Blue Chip India Limited has informed the Exchange regarding Board meeting held on August 14, 2025.
BLUECHIP · price
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Awaiting price reaction for this filing.
Blue Chip India Limited's Board met on August 14, 2025 and approved the unaudited standalone financial results for the quarter ended June 30, 2025 (Q1 FY26), which were also subject to limited review by statutory auditors. The Board appointed M/s. Dash & Associates as Internal Auditor for FY 2025-26 and Ms. Ankita Goenka & Associates as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30). It also approved the AGM notice, Director's Report, and Secretarial Audit Report for FY ended March 31, 2025. The Q1 FY26 results show a net loss of approximately Rs. 10.41 lakhs (EPS of Rs. -0.46), compared to a much larger loss of about Rs. 252.14 lakhs in Q1 FY25, indicating a significant improvement. However, the full-year FY25 audited figures show a substantial loss of around Rs. 1,175.47 lakhs. The auditors flagged a concern that unquoted share inventories were valued at cost rather than the lower of cost or fair value.
For shareholders: The company continues to report losses but Q1 FY26 shows a sharp narrowing of losses versus the year-ago quarter, which is a mildly positive signal. The auditor's qualification on inventory valuation is a watch-out as it could understate losses if unquoted shares have declined in value. Stock price reaction may be muted given the small scale of operations and persistent annual losses.