Nila Spaces Limited — Board Meeting, 05-05-2025: Outcome of Board Meeting

Nila Spaces Limited has announced a board meeting on May 5, 2025, approving the financial results for the quarter and year ended March 31, 2025. The company posted a consolidated profit before tax of ₹20.47 Cr, up from ₹15.98 Cr YoY. It made a strategic investment in Smarter Dharma Sustainable Solutions Pvt Ltd via compulsorily convertible preference shares, securing a 2.32% stake. Strengthening governance, the board appointed M/s Umesh Ved & Associates as secretarial auditors for five years, along with new internal and cost auditors for FY 2025-26.