Diensten Tech Limited — Board Meeting, 12-05-2025: Outcome of Board Meeting

Diensten Tech has announced a board meeting on May 12, 2025, approving audited FY25 results showing a net loss of ₹21.21 Cr on revenues of ₹65.81 Cr. The company completed acquiring Ushta Te Consultancy Services LLP and plans to raise up to ₹50 Cr through a rights issue, setting up a committee to oversee it. IPO proceeds of ₹22.08 Cr are mostly utilized, with ₹10.71 Cr parked in fixed deposits. Despite losses, Diensten Tech is focused on business expansion and strengthening working capital.