Enclosed herewith the Outcome of Board Meeting held on today May 29, 2026 for approval of financial Results and other Matters
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited standalone financial results for FY26 with total revenue of Rs 12,505 lakhs and net profit of Rs 2,793 lakhs, up from Rs 9,512 lakhs revenue and Rs 2,165 lakhs profit in FY25. Consolidated revenue was Rs 1,35,773 lakhs with net profit of Rs 2,501 lakhs, compared to a loss of Rs 674 lakhs in FY25. Additionally, the Board approved issuance of 61.46 lakh convertible warrants to promoter Mr. Aditya Vikram Kanoria at Rs 29.75 per warrant, aggregating Rs 18.28 crore, which will increase his stake from 13.14% to 21.03%. The auditors issued unmodified opinions on both standalone and consolidated results.
Strong profit growth with clean audit opinions indicates healthy financials. The preferential warrant issue to the promoter increases his holding significantly, showing promoter confidence but may be dilutive for other shareholders.