The Board of Directors of the Company in its meeting held today on Friday, 14th November, 2025 has considered and approved the matters which are attached herewith.
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The Board approved unaudited financial results for Q2 and H1 ended 30 September 2025. Revenue from operations grew 32% YoY to ₹4,193.24 lakhs in H1 FY26 (vs ₹3,175.53 lakhs in H1 FY25), but the company slipped into a loss with a Profit After Tax of -₹20.01 lakhs versus a profit of ₹28.66 lakhs a year ago due to weak Q1 results. However, the company returned to a small profit of ₹6.79 lakhs in Q2 FY26 (vs ₹6.79 lakhs loss in Q1 FY26). The balance sheet shows total assets of ₹3,764.72 lakhs but negative other equity of -₹605.33 lakhs, indicating accumulated losses. The Board also appointed Mrs. Bhavana Hamirbhai Jadav as an additional Non-Executive Independent Director and accepted the resignation of Mr. Tarunkumar Bhagwandas Sukhwani citing other professional commitments.
Mixed signals for shareholders: strong top-line growth of 32% YoY is positive, but profitability remains under pressure with H1 turning to a loss and negative reserves on the books. The new ₹38 crore rights issue (record date Nov 7) and the prior promoter stake reduction (from 41.57 lakh to 23.51 lakh shares) suggest ongoing capital restructuring. Net impact is neutral to mildly cautious, with the stock likely to remain range-bound pending clarity on margin recovery.