Q1 FY27 results, Rs 50 Cr rights issue plan, board changes
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Board approved Q1 FY27 results with revenue of Rs 0.30 million and net profit of Rs 0.09 million, a turnaround from a Rs 0.45 million loss in Q1 FY26. Authorized share capital to be raised from Rs 10 crore to Rs 60 crore. Board proposes rights issue up to Rs 50 crore (5 crore shares at Rs 10 each). Mr. Pranshu Poddar appointed as Additional Independent Director while Mr. Ramanuj Darak resigned. 32nd AGM set for August 25, 2026. Auditor Asha and Associates gave a clean limited review report with no qualifications.
Rights issue of up to Rs 50 crore signals major capital raise and potential dilution. Q1 shows small profit turnaround. Board reshuffled.