Kridhan Infra Limited — Board Meeting, 30-05-2025: Outcome of Board Meeting

Kridhan Infra has announced a board meeting on the financial results for the quarter and half-year. The company posted a consolidated profit of Rs. 5.23 Cr for the quarter and Rs. 72.32 Cr for the year, mainly boosted by exceptional reversals on past provisions. Despite accumulated losses and a wiped-out net worth, management is optimistic about the turnaround, citing a completed one-time debt settlement, cost controls, and fresh equity via preferential allotments. Its Singapore subsidiary is under liquidation but with no significant impact expected.