Submission of Outcome of Board Meeting held on Friday, 29th August, 2025
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Awaiting price reaction for this filing.
The Board approved unaudited results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations jumped sharply to Rs. 15,013.23 lakhs from just Rs. 6.76 lakhs in the same quarter last year, driven mainly by rice trading under agri products rather than the core floriculture business. Profit after tax rose to Rs. 205.34 lakhs (vs Rs. 17.90 lakhs), with EPS at Rs. 1.03. The Board also decided to shift the corporate office from Kandivali East, Mumbai to APMC Market Yard, Mota Chiloda, Gandhinagar effective 1 September 2025, and to maintain books of accounts at the new office. The statutory auditor flagged that a Company Secretary is yet to be appointed and noted that the big revenue spike is mostly pass-through rice sales where goods were delivered directly by supplier to buyer without the company holding inventory.
The headline revenue surge is largely low-margin rice trading, not core floriculture, so underlying earnings power remains modest. Pending Company Secretary appointment and the auditor's 'Other Matter' flag are minor compliance/concern points shareholders should watch.