Singer India Ltd — Board Meeting, 22-05-2025: Board Meeting

Singer India Limited has announced a board meeting on which it approved the audited financial results for the quarter and half-year. The company reported total income of Rs. 123.80 Cr for the quarter, a rise from previous periods, with profit before tax at Rs. 5.63 Cr and net profit of Rs. 4.05 Cr, reflecting improved profitability. Segment-wise, sewing machines contributed significantly with a healthy segment profit, while domestic appliances remained in losses but showed narrowing. The Board confirmed an unmodified audit opinion from the statutory auditors. The company continues to address the regulatory issue concerning BIS certification cancellation related to Zig-Zag machines, which may impact imports; management is exploring alternative sourcing to mitigate this risk. Employee stock options granted under ESOP 2023 remain outstanding with partial exercises.