Please find enclosed herewith Outcome of Board Meeting held today i.e. August 13, 2025. Kindly take the note of the same and acknowledge.

Qualified audit opinionEmphasis of matterNet loss reportedResults View source PDF Explain this filing

Price

Loading chart…

▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reactionminutes from the announcement price · days from the prior close

-5.8%Reaction day

₹36.51

prior close

₹36.10

announcement price

After-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-0.8%-5.0% vs market

Fertilizers peers, median of 19sector-0.9%-4.8% vs sector

On the reaction day the stock moved 5.0 pts less than Nifty Microcap 250 and 4.8 pts less than its Fertilizers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-1.5

10m

-0.3

15m

-0.3

30m

-0.6

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-5.8-0.8-5.0-0.9-4.8

Next day

-4.4+0.7-5.1-0.2-4.2

-3.7+1.9-5.6+0.3-4.0

-3.2+1.8-5.0+4.0-7.2

+2.4+2.1+0.2+3.5-1.1

+0.4+1.5-1.1+5.1-4.6

-1.4-0.3-1.1+2.4-3.8

15d

-7.1+1.7-8.8-0.8-6.3

-9.6+2.9-12.5+1.1-10.7

-15.1-0.6-14.5-7.8-7.3

-4.4+1.3-5.7-5.5+1.1

UpDownMarket · Nifty Microcap 250Sector · Fertilizers peers, median of 19Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at Rs. 556.02 lakhs, nearly flat compared to Rs. 555.38 lakhs in Q1 FY25. However, the company reported a loss after tax of Rs. 33.85 lakhs versus a loss of Rs. 5 lakhs in the year-ago quarter. The auditor issued a Qualified Conclusion flagging two key concerns: (1) Rs. 10.35 crore of old overdue trade receivables with no provision made, and (2) the fertiliser segment running below 10% capacity utilisation with significant losses and no impairment study conducted. The 40th AGM is scheduled for September 29, 2025.

Likely market impact

Mixed signals for shareholders — the resort and realty divisions are showing growth and management highlights a new SSP subsidy hike plus a Rs. 15 crore construction loan, but the qualified auditor opinion on fertiliser segment losses and unrecovered receivables is a serious red flag that could weigh on the stock and raise governance concerns.

By the numbersStandalone · Q1 FY26 vs Q1 FY25

	Q1 FY26	Q1 FY25	Change
Revenue	₹5.56 Cr	₹5.55 Cr	+0.1%
Profit after tax	−₹0.34 Cr	−₹0.05 Cr	loss widened

From the company's XBRL filing, not from the text above. Operating profit and EBITDA margin are not shown for banks and lenders, whose other income is their business.