The outcome of board meeting held on 13th February 2026, inter-alia, to consider and approve the un-audited standalone and consolidated financial results for the quarter and nine months ....
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The board approved unaudited standalone and consolidated financial results for the quarter and nine months ended 31 December 2025. Standalone revenue from operations for Q3 FY26 fell sharply to Rs 905.36 lakhs from Rs 1,587.12 lakhs in Q3 FY25, a roughly 43% drop. However, for the nine-month period, standalone revenue grew about 27% to Rs 4,146.82 lakhs (vs Rs 3,254.84 lakhs), and net profit after tax rose to Rs 285.76 lakhs (vs Rs 211.63 lakhs), a ~35% jump. Consolidated 9M net profit stood at Rs 204.77 lakhs. The statutory auditor B. Thiagarajan & Co. issued a qualified review report because Rs 5.87 lakhs of company cash was seized by an investigating agency in an unrelated matter and no provision was made. The board also re-appointed M/s. GNST & Associates as Internal Auditor for FY 2025-26.
Mixed signals for shareholders — strong nine-month revenue and profit growth is offset by a steep Q3 revenue dip and a qualified auditor's report flagging an unexplained seized cash balance. Investors should watch for clarity on the seized funds and the corporate guarantee given for the subsidiary's SBI term loan, which adds contingent liability exposure.