Redemption of 200000 Redeemable Preference Shares.
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Cosmo Ferrites Limited's board approved the redemption of 200,000 Non-Convertible 10% Cumulative Redeemable Preference Shares (face value Rs. 100 each), totalling Rs. 2 Crores, at par along with pro rata dividend on August 1, 2025. The company also announced Q1 FY26 results, posting a revenue of Rs. 27.59 Crores, up from Rs. 22.63 Crores in Q1 FY25, marking a ~22% year-on-year growth. The company swung to a small profit of Rs. 5 lakhs (EPS Rs. 0.04) compared to a loss of Rs. 1.69 Crores (EPS Rs. -1.41) in the same quarter last year. Notably, promoters conditionally waived Rs. 144 lakhs in interest on an unsecured loan during FY25.
The Rs. 2 Crore preference share redemption at par is a small capital structure cleanup with no major equity dilution impact. The return to profitability and ~22% revenue growth signal improving operations, though profit margins remain thin at less than 0.2%, indicating the company is still in recovery mode.