ENCLOSED HEREWITH BOARD MEETING OUTCOME DATED 14/08/2025
Awaiting price reaction for this filing.
The board approved unaudited results for Q1 FY26 (quarter ended June 30, 2025), reporting total income of ₹1.00 lakh against a loss after tax of ₹1.67 lakh and an EPS of ₹(0.01). Mr. Manas Ranjan Palo was appointed as the new Chief Financial Officer with effect from August 14, 2025, to comply with Section 203 of the Companies Act, 2013. The 45th AGM was scheduled for September 24, 2025, via video conferencing, with the share transfer books closed from September 18–24, 2025. Importantly, the board itself issued a public warning that the company's rising share price is not supported by its financials or any business activity. The board also noted an SAT order dated May 2, 2025 directing maintenance of status quo on a prior BSE order dated April 8, 2025.
Investors should treat the stock with extreme caution — the board itself has flagged that the share price rally is not backed by fundamentals, and ongoing regulatory proceedings (SAT status quo on BSE order) add further risk. The CFO appointment is routine compliance, not a strategic catalyst.