheti issued an unmodified (clean) opinion on the results. Total revenue for FY25 fell sharply to ₹42.98 lakh from ₹170.80 lakh in FY24, driven by revenue from operations dropping to just ₹5.80 lakh (vs ₹116.28 lakh last year). Despite the revenue slump, the company reported a small net profit of ₹2.29 lakh for FY25 against a loss of ₹0.56 lakh in FY24, though Q4 FY25 saw a loss of ₹11.29 lakh. The company raised ₹55 lakh in fresh long-term borrowings, while operating cash flow turned negative at ₹(85.38) lakh. Key audit matters flagged unsecured loans of ₹963.71 lakh (largely unconfirmed balances) and disputed income tax demands of about ₹92.5 lakh.
A clean audit opinion is positive, but the steep revenue decline, negative operating cash flow, large unconfirmed loan receivables, and pending tax disputes raise concerns about the company's business activity and asset quality. Shareholders should note the very thin profit base and shrinking revenue base.