Sheshadri Industries Ltd — Board Meeting, 23-05-2025: Board Meeting

Sheshadri Industries Limited has announced a board meeting to approve the financial results for the quarter and half-year ending March 31, 2025. The board approved the audited results, including the balance sheet and cash flow statement, and appointed M/s. LANS & CO as internal auditors for FY 2025-26. The company reported total income of ₹3445.86 lakhs and a profit after tax of ₹837.21 lakhs for the year, boosted by an exceptional gain of ₹479.96 lakhs from the sale of land. Despite accumulated losses of ₹1925.09 lakhs and current liabilities exceeding current assets, the board prepares accounts on a going concern basis supported by the market value of immovable assets. The audit included qualifications related to unpaid statutory dues and long-pending payables and advances, with uncertain impact due to insufficient evidence.