The outcome of the Board Meeting is being revised due to an incorrect outcome date mentioned earlier. There are no other changes in the disclosure.
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Ekansh Concepts Ltd reported weak Q3 FY26 results with income from operations plunging 64% year-on-year to ₹172 lakhs (vs ₹482 lakhs in Q3 FY25), dragging the company to a consolidated net loss of ₹328 lakhs for the quarter. For the nine months ended December 2025, revenue from operations fell nearly 26% to ₹2,354 lakhs (vs ₹3,172 lakhs), resulting in a net loss of ₹133 lakhs compared to a small profit of ₹23 lakhs in the prior-year period. The board appointed Mr. Brijmohan Agarwal (FCA with 35+ years of experience) as an Additional Independent Director for a five-year term, while accepting the resignations of Whole Time Director Mr. Heeralal Agarwal and Independent Director Ms. Ekta Gupta, both citing personal reasons. The Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee were also reconstituted.
Shareholders should note the sharp revenue contraction and return to losses after a profitable FY25, with two director exits in a single day raising some governance questions. The new independent director brings strong audit and tax expertise, which is a positive for board oversight going forward.