Lactose (India) Limited, a listed company engaged in pharmaceutical and allied businesses, has officially announced its audited financial results for the fourth quarter and the financial year ending March 31, 2025. The Board of Directors met on Friday, May 30, 2025, and approved several key items, including the financial statements and the auditor’s report, in compliance with Regulation 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Audited Financial Highlights for Q4 and FY25

The financial performance highlights for the company are as follows:

• Total Income from Operations for Q4 FY25 stood at ₹2,777.08 lakh, while the annual income reached ₹11,639.93 lakh.

• Net Profit before tax for the year ended March 31, 2025, stood at ₹691.78 lakh, compared to ₹966.40 lakh in FY24.

• Net Profit after tax was reported at ₹516.29 lakh, down from ₹678.90 lakh in the previous financial year.

• Total Comprehensive Income for FY25 stood at ₹59.48 lakh for Q4.

The comparison between the quarters and annual financials shows a marginal dip in profitability, possibly attributable to market conditions, input costs, or operational factors. Nonetheless, the company's financial health remains sound, with consistent revenue generation and positive profit margins.

Unmodified Audit Report by DMKH & Co.

In compliance with Regulation 33(3)(d) of SEBI’s LODR Regulations and the SEBI Circular No. CR/CFD/CMD/56/2016 dated May 27, 2016, the company has disclosed that its statutory auditors, M/s DMKH & Co., Chartered Accountants, have provided an unmodified opinion in their audit report. This indicates that:

• The audit did not detect any material misstatements.

• The financials provide a true and fair view of the company’s performance.

• The report is consistent with applicable Indian Accounting Standards (Ind AS).

This reinforces investor confidence and confirms that Lactose (India) continues to maintain high standards of financial integrity and transparency.

Declaration Filed with BSE

The company submitted a formal declaration confirming that there were no modifications or qualifications in the audit opinion. The Managing Director, Mr. Atul Maheshwari, signed the communication, affirming the auditors' report’s unqualified nature and assuring stakeholders of accurate and fair financial reporting.

Duration of Board Meeting

The Board of Directors meeting commenced at 12:30 PM and concluded at 1:40 PM on 30th May 2025. The brief duration of the meeting, just over an hour, indicates a focused agenda centered around financial approvals and compliance submissions.

Detailed Auditor’s Report Extracts

The Independent Auditor’s Report presented several crucial confirmations, including:

• The statements are prepared in compliance with Ind AS, prescribed under Section 133 of the Companies Act, 2013.

• The audit was conducted in alignment with the Standards on Auditing (SAs) under section 143(10) of the Companies Act.

• The company has maintained adequate internal financial controls and no material deficiencies were found during the audit.

• The auditor verified management's use of the "going concern" basis and found it appropriate given the company's current financial status.

The auditors also highlighted that the Q4 and FY24 figures used for comparison were audited by the predecessor auditor, CA S & Co., and were based on audited numbers previously issued.

Board’s Responsibility and Corporate Governance

The Board of Directors is held responsible for:

• Preparation and fair presentation of financial statements.

• Maintenance of proper accounting records and internal controls.

• Safeguarding company assets and ensuring operational transparency.

• Disclosing any material changes affecting the company’s going concern status.

The report confirms that these responsibilities were met, further highlighting the company's commitment to corporate governance and ethical practices.

Performance Snapshot - Quarterly and Annual Comparison

While there has been a dip in the net profit as compared to the previous year, the stability in total income reflects that Lactose (India) continues to perform steadily despite challenging business conditions.

Significance of an Unmodified Opinion

An unmodified audit opinion is one of the most sought-after outcomes for any listed company as it:

• Assures shareholders that the financial statements are free from material misstatements.

• Enhances stakeholder confidence, particularly for investors and regulatory authorities.

• Contributes positively to the company’s market reputation and compliance profile.

The report and subsequent declarations underscore the company's financial discipline, transparency, and adherence to legal and regulatory norms.

Regulatory Compliance and Future Outlook

This board outcome serves as a routine yet important milestone for the company, aligning with SEBI’s regulatory framework. The company has now fully complied with Regulation 33 of the LODR Regulations, having:

• Published its quarterly and annual financial results,

• Secured an unqualified audit opinion, and

• Filed the necessary declarations with the Bombay Stock Exchange (BSE).

Moving forward, stakeholders can expect continued disclosures in a timely and transparent manner. Given the company's consistent revenue growth and clean audit reports, Lactose (India) is positioned to focus on expansion, innovation, and stakeholder value creation in FY26.

Conclusion

The Board meeting outcome of Lactose (India) Limited on 30th May 2025 signifies yet another year of financial accountability, compliance with SEBI norms, and transparent governance. Despite moderate reductions in net profits compared to FY24, the company’s unmodified audit report and stable operational income indicate a resilient business model. The management’s continued focus on strong financial practices and ethical standards is expected to serve the company well in the years ahead.

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