Q1 FY26-27 results: Revenue drops 23% YoY, promoter warrant conversion
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Q1 FY26-27 net sales fell to Rs. 1,375.07 lacs from Rs. 1,784.54 lacs YoY (down about 23%). PAT dropped to Rs. 60.76 lacs from Rs. 104.45 lacs YoY, with EPS at Rs. 0.27 vs Rs. 0.46 last year. Board approved Q1 results, fixed AGM on 10 Sep 2026, book closure 4 to 10 Sep. Allotted 13.32 lakh convertible warrants to promoter Mr. Murtuza Mewawala, raising Rs. 9.33 crore and raising share capital to Rs. 9.65 crore (2.41 crore shares). Re-appointed Independent Director Venkateswaran Chittoor for 5 years. Auditor issued clean limited review report.
Sharp YoY revenue and profit decline is negative. Promoter warrant conversion brings in Rs. 9.33 crore but will dilute existing shareholders.