Shrenik Limited — Board Meeting, 17-04-2025: Outcome of Board Meeting

The board meeting has concluded with significant outcomes. Shrenik Limited approved the audited financial results for the quarter and year ended March 31, 2025. The net sales for the quarter stood at ₹4.75 crore, resulting in a total revenue of ₹4.87 crore, with a net profit of ₹0.08 crore. Additionally, the board decided to withdraw the previously proposed rights issue due to concerns over the No Objection Certificate from its financing bank, which is contingent on the full repayment of loans. These decisions reflect the company’s strategic focus on its financial health.