Outcome of the Board Meeting held on 11th February, 2026 is attached herewith
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The board approved the unaudited financial results for Q3 FY26 (quarter ended 31 December 2025) along with the auditor's limited review report. Revenue from operations for the quarter stood at Rs. 31.48 lakhs, down from Rs. 70.55 lakhs in the previous quarter but a sharp improvement over the nil revenue in the year-ago quarter. The company reported a net profit of Rs. 13.68 lakhs for Q3 FY26, compared to a net profit of Rs. 58.57 lakhs in Q2 FY26 and Rs. 251.02 lakhs in Q3 FY25 (the latter boosted by Rs. 252.99 lakhs in exceptional items). For the nine-month period, revenue was Rs. 132.92 lakhs and net profit was Rs. 88.13 lakhs, versus a prior-year nine-month loss of Rs. 8.17 lakhs before exceptional items. The board also redesignated Mr. Prashant Kanubhai Modi (DIN: 06998991) from Non-Executive Non-Independent Director to Chief Executive Officer.
The company has shifted into actual revenue generation after a long period of nil operations, though quarterly revenue has cooled from Q2 levels. Shareholders should note the leadership change at the top, with Mr. Modi now taking on an executive CEO role, which could signal a more active operating phase.