Outcome of board meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Genus Prime Infra Limited (formerly Gulshan Chemfill Limited) reported strong audited results for FY2026. Standalone revenue from operations surged to Rs 416.77 lakhs from Rs 19.26 lakhs in the previous year, while consolidated revenue reached Rs 424.27 lakhs from Rs 22.32 lakhs. Standalone profit after tax turned around to Rs 579.47 lakhs from a loss of Rs 3.87 lakhs, and consolidated PAT stood at Rs 458.69 lakhs. The auditors issued an unmodified (clean) opinion. However, the auditors included two Emphasis of Matter paragraphs: one regarding the NCLT-approved scheme of arrangement involving demerger of Genus Power Infrastructures Limited and merger of subsidiaries (effective April 24, 2025), where share issuance remains pending due to legal formalities; and another regarding preference shares that have become due for redemption but are still being reconciled. The consolidated results are not comparable with prior periods due to the structural changes from the scheme. Standalone operating cash flow was negative at Rs 7.15 lakhs.
The company showed dramatic revenue and profit recovery driven by the scheme of arrangement, but the pending share issuance and unredeemed preference shares represent unresolved corporate actions that investors should monitor. The negative operating cash flow on standalone basis is a concern despite the profit turnaround.