Equippp Social Impact Technologies Limited has informed the Exchange about the Appointment of Dr. Ajay Kumar Singh as Additional Non Executive Independant Director of the Company w.e.f 12.08.2025.
EQUIPPP · price
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The board met on August 12, 2025 and approved Q1 FY26 (quarter ended June 30, 2025) unaudited results. Standalone total income was Rs. 33.30 lakhs with a net loss of Rs. 16.58 lakhs, while consolidated results showed a net profit of Rs. 25.94 lakhs mainly driven by subsidiary Technogen India (revenue Rs. 900.14 lakhs, profit Rs. 62.37 lakhs). The auditor flagged Rs. 122.18 lakhs in overdue trade receivables that needs recovery action. Dr. Ajay Kumar Singh, currently Associate Director at ISB Hyderabad, was appointed as Additional Non-Executive Independent Director. The board also approved exploring acquisition of the remaining 65% stake in EQUIPPP Inc., possibly via preferential or rights issue to comply with RBI overseas direct investment rules.
Investors should note the company remains in a standalone loss position while profitability depends on its Technogen subsidiary; the overdue receivables are a watch item. The new independent director brings academic and social-marketing expertise relevant to the company's social impact focus. The proposed EQUIPPP Inc. acquisition could result in dilution if funded via a preferential or rights issue.