In reference to captioned subject, we hereby inform you that the Board of Directors of the Company, in their Board Meeting held on today, i.e. on August 14, 2025, which was commenced at ....
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Awaiting price reaction for this filing.
The board, meeting on August 14, 2025, approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025) along with the Limited Review Report. Revenue from operations jumped to Rs. 206.08 lakhs from Rs. 132.93 lakhs in the same quarter last year, a rise of roughly 55%. The company swung to a small profit after tax of Rs. 3.92 lakhs versus a loss of Rs. 18.21 lakhs in Q1 FY25, though total expenses of Rs. 208.37 lakhs still exceeded total income. The board also cleared the 34th AGM for September 26, 2025 (via video conference) and appointed NSDL for e-voting and a scrutinizer. The company remains under Corporate Insolvency Resolution Process (CIRP) since the NCLT order of October 11, 2023, with a Resolution Plan pending before the NCLAT. The auditor flagged accumulated losses of Rs. 1,338.64 lakhs and a negative net worth as a material going-concern uncertainty.
Shareholders face a deeply distressed company in CIRP with negative net worth and unresolved insolvency proceedings — any recovery depends on the pending NCLAT outcome and approval of a resolution plan. The modest revenue rebound and return to a small profit this quarter are positive signals, but the going-concern warning and qualified audit opinion mean the stock remains high-risk.