we would like to inform you that the Board of Directors of the Company in its Meeting held on 29th May, 2025, have inter-alia, transacted the following businesses: 1. The Audited Financial ....
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The board, meeting on 29 May 2025, approved audited financial results for Q4 and FY25 (year ended 31 March 2025). Total revenue for the year stood at Rs 5,488.12 lakhs, but the company reported a net loss of Rs 77.09 lakhs (EPS of Rs -1.26), deeper than the Rs 29.60 lakh loss in FY24. The jump in revenue mainly reflects the acquisition of the business of related party National Soap Mills in July 2024, funded through Rs 1,280.84 lakhs of 8% non-convertible debentures. The statutory auditor (Rakshit Khosla & Associates) issued an unmodified opinion. The board also appointed M/s. Rajeev Bhambri & Associates as secretarial auditors for 5 years (FY26–FY30), pending shareholder approval. Notably, the company continues to carry negative other equity of Rs 2,196.35 lakhs and reported negative operating cash flow of Rs 3,006.56 lakhs for the year.
Short-term positive that the audit is clean and revenue has scaled up via the National Soap Mills acquisition, but shareholders should note widening losses, accumulated losses exceeding share capital (negative net worth), and heavy reliance on debt funding, which together raise concerns about long-term financial sustainability.