Outcome of Board meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved standalone audited financial results for FY ended March 2026. Revenue surged 68% to Rs 11,474 Lacs from Rs 6,823 Lacs in prior year. However, PAT declined marginally to Rs 313 Lacs (vs Rs 318 Lacs), indicating margin compression amid high growth. EBITDA margin contracted as expenditure grew 67% in line with revenue. The company declared un-modified audit opinion confirming clean books. Related party transactions (loans to associate Expo Project Engg. Services Pvt Ltd Rs 90.9L) were approved and disclosed. The Board appointed advisors to evaluate a proposed merger and re-appointed Mr. Sunil Sawant as Internal Auditor for 2026-27. Negative operating cash flow of Rs -641 Lacs is a concern despite profitability. Pending income tax dispute of Rs 235 Lacs (from FY 2010-11) remains a contingent liability.
Strong top-line growth but declining bottom-line and negative operating cash flow are concerning. The proposed merger evaluation signals strategic intent but creates uncertainty. Clean audit opinion is positive but investors should monitor margin compression and cash flow situation closely.