Outcome of Board Meeting enclosed
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board of Directors approved the audited annual financial results for FY2026 ended 31st March 2026. The company reported a significant turnaround from profit to loss - Net Profit dropped to Rs. -27.17 Lakhs (loss) compared to Rs. 173.96 Lakhs profit in FY2025. Total Income increased substantially to Rs. 304.60 Lakhs from Rs. 47.21 Lakhs in the previous year, driven by 'Other Operating Income' of Rs. 293.79 Lakhs. However, total expenses stood at Rs. 84.95 Lakhs. EPS turned negative at Rs. -1.81 per share. The Board also re-appointed M/s. P. C. Shah & Co. as Secretarial Auditors for FY 2026-27. Statutory Auditors M/s. Paresh D. Shah & Co. issued an Unmodified Audit Report, confirming clean financials without qualifications.
The company swung from a profit of Rs. 173.96 Lakhs to a loss of Rs. 27.17 Lakhs, which is a major red flag for investors. Despite strong revenue growth, the sharp drop in profitability signals operational challenges. However, the unmodified audit opinion provides some comfort regarding financial reporting integrity.