1. Approval of Audited Financial Result for the Quarter and FInancial Year ended 31st March2026; 2. Appointment of Mr. Manish B. Jain (DIN:06416422) as an additional director - Non-executive ....
Awaiting price reaction for this filing.
Infra Industries Ltd's Board approved audited financial results for Q4 and FY ended March 31, 2026 with an unmodified (clean) audit opinion from Karnavat & Co. The company also relocated its corporate office to Andheri East, Mumbai. Two new non-executive directors were appointed: Mr. Manish B. Jain (a Chartered Accountant with corporate finance and real estate experience) and Mr. Avesh Dhellawat (an MBA with 23 years in sales and marketing). Both appointments are subject to shareholder approval at the ensuing AGM. The company noted ongoing challenges from raw material and fuel price increases due to supply disruptions, and that its shares continue to be suspended from trading.
The clean audit opinion is positive for investor confidence. The addition of two non-executive directors with finance and business development backgrounds could strengthen governance and strategic oversight. However, the stock suspension and supply chain challenges remain concerns for shareholders.