Novateor Research Laboratories Ltd — Updates, 30-05-2025: Company Update

Novateor Research Laboratories Limited has announced a board meeting to approve the financial results for the quarter and half-year ended March 31, 2025. The company reported total revenue of INR 325.31 lakhs with a net profit of INR 11.32 lakhs for the year. Earnings per share stood at INR 0.17. The board approved the conversion of 12,18,000 warrants into equity shares at an issue price of Rs. 28 each, raising Rs. 3.41 Cr and increasing paid-up capital to Rs. 6.05 Cr. The audit report included qualifications mainly on inventory valuation, employee benefits, and segment reporting, but the company noted these are non-quantifiable or due to its business nature. Cash flow from operations was negative at INR 93.69 lakhs, impacted by working capital changes and investments in property, plant, and equipment.