Re-appointment of Directors of the Company
ADSL · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Allied Digital Services held its Board Meeting on May 21, 2026, approving several items. The company reported a standalone net loss of Rs 81 lakhs for FY26 versus a profit of Rs 1,073 lakhs in FY25, with revenue rising to Rs 38,782 lakhs from Rs 36,615 lakhs. Consolidated revenue grew to Rs 96,791 lakhs from Rs 85,167 lakhs, though the company posted a loss. The Board recommended a dividend of Rs 1.50 per share (face value Rs 5). The auditors issued a qualified opinion due to prior non-compliance with Section 186 of the Companies Act 2013 regarding interest-free loans to subsidiaries, though the matter was largely rectified by year-end. The Board re-appointed three directors: Mr. Shakti Kumar Leekha and Mr. Anup Kumar Mahapatra as Independent Directors for second 5-year terms, and Mr. Sunil Bhatt as Executive Director for a 5-year term, all subject to shareholder approval at the AGM.
The standalone net loss and qualified audit opinion may concern investors, though the dividend recommendation and director re-appointments provide continuity. The company's governance remains stable with experienced directors being retained.