Please find the enclosed letter for the declaration of the unaudited standalone and consolidated financials for the quarter ended June 30, 2025 which commenced today at 03.05 pm and concluded ....
ELCIDIN · price
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Elcid Investments' board approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) at a meeting held on August 8, 2025. The company is a Non-Banking Financial Company operating as an investment company, with earnings driven mainly by fair value changes on its investment portfolio. The company returned to profitability in Q1 FY26 after reporting losses in Q1 FY25, on both standalone and consolidated bases, reflecting a recovery in the value of its investments. V.K. Beswal & Associates issued clean (unmodified) limited review reports on both sets of results, with no qualifications, going concern flags, or emphasis of matter. The board also reconstituted the Audit Committee effective August 9, 2025, with Mr. Essaji Vahanvati as the new Chairman.
The return to profitability after prior-year losses is likely to be viewed positively by the market. The audit committee reconstitution is a routine governance change with no immediate material impact on shareholders.