Outcome of Board Meeting held on 28-07-2025
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.3 pts more than Nifty Microcap 250 and 5.1 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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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.