Outcome of Board Meeting held on August 11, 2025 under regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015
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The Board of Addi Industries approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). The company reported zero revenue from operations, with total income of Rs 137.27 lakh (standalone) and Rs 141.64 lakh (consolidated). Standalone profit after tax stood at Rs 80.33 lakh (vs Rs 79.36 lakh in Q1 FY25), with EPS of Rs 0.74. The Board also appointed M/s JVS & Associates as the Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30), subject to shareholder approval. The auditor's review report flagged a material uncertainty about the company's ability to continue as a going concern, noting that the company is still exploring modalities for a new business venture.
For shareholders, the key concern is the going-concern flag from auditors — the company currently has no operating revenue and is yet to start a new business. However, management cites strong cash balances, positive net worth, and zero borrowings as reasons to continue on a going-concern basis. The secretarial auditor appointment is routine and not material to stock price.