Outcome of the Board Meeting held on 14th August, 2025
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Ecoboard Industries' Board approved unaudited standalone results for Q1 FY26 (quarter ended June 30, 2025). Total income fell sharply to Rs. 170.27 lakh from Rs. 576.25 lakh in the same quarter last year, a drop of about 70%. The company posted a loss of Rs. 336.23 lakh for the quarter versus a loss of Rs. 317.41 lakh in Q1 FY25. For the full FY25, losses stood at Rs. 1,928.32 lakh, partly due to an exceptional loss of Rs. 855.79 lakh from disposal of old production line inventory. The auditor (Chaturvedi SK & Fellows LLP) issued an unmodified review report but highlighted contingent tax demands of about Rs. 1,804.53 lakh (excise duty Rs. 1,114.64 lakh plus income-tax demands) that have been appealed. The Board also appointed Mr. Satish D Kolhe as Secretarial Auditor (FY 2025-26 to FY 2029-30), appointed Mr. Praveen Kumar Raju Gottumukkala as Whole-time Director and CFO, and fixed September 30, 2025 as the date for the 34th AGM via video conferencing.
Weak quarterly performance with a steep revenue drop and continued losses, combined with large unresolved tax demands, points to significant operational and legal stress for shareholders. New leadership appointments and a recent equity/warrant fundraising may help, but near-term earnings visibility remains poor.