Outcome of Board Meeting dated January 22, 2026

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Nifty Microcap 250market · in no size index; the smallest one is used+1.6%+0.5% vs market

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On the reaction day the stock moved 0.5 pts more than Nifty Microcap 250 and 0.4 pts more than its Industrial Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

The board approved standalone unaudited financial results for Q3 FY26 (quarter ended December 31, 2025) and 9M FY26. Q3 revenue from operations grew about 12% YoY to Rs. 6,437 lakhs (vs Rs. 5,741 lakhs in Q3 FY25), while Q3 profit after tax fell nearly 25% YoY to Rs. 559 lakhs (vs Rs. 744 lakhs). For 9M FY26, revenue rose about 8% to Rs. 18,005 lakhs but PAT declined around 9.8% to Rs. 1,771 lakhs; EPS stood at Rs. 3.43 (9M FY25: Rs. 3.81). The PAT drop was largely due to a one-time, non-cash charge of Rs. 387 lakhs from the notified Labour Codes, recognised as past service cost on gratuity and compensated absences. Sharp & Tannan Associates issued an unmodified limited review report with no qualifications.

Likely market impact

Revenue growth is healthy, but the sharp YoY fall in profits driven by the Labour Codes charge may weigh on near-term sentiment; however, since the charge is non-recurring, underlying business performance remains positive.