UpdatesCompany Update
Everlon Financials Limited's annual report reveals a shift in financial performance.
Everlon Financials Ltd514358 · Filed with the exchange
For the recent fiscal year, total income was ₹15.56 Cr, with profit after tax at ₹1.19 Cr, down from ₹8.00 Cr previously.
The company's current ratio significantly improved to 5.98, boosted by revaluation gains on non-current investments.
A key development was acquiring 1.5 lakh shares of Salzer Electronics Limited, valued at ₹14.52 Cr, to settle an outstanding loan.
The upcoming annual general meeting will address re-appointing key directors, including the Managing Director without remuneration, and the secretarial auditor.
The company continues its non-deposit taking NBFC operations.
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