We herewith submit the outcome of board meeting held today, February 12, 2026 along with Unaudited Financial Results along with Limited Review Report.
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Eastern Treads' board, which met on February 12, 2026, approved unaudited standalone financial results for the quarter ended December 31, 2025. Revenue from operations for Q3 FY26 stood at Rs 1,617.74 lakhs, marginally higher than Rs 1,606.25 lakhs in the same quarter last year. The company swung to a small profit of Rs 14.83 lakhs in Q3, compared to a loss of Rs 46.72 lakhs a year ago, though the nine-month figure still shows a comprehensive loss of Rs 59.74 lakhs. The company's other equity is deeply negative at around Rs 1,820 lakhs, indicating eroded net worth, though management has confirmed a going-concern assessment. Separately, the tenure of existing Managing Director M E Mohamed expired on February 14, 2026, and Navas Meeran has been appointed as the new Managing Director for five years, subject to shareholder approval.
The quarterly return to profit is a positive signal, but persistent losses and a negative net worth remain red flags for retail investors. The Managing Director change is a promoter-family succession (the incoming MD is related to existing Director Shereen Navas), which brings continuity but also keeps leadership concentrated within the same family. Watch for the shareholder approval outcome and whether the going-concern situation improves in coming quarters.