Outcome of the 4th Board Meeting for the Financial Year 2025-26
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Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at Rs 0, with the company posting a net loss of Rs 8.02 lakhs, an improvement from the Rs 15.57 lakh loss in Q1 FY25. Total expenses were Rs 8.02 lakhs, comprising Rs 1.95 lakhs in employee costs and Rs 6.06 lakhs in other expenses. EPS stood at Rs -0.011 versus Rs -0.021 in the year-ago quarter. Statutory auditor S. Vishnu & Co. issued a clean (unmodified) limited review report. Separately, the Board appointed Ms. Mounika Bandam, a Company Secretary and finance professional with over 7 years of experience, as the new Internal Auditor with effect from August 11, 2025.
The company continues to report zero revenue and persistent losses, signalling that its property development business has yet to generate operating income, though the narrowing loss is a mild positive. The internal auditor change is a routine governance update and is unlikely to move the stock.