Outcome of Board Meeting held on 28-07-2025
Price
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The board approved the unaudited financial results for Q1 FY26 (quarter ended 30 June 2025) and recommended a 75% dividend on equity shares for FY25. Total income for the quarter stood at ₹34.34 lakhs, down from ₹43.62 lakhs in the same quarter last year, while profit after tax fell to ₹12.78 lakhs from ₹22.29 lakhs. The board approved the reappointment of Mrs. Chitra Sivaramakrishnan as Whole-Time Director for 3 years, continuation of Mr. K.V. Aiyappan (aged 75+) as Non-Executive Chairman, and reappointment of Mrs. Muthulakshmi Ganesh as Non-Executive Director. M/s. Porselvam and Associates were appointed as new Secretarial Auditors for a 5-year term, and the 32nd AGM was scheduled for 4 September 2025 via video conferencing.
The sharp decline in both revenue (~21%) and profit (~43%) on a year-on-year basis is a negative signal for shareholders, though the strong 75% dividend recommendation and clean (unqualified) auditor's opinion provide some comfort. The continuation of the existing promoter-family management and related-party director relationships remain notable.