Board approves Q1 results, RPTs, machinery sale; reviews 150-acre land
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Board met on Aug 13, 2026 and approved unaudited financial results for Q1 FY27 (quarter ended June 30, 2026) with a clean limited review report from auditor Jain Kothari and Co. Also approved material related party transactions for FY 2026-27, subject to shareholder approval. Proposed selling obsolete machinery at the Malkapur Plant, subject to shareholder nod. Adopted the Directors Report and Secretarial Audit Report for FY 2025-26. Fixed scrutinizer for the 84th AGM via video conferencing. Board also deliberated on developing or monetising about 150 acres of land owned by the company.
Shareholders will vote on RPTs and machinery sale at the 84th AGM. Land monetisation could unlock future value; no financial details disclosed yet.