Outcome of Board Meeting held on February 12, 2026
Price
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Awaiting price reaction for this filing.
The Board approved unaudited Q3 FY26 financial results, with revenue from operations rising to ₹277.36 lakhs, up about 89% from ₹146.55 lakhs in the same quarter last year. However, the company posted a Q3 net loss of ₹860.39 lakhs and a nine-month loss of ₹1,387.49 lakhs, largely driven by a sharp current tax expense of ₹916.08 lakhs in Q3 and impairment of financial instruments. Total comprehensive income stayed positive at ₹2,452.93 lakhs for the quarter, helped by other comprehensive income. Statutory auditor B.L. Dasharda & Associates issued an unmodified limited review report, and the company is classified as a Base Layer NBFC under RBI regulations.
Revenue growth is encouraging but the company remains loss-making at the bottom line, which is a concern for shareholders despite the positive comprehensive income. Investors should watch for sustained profitability, and note the change in statutory auditor compared to the previous year.