Outcome of Board Meeting held on 14th February, 2026 through video conferencing to approve Unaudited Financial results for Quarter and Nine Months ended December 31, 2025.
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The Board of Directors of Ecoboard Industries Ltd approved the unaudited standalone financial results for the quarter and nine months ended December 31, 2025. Revenue from operations for Q3 FY26 jumped to Rs. 947.39 lakh from Rs. 187.01 lakh in Q3 FY25, and for 9M FY26 rose to Rs. 1,601.75 lakh from Rs. 1,090.29 lakh, a growth of about 47% year-on-year. The company, however, continues to report losses, though reduced, with a loss before tax of Rs. 709.68 lakh for 9M FY26 versus Rs. 1,212.20 lakh in 9M FY25. Other equity remains deeply negative at Rs. (4,465.92) lakh. The auditor gave a clean limited review conclusion but drew attention (emphasis of matter) to pending tax/excise demands totalling roughly Rs. 1,804 lakh where no provision has been made. The company also raised capital through preferential allotments and convertible warrants, installed a new 8'x4' production line at Velapur, and is selling off non-core land parcels.
Strong revenue growth and shrinking losses are positive signs, but persistent losses, negative net worth, and large unprovided tax/excise demands (pending Supreme Court and ITAT appeals) remain key risk overhangs. The stock may see mixed sentiment — operational improvement balanced against contingent liability exposure and weak balance sheet.