Energy Development Company Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Energy Development Company Limited has announced a board meeting on 28th May 2025, approving the audited consolidated financial results for the quarter and year ended March 31, 2025. The company posted a net loss of Rs. 87.26 Cr for the year, largely due to exceptional provisions of Rs. 76.15 Cr on investments and receivables. Operations span power generation, contracts, and trading, with seasonal electricity output. Significant tax demands of Rs. 188.17 Cr are under appeal, with Rs. 12.35 Cr deposited. Auditors flagged uncertainties related to recoverability and tax issues, reflecting challenges ahead.