Preference shares allotted under NCLT order; Q1 FY27 results approved
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Board approved Q1 FY27 results: standalone revenue Rs 913.38 cr (up from Rs 834.05 cr YoY), net profit Rs 6.86 cr (down from Rs 27.67 cr). Allotted 1.09 crore 6% Non-Cumulative Redeemable Preference Shares of Rs 10 each to existing shareholders per NCLT order dated July 21, 2026, totaling Rs 10.95 cr. New shares will be unlisted. One non-consenting shareholder to be redeemed at par (Rs 1.05 cr). Auditor flagged non-provision of interest on NPA loans and going concern issues at subsidiaries.
Preference share restructuring per NCLT order; financials show declining profits, auditor flagged NPA and going concern concerns.