Outcome of Board meeting held for approval of audited financial results for quarter and year ended 31st March, 2026 and change in management
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Ecoboard Industries Ltd reported FY26 results with Total Income of Rs 2,427.27 lakh (up from Rs 1,373.35 lakh in FY25) but continued losses - Loss before tax of Rs 1,008.32 lakh versus Rs 1,828.32 lakh in FY25. The company turned equity positive at Rs 2,255.89 lakh (from negative Rs 505.17 lakh) following equity raises of Rs 2,692.85 lakh. Revenue from operations declined to Rs 2,390.53 lakh from Rs 4,271.73 lakh. Outstanding tax demands total Rs 1,804.53 lakh across excise duty (Rs 1,114.64 lakh) and income tax matters. The Board appointed Ms. Ritu Mandore as Company Secretary and Compliance Officer (w.e.f. May 23, 2026) and M/s. R Kabra & Co LLP as Internal Auditor for FY26-27. The new 8'x4' production line at Velapur started commercial production from August 1, 2025. Land sale of 28.31 acres completed out of ~40 acres targeted.
While losses narrowed significantly and equity turned positive due to capital raises, the company faces substantial tax litigation risks and declining revenues. The appointment of a new Company Secretary strengthens compliance function but no major share price catalyst is evident from this filing.