Outcome of the Board Meeting held on 26th July, 2025
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Awaiting price reaction for this filing.
The board approved standalone unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations fell sharply to Rs 269.40 lakhs from Rs 567.86 lakhs in the corresponding quarter last year. The company reported a loss before tax of Rs 12.77 lakhs versus Rs 12.77 lakhs loss in the year-ago quarter, with a loss per share of Rs 0.29 (vs Rs 0.16). The board approved the appointment of Mukund & Rohit, Chartered Accountants as new statutory auditors for a five-year term starting from the conclusion of the 33rd AGM, subject to shareholder approval. The board also cleared the AGM notice, board report and related documents for the 33rd AGM scheduled for 27 September 2025, with the e-voting cut-off date set as 20 September 2025.
Sharp revenue decline and continued losses signal weak operating performance and may pressure the stock. The change of statutory auditors is notable and shareholders should watch for any governance concerns at the upcoming AGM.