Banka BioLoo Limited — Board Meeting, 28-05-2025: Outcome of Board Meeting

Banka BioLoo approved its audited consolidated financial results, reporting annual revenue of Rs 54.50 Cr and a loss before tax of Rs 9.12 Cr, weighed down by a one-time provision due to its subsidiary’s insolvency proceedings. The board appointed M/s. P. S. Rao & Associates as Secretarial Auditors for five years and M/s. SMAB & Associates as Internal Auditors for FY26. Key policies on related party transactions and materiality were refreshed. The audit report was clean, reflecting no qualifications.