Richa Info Systems Limited — Important, 03-07-2025: Updates

Richa Infosystems Limited has announced a board meeting on April 30, 2025, approving the audited financial results for the quarter and half-year. The company expanded its business scope to include IT infrastructure, web designing, software development, and IT security services. The board approved conversion of deposits from dealers/distributors into equity shares, subject to approvals. Equity share capital rose sharply due to preferential issues and warrant conversions, boosting reserves significantly. The financials reflect a profit before tax of ₹673.47 lakh and net profit of ₹480.89 lakh for the half-year. Debt-equity ratio remains low at 0.15, indicating a strong balance sheet. No deviations were reported in the use of preferential issue proceeds.