Pursuant to the Regulation 30 of SEBI Listing Regulations, we hereby inform you that the Board of Directors of the Company at its Meeting held on May 14, 2026 have inter alia, considered ....
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Comfort Intech Limited reported audited FY2026 results with standalone revenue declining to Rs. 16,916 Lakhs from Rs. 17,592 Lakhs in FY2025, a ~3.8% decrease. The company attributed the decline to adverse global economic conditions including geopolitical tensions and war-related uncertainties. Standalone PAT dropped sharply to Rs. 179.40 Lakhs versus Rs. 790.19 Lakhs in prior year (down ~77%), while consolidated PAT turned negative at Rs. 17.40 Lakhs (from Rs. 1,132.38 Lakhs). Other income was impacted by fair value changes in equity investments. The Board recommended a final dividend of Rs. 0.05 per share (5%), subject to shareholder approval. Company Secretary Mr. Omkar M. Mistry resigned effective May 14, 2026 for personal reasons. The Board also evaluated entering the defence and paramilitary supply segment via CSD and military canteen networks, pending necessary approvals.
The company experienced a severe profit decline with PAT dropping ~77% on standalone basis and turning negative on consolidated basis, reflecting challenging market conditions. The proposed dividend of 5 paise per share offers minimal returns. Shareholders should monitor the upcoming AGM and any further updates on the management transition and new business expansion plans.