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BSEI-Power Solutions India LtdHighNeutral
Announced Thu, 13 Aug, 2026 · 17:04 IST

Board approves Q1 results, re-appoints MD and 3 Independent Directors, appoints new CFO

Price reaction

Awaiting price reaction for this filing.

AI summary

Board of I-Power Solutions India met on 13 Aug 2026 and approved unaudited Q1 FY27 results. Revenue from operations was nil; total revenue rose to Rs 31.19 lakh versus Rs 12.70 lakh, driven by investment value changes. PAT stood at Rs 24.17 lakh versus Rs 28.38 lakh, EPS at Rs 0.41. Clean limited review report given. Board re-appointed MD Rajendra Naniwadekar for 5 years and 3 Independent Directors for a second 5-year term. Anand Chenji appointed as new CFO.

Likely market impact

No operating revenue and negative reserves remain concerns. Multiple top-level changes underway, subject to shareholder approval at AGM.