Asit C Mehta Financial Services Ltd — Board Meeting, 23-05-2025: Board Meeting

Asit C. Mehta Financial Services Ltd. has announced a board meeting approving the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025, with unmodified auditor opinions. The standalone results show a total income of ₹173.02 lakh for the quarter and a loss after tax of ₹103.68 lakh. The consolidated results include its subsidiaries and indicate a loss after tax for the year. The company raised capital through a rights issue in January 2024, which is being utilized as per plans. Dividend income, finance costs, and rental income from related parties are notable. Loans and advances to subsidiaries and associates bear interest rates up to 11%, with repayments on demand. The group maintains adequate internal financial controls and remains a going concern.