We herewith submit the outcome of the board meeting held today at 03:00 P.M. concluded at 04:00 P.M. via video conferencing to approve the audited financial results along with annexed agendas
Awaiting price reaction for this filing.
The Board of Jyotirgamya Enterprises Ltd approved the audited standalone financial results for the quarter and year ended 31 March 2025, along with the auditor's report from Amit Agarwal & Co., which carries an unmodified (clean) opinion. The company reported zero revenue from operations for the second year in a row, with total income of nil. Net loss for FY25 stood at Rs 1.17 lakhs, slightly narrower than the Rs 1.33 lakhs loss in FY24. Total expenses were minimal at Rs 0.97 lakhs, mainly audit fees, listing fees and other administrative costs. On the balance sheet, total assets rose to Rs 463.39 lakhs (from Rs 384.07 lakhs), driven by a sharp rise in long-term loans and advances to Rs 219.58 lakhs (from Rs 140.13 lakhs) and a jump in other financial liabilities to Rs 119.45 lakhs (from Rs 39.85 lakhs) due to an advance of Rs 79.60 lakhs received against sale of property. Operating cash flow turned strongly positive at Rs 79.45 lakhs versus Rs 1.28 lakhs last year.
For shareholders: the company continues to operate with no business revenue and is reporting small losses, suggesting limited near-term business activity. The clean auditor opinion and positive operating cash flow are positives, but accumulated losses of Rs 217.96 lakhs and a rising gearing ratio (now 48.82%, above the company's own 20-40% policy) signal that operational revival and capital structure remain concerns for the stock.