Ind Agiv Commerce Ltd — Dividend/Bonus, 17-07-2025: Corp. Action
17-07-2025 | 06:53 pm
17-07-2025 | 06:53 pm
IND AGIV COMMERCE reported a reduced standalone net loss of Rs 1.84 Cr for FY24-25, down from Rs 3.12 Cr last year, despite lower revenue. Consolidated net loss also improved to Rs 1.90 Cr from Rs 3.16 Cr. The company is strategically shifting to larger turnkey projects, having invested Rs 7.50 Cr in pre-sales for a two-year order pipeline. Shareholders will vote on ratifying a Rs 8.70 Cr preferential equity allotment and increasing borrowing and inter-corporate lending limits to Rs 100 Cr each, crucial for funding operations. Auditors flagged going concern uncertainty, unconfirmed balances, and significant regulatory non-compliances, including a past trading suspension.
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