Submission of Outcome of Board meeting held on 12th February 2026
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The board of Abate As Industries Ltd met on 12 February 2026 and approved the standalone and consolidated unaudited financial results for the quarter ended 31 December 2025, which were subjected to a limited review by statutory auditors Mahesh C. Solanki & Co. Total revenue for the quarter stood at Rs 41.00 lakhs, down sharply from Rs 176.00 lakhs in the year-ago quarter, with profit for the quarter reported at Rs 27.89 lakhs (vs Rs 125.83 lakhs in Q3 FY25) and EPS of Rs 0.02. The board also appointed Mr. Harikumar V (DIN: 10450411), a retired Lt. Colonel with 35 years of experience across the Army's Corps of EME and corporate manufacturing, as an additional Non-executive Independent Director effective 12 February 2026. Separately, during the quarter the company increased its authorized share capital from Rs 157.60 crores to Rs 200.00 crores. The company also has three subsidiaries and one associate in its consolidated perimeter.
Quarterly revenue and profits have weakened significantly compared to the year-ago period, which may concern short-term investors, though the new independent director brings operational manufacturing experience that could aid strategic direction. The authorized capital increase signals potential fundraising activity ahead, which shareholders should watch for dilution.