Nitco Limited — Board Meeting, 02-05-2025: Outcome of Board Meeting

NITCO reported a tough FY25 with a consolidated net loss of Rs. 736 Cr, including a one-time exceptional hit of Rs. 473 Cr from debt restructuring. The company restructured Rs. 2,875 Cr debt with Authum, converting Rs. 715 Cr into equity. Promoters and new investors pumped in Rs. 498 Cr through preferential equity and warrants to ease debt and support operations. Revenues held steady at Rs. 3,118 Cr, but losses persist as NITCO advances real estate projects and strategic asset buys for future growth. New internal and secretarial auditors were appointed for FY26 onwards.