Rolex Rings Limited — Board Meeting, 30-05-2025: Outcome of Board Meeting

Rolex Rings has announced a board meeting on approving the financial results for the quarter and year ended March 31, 2025. The company posted total income of ₹1,183.27 Cr and a net profit of ₹174 Cr after exceptionals. It is dealing with a ₹227.86 Cr demand notice from consortium banks linked to a past CDR, having provisioned ₹50.6 Cr and continuing talks. Operational cash flow remains strong, underpinning steady business performance. MJP Associates will be appointed as secretarial auditors for five years, pending shareholder approval. Management is focused on resolving bank issues while keeping the business steady.