The agendas passed that the board meeting held today are stated in pdf signed outcome submitted
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Adeshwar Meditex Ltd held its board meeting on May 21, 2026, approving audited financial results for FY26 ending March 31, 2026. The company reported total income of Rs. 5,620.76 Lakhs, down from Rs. 8,397.17 Lakhs in FY25, representing a significant 33% revenue decline. Net profit stood at Rs. 126.49 Lakhs versus Rs. 206.57 Lakhs in the previous year. Key board changes include the resignation of Mr. Arun Koli as Independent Director and appointment of Ms. Bhagyalaxmi Kavital as Additional Non-Executive Independent Director. The board also discussed raising up to Rs. 40 Crores through equity share issuance and acceptance of director loans via debentures. Cash balances dropped sharply from Rs. 203.86 Lakhs to Rs. 1.49 Lakhs year-on-year.
The significant revenue decline and depleted cash reserves raise concerns about liquidity, though the reduction in short-term borrowings (from Rs. 1,051.53 Lakhs to Rs. 434.67 Lakhs) indicates debt reduction. The director changes and fund-raising plans suggest potential restructuring ahead.