Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Board of Directors approved the audited financial results for the year ended March 31, 2026. The company reported total revenue of Rs.95.47 lakhs, up from Rs.90.93 lakhs in the previous year. However, the company continued to incur losses with PBT of Rs.18.05 lakhs (improved from Rs.30.32 lakhs loss) and PAT of Rs.18.17 lakhs (improved from Rs.29.80 lakhs loss). The balance sheet shows serious concerns with negative total equity of Rs.110.06 lakhs, worsening from Rs.92.35 lakhs previously. Borrowings increased marginally to Rs.369.41 lakhs. The statutory auditors issued an unmodified (clean) opinion on the financial statements. Significant related party transactions include lease/rent income of Rs.92.72 lakhs and director remuneration of Rs.16.50 lakhs.
Despite narrowed losses, the company's negative equity position and accumulated losses raise serious concerns about financial health and going concern viability. Shareholders should note the deteriorating capital structure even as operational losses show some improvement.