With reference to above, we hereby submit / inform that the Board of Directors ('the Board') at its meeting held on 28th May, 2025, which was commenced at 4.00 P.M. and concluded at 4.30 ....
Awaiting price reaction for this filing.
Shah Foods' board, at its meeting on 28th May 2025, approved audited financial results for Q4 and FY ended 31st March 2025. Revenue from operations jumped sharply to Rs. 378.22 lakhs in FY25 from just Rs. 0.07 lakhs in FY24, indicating a major resumption of business activity. The company swung to a net profit of Rs. 10.80 lakhs in FY25 versus a loss of Rs. 21.91 lakhs in FY24, with EPS at Rs. 1.81 vs Rs. (3.67). Q4 FY25 alone contributed Rs. 229.60 lakhs in revenue and Rs. 17.23 lakhs in profit. However, operating cash flow remained negative at Rs. (18.04) lakhs, and the balance sheet shows total equity in the red at Rs. (56.42) lakhs due to accumulated losses of Rs. 116.17 lakhs, with borrowings of Rs. 126.79 lakhs. The board also appointed M/s Maulik Bhavsar & Associates as Secretarial Auditors for a 5-year term (FY26–FY30) and re-appointed M/s Biren Shah & Co as Internal Auditors for FY 2025-26.
The sharp revenue recovery and return to profitability are positive for shareholders, but the negative net worth, accumulated losses, and negative operating cash flow signal balance-sheet stress that investors should monitor closely. Auditor appointments are routine.