Patron Exim Ltd — Board Meeting, 23-05-2025: Board Meeting

Patron Exim Limited has announced a board meeting approving the audited financial results for the half year and year ended March 31, 2025. The company reported revenue of ₹24.36 Cr with a profit after tax of ₹0.32 Cr for the half year and ₹0.71 Cr for the full year. The auditors issued an unmodified opinion but highlighted concerns over significant related party transactions, including ₹16.16 Cr in short-term loans with no interest or repayment for over two years, doubtful advances of ₹9.76 Cr, and unresolved tax dues exceeding ₹7 Cr under dispute. These issues raise risks around asset recoverability and financial disclosures. No internal audit was conducted, exposing potential operational risks. Total equity stands at ₹39.21 Cr, with current liabilities reduced to ₹5.04 Cr.