Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board of Directors of Garnet International Limited (CIN: L74110MH1995PLC093448) approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025, along with the Limited Review Report of the Auditors. Q1 FY26 revenue from operations stood at approximately Rs. 163.26 lakhs versus Rs. 35.97 lakhs in Q1 FY25, indicating a sharp year-on-year jump, while profit before tax rose to Rs. 144.03 lakhs from Rs. 15.19 lakhs in the corresponding prior quarter. The Board also approved the notice of the 43rd Annual General Meeting to be held on Tuesday, September 30, 2025, and the Board's Report along with other statutory reports for the financial year ended March 31, 2025. The Register of Members and Share Transfer Books will remain closed from September 24, 2025 to September 30, 2025 (both days inclusive) for AGM purposes. The Board also took on record the secretarial audit report issued by M/s Siddharth Sharma & Associates for FY2024-25 and approved the Statement of Deviation/Variation in utilisation of funds raised through the preferential issue (allotment date: February 10, 2025; amount raised: Rs. 35.37 crores, with Rs. 8.84 crores received upfront and the balance 75% receivable upon warrant conversion).
Strong top-line and bottom-line growth in Q1 FY26 is materially accretive for shareholders and is likely to be viewed positively by the market, though the small base and significant net gains on fair value changes suggest some of the uptick may be non-recurring in nature.