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