Company to hold the AGM on 30-09-2025
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Awaiting price reaction for this filing.
The board approved holding the 90th Annual General Meeting on September 30, 2025. Alongside, Q1 FY26 results (quarter ended June 30, 2025) were filed, showing zero revenue from operations and nil other income, against total expenses of ₹5.35 lakhs, resulting in a net loss of ₹5.35 lakhs for the quarter. For context, FY25 closed with a full-year loss of ₹15.03 lakhs and negative other equity of ₹178.11 lakhs, indicating the company is not generating any operational income. Independent Director V.M. Satyan will cease to be a director from September 24, 2025 after completing his second and final term. Company Secretary Shreekant Kudtarkar resigned and was replaced by Gaurav Sakpal effective August 12, 2025. The auditor issued an unqualified review report with no qualifications or emphasis of matter.
The company continues to post quarterly losses with no operating revenue and significantly eroded net worth (negative reserves of ₹178.11 lakhs), which raises concerns about long-term business sustainability despite the clean auditor's review. For shareholders, the AGM will be the next key event, but the lack of revenue generation and persistent losses remain a fundamental worry.