Ashoka Refineries Ltd — Board Meeting, 27-05-2025: Board Meeting

Ashoka Refineries Limited has announced a board meeting approving the financial results for the quarter and year ended March 31, 2025, with an unmodified audit opinion confirming the accuracy of the statements. The company reported a net loss of ₹16.68 lakh for the year, impacted by modest revenue of ₹14,821 lakh and expense control resulting in a small profit the previous year. Total assets stood at ₹275.70 lakh, with equity of ₹258.23 lakh. Cash flow from operations improved significantly to ₹25.72 lakh from a negative ₹153.26 lakh last year, supported by strong working capital management. A new secretarial auditor, M/s G Soni and Associates, has been appointed for FY 2025-26 to enhance compliance and corporate governance. This demonstrates focus on operational stability and stronger governance for shareholders.