Latest News

Karma Energy reports significant FY25 profit surge, appoints new Secretarial Auditor

Source |11:50 27 May 25

results corporate actions

Karma Energy Limited announced the outcome of its Board Meeting held on 27 May 2025, where the Board of Directors approved the Audited Financial Results for the quarter and year ended March 31, 2025, and other key decisions.

Key highlights from the announcement include:

Financial Performance for FY25:
- Total Income stood at ₹1,144.04 lakh for the fiscal year ended March 31, 2025, a decrease from ₹1,330.89 lakh in the previous fiscal year.
- Revenue from Operations for FY25 was ₹870.27 lakh, down from ₹1,235.19 lakh in FY24.
- The company reported a significant increase in Profit After Tax (PAT) to ₹155.96 lakh for FY25, compared to ₹12.41 lakh in FY24.
- Basic Earnings Per Share (EPS) for FY25 improved to ₹1.35, up from ₹0.11 in FY24.
- The profit for the year included an exceptional gain of ₹25.73 lakh, stemming from interest received on debtors that were previously written off, as per an order from the Hon'ble Tamil Nadu Electricity Regulatory Commission.
Appointment of Secretarial Auditor: The Board approved the appointment of M/s. Martinho Ferrao & Associates, Companies Secretaries, as the Secretarial Auditor for five financial years, commencing from FY 2025-26 until FY 2029-30. This appointment is subject to the approval of shareholders at the forthcoming Annual General Meeting.
The Statutory Auditors, M/s. Batliboi & Purohit, have issued an unmodified opinion on the audited financial results.

KARMAENG

Karma Energy Shareholders Approve Related Party Transactions via Postal Ballot

Source |03:24 28 Apr 25

results corporate actions regulatory filings

Karma Energy Limited announced the successful passing of two ordinary resolutions via postal ballot, concluded on 28 Mar 25. Shareholders approved:

Material Related Party Transaction with Tapi Energy Projects Limited.
Material Related Party Transaction with Windia Infrastructure Finance Limited.

Both resolutions received overwhelming support, passing with 99.94% of votes in favor. Key dates for the postal ballot include:

Postal Ballot Notice Date: 13 Feb 25
E-voting Period: 27 Feb 25 to 28 Mar 25
Notice Sent Date: 25 Feb 25
Cut-off Date: 21 Feb 25

The scrutinizer's report confirming the results is dated 28 Mar 25, and the chairman is expected to declare the results by 30 Mar 25.