Outcome of the Board Meeting held on August 08, 2025 for Quarter ended June 30, 2025
ABANSENT · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited standalone and consolidated financial results for Q1 FY26. Consolidated total income rose modestly to Rs 1,35,888 lakhs from Rs 1,34,517 lakhs year-on-year, while consolidated profit after tax was nearly flat at Rs 468 lakhs versus Rs 466 lakhs in Q1 FY25. On a standalone basis, PAT improved to Rs 167 lakhs from Rs 123 lakhs (up ~36%), driven by lower expenses. The statutory auditor Class & Co. LLP issued an unmodified (clean) limited review report, replacing the predecessor auditor M/s Paresh Rakesh & Associates LLP. A previously announced scheme to merge wholly owned subsidiary Abans Jewels Limited into the company is still pending NCLT approval and has not been given effect in these results.
Neutral to mildly positive — consolidated profit growth was negligible even as revenue edged up, indicating margin pressure at the group level. Shareholders should note the change in statutory auditor and the pending subsidiary merger, which could materially reshape reported numbers once effective.