Moxsh Overseas Educon Limited — Others, 28-05-2025: Appointment
Moxsh Overseas Educon Limited has announced a board meeting outcome approving the financial results for the quarter and half-year, with auditors giving clean reports. Trade receivables overdue by 2-3 years total Rs. 358.66 lakhs, which management expects to recover fully. The company appointed new secretarial auditors for FY 2024-25 and onward, and re-appointed its internal auditor for FY 2025-26. Business expansion via physical centres is paused due to regulatory challenges, with related advances recorded as long-term assets. Standalone profit before tax was marginal at Rs. 6.39 lakhs on income of Rs. 989.68 lakhs, while consolidated results showed a loss before tax of Rs. 46.09 lakhs on income of Rs. 983.47 lakhs. Cash flow remains tight amid ongoing investments.
