Lokesh Machines Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Lokesh Machines has announced a board meeting approving the audited financial results for the quarter and year ended March 31, 2025. Revenue dipped to ₹228.32 Cr from ₹293.54 Cr last year. Profit before tax shrank sharply to ₹0.89 Cr versus ₹20.55 Cr, hit by US Treasury sanctions restricting foreign currency flows since October 2024. The company responded with cost cuts and strategic moves, showing early signs of new client wins. Paid-up equity rose to ₹19.35 Cr following warrant conversions. Independent director Raman Sekharipuram Seshadri resigned after the quarter.