Baroda Extrusion Ltd — Board Meeting, 29-05-2025: Board Meeting

Baroda Extrusion has announced a board meeting on the audited financial results for the quarter and half-year ended March 31, 2025. The company reported revenue from operations at ₹45.86 Cr for Q4, up from ₹33.52 Cr a year ago, with a net profit after tax of ₹18.65 Cr for the quarter and ₹19.72 Cr for the year. Exceptional income of ₹18.84 Cr arose from a one-time settlement of loan dues, where liabilities of ₹44.35 Cr were settled for ₹25.51 Cr. The net worth remains negative at ₹-19.70 Cr, but management expects profitability and positive cash flows within 2-3 years based on strategic initiatives and market outlook, supporting a going concern view. The board has appointed M/s Surti & Talati as internal auditor for FY 2025-26. The auditors issued a qualified opinion due to delays in appropriating advances of ₹45.73 lakh and continued recognition of ₹2.93 Cr deferred tax assets despite net worth erosion. Management plans a pending ₹37 Cr preferential share issue to improve net worth and operations.