Change in management
Awaiting price reaction for this filing.
The Board of Directors approved CFO Mr. Rohit Aidasani's resignation effective 25.05.2026, and appointed Mr. Avula Venkata Narayana Reddy as Additional Director (Non-Executive Non-Independent) subject to shareholder approval. The company reported Q4 FY26 profit of ₹6.96 lakhs versus loss of ₹10.93 lakhs in Q3, though full year FY26 shows a loss of ₹17.64 lakhs. Revenue from operations for FY26 was ₹213.26 lakhs. The company completed a merger/restructuring per NCLT order dated 12.06.2025, making current period figures not comparable with prior periods. Statutory auditors issued an unmodified opinion on the financials.
The CFO resignation creates a key management gap that may concern investors about financial oversight continuity. The appointment of an experienced entrepreneur as director could bring fresh business direction. However, the company remains loss-making despite Q4 improvement, and the post-merger restructuring makes historical comparison difficult.