Otco International Limited, a Bangalore-based company, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025. The company's performance shows a significant decline in profitability compared to the previous quarter and the same period last year.

Financial Highlights

Key Points

Quarterly Performance

Otco International reported a net loss of Rs 21.61 crore for the quarter ended September 30, 2025. This marks a significant decline from the profit of Rs 0.22 crore in the previous quarter and Rs 0.53 crore in the same quarter last year.

Half-Yearly Results

For the half-year period, the company recorded a loss of Rs 21.39 crore, compared to a profit of Rs 2.97 crore in the corresponding period last year.

Revenue

The company's revenue from operations remained stable at Rs 0.57 crore for the quarter, matching the figure from the same quarter last year. However, this represents a decrease from Rs 1.46 crore in the previous quarter.

Expenses

Total expenses for the quarter increased to Rs 2.16 crore, up from Rs 0.55 crore in the previous quarter and Rs 1.41 crore in the same quarter last year.

Balance Sheet

As of September 30, 2025, Otco International's total assets stood at Rs 887.88 lakh, a slight increase from Rs 858.62 lakh as of March 31, 2025. Current liabilities increased to Rs 643.16 lakh from Rs 592.52 lakh over the same period.

Cash Flow

The company reported a negative cash flow from operating activities of Rs 54.06 lakh for the half-year ended September 30, 2025, compared to a positive cash flow of Rs 68.10 lakh for the full year ended March 31, 2025.

The Board of Directors approved these results at their meeting held on November 13, 2025. The statutory auditors, B.N. Misra & Co., have carried out a limited review of the standalone financial results for the quarter ended September 30, 2025.

Otco International Limited is facing challenges in maintaining profitability, as evidenced by the significant loss in the current quarter. The company may need to address the increase in expenses and explore strategies to boost revenue in the coming quarters to improve its financial position.

Otco International Limited, a company listed on the Bombay Stock Exchange (BSE: 523151), has announced the appointment of Mr. Alok Dash as an Additional Non-Executive Independent Director, effective August 13, 2025. This strategic move comes as part of the company's ongoing efforts to strengthen its board composition and corporate governance.

Board Composition Update

Following this appointment, Otco International's Board of Directors now comprises four members:

1. Mr. Arun Dash - Chairman & Independent Director
2. Mrs. Bagyalakshmi Thirumalai - Whole time Director
3. Mr. K R Sailesh - Non-Executive & Non-Independent Director
4. Mr. Alok Dash - Non-Executive Independent Director

Profile of Mr. Alok Dash

Mr. Alok Dash, born on February 2, 1967, brings a wealth of experience to Otco International's board. As a Chartered Accountant, he possesses extensive expertise in various critical areas:

• Financial Accounting
• Administration & Business Development
• Business Management
• Audit
• Finance
• Commercial Operations

Key Points of the Appointment

• Mr. Alok Dash holds no shares in Otco International Limited.
• He currently has no directorships in other companies.
• The company has confirmed that Mr. Dash is not debarred from holding a directorship by any regulatory authority.
• Mr. Dash is not related to any of the existing directors of the company.

Additional Board Decisions

In the same board meeting held on August 13, 2025, Otco International Limited made several other significant decisions:

1. Approval of unaudited standalone financial results for the quarter ended June 30, 2025.
2. Scheduling of the 44th Annual General Meeting for September 22, 2025.
3. Reappointment of Ms. Bagyalakshmi Thirumalai as whole-time director.
4. Acceptance of the resignation of Mr. Shaine Sunny Mundaplakkal as Independent Director.
5. Exploration of possibilities for developing the company's land measuring 4.26 acres at Velanur, Avadi.

Financial Highlights

For the quarter ended June 30, 2025, Otco International reported:

The appointment of Mr. Alok Dash and the other board decisions reflect Otco International's commitment to enhancing its corporate structure and exploring new growth opportunities. Investors and stakeholders will be keenly watching how these changes impact the company's future performance and strategic direction.