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Jetking Infotrain LtdUpdates, 23-05-2025: Company Update

23-05-2025 | 06:33 pm

Jetking Infotrain has announced a board meeting to approve the financial results for the quarter and half-year. The audited standalone and consolidated results show a net profit of Rs. 3.43 Cr for the year, reversing a prior loss. Revenue from operations rose to Rs. 21.78 Cr, supported by a significant increase in other income primarily from virtual digital assets (VDAs), which the company reclassified as intangible assets with revaluation gains recorded in OCI. Management is confident about recovery of Rs. 36.77 lakh linked to an unauthorized trade dispute in the NSE F&O segment, currently under High Court appeal. The company also reappointed M/s. Divatia & Mehta as internal auditors for FY 2025-26. Additionally, it approved a preferential allotment of 3.96 lakh shares at Rs. 154/share aggregating to Rs. 6.10 Cr, with proceeds planned for education initiatives, VDA acquisition, and corporate purposes.

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