Outcome of Board meeting dated 12th August, 2025
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The Board approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025), along with the Board's Report for FY25. Total income nearly doubled to Rs. 26.57 lakhs from Rs. 13.42 lakhs in Q1 FY25, while profit after tax jumped to Rs. 16.99 lakhs from Rs. 6.22 lakhs (about 2.7x growth), pushing EPS to Rs. 0.57 from Rs. 0.23. However, the company's net worth remains deeply negative at Rs. (401.28) lakhs and total debt-to-assets ratio is 1.67, indicating balance-sheet stress despite operational profitability. The statutory auditor has expressed a qualified opinion on the results. The Board also appointed Ms. Twinkle Agarwal as Secretarial Auditor for 5 years, recommended re-appointment of Managing Director Chandrasekhar Sony, and fixed the 42nd AGM for 20 September 2025.
Strong headline growth in revenue and profit is positive for sentiment, but the negative net worth, high leverage and qualified auditor opinion are serious red flags that could weigh on the stock and signal structural financial weakness rather than a healthy turnaround.