We wish to inform you that the Board of Directors of the Company at its meeting held today at 3.30 p.m. and concluded at 3.55 p.m., inter alia considered and approved the following: 1. ....
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Bluechip Tex Industries' Board met on 6th August 2025 and approved unaudited results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations fell to ₹5,728.78 lakhs, down about 16% from ₹6,812.26 lakhs in the same quarter last year. The company posted a loss before tax of ₹75.09 lakhs, wider than the ₹36.41 lakh loss a year ago, and a loss after tax of ₹60.87 lakhs versus ₹1.88 per share loss in Q1 FY25. The Board also fixed the 40th AGM for 23 September 2025 (to be held via video conferencing), approved the re-appointment of Mr. Shahin N. Khemani as Managing Director, and cleared the reclassification of a promoter group (with zero shareholding) from 'Promoter' to 'Public' category.
Continued quarterly losses and a notable YoY revenue drop point to weak operating performance, which is negative for shareholder sentiment. However, the promoter-to-public reclassification with nil shareholding has no material impact on ownership, and the MD re-appointment signals continuity in management.