Please find enclosed the Outcome of Board Meeting held today Wednesday, July 23, 2025.
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The board approved unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations came in at ₹44.07 lakh versus ₹41.93 lakh in Q1 FY25, a modest ~5% year-on-year growth. However, total expenses surged about 19% to ₹44.36 lakh, leaving profit before tax at just ₹0.07 lakh compared to ₹4.71 lakh in the same quarter last year. Profit after tax was a near-zero ₹0.02 lakh versus ₹13.22 lakh (last year's figure was boosted by a deferred tax credit). The company operates only in agri-commodity trading. Additionally, the board approved a Leave and License agreement with promoter Mrs. Rekha Bhimjyani for its Nariman Point office at ₹7,500/month for 11 months — disclosed as a related party transaction executed at arm's length. The statutory auditor issued an unmodified limited review report.
Weak operating quarter — expenses grew far faster than revenue, pushing the company to the brink of a loss and squeezing margins sharply. The promoter office-license deal is small and administrative, but it is a related-party transaction worth noting. Investors should watch whether margin pressure persists in coming quarters.