Appointment of Secretarial Auditors
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The filing contains unaudited financial results for the quarter ended June 30, 2025, reviewed (not audited) by Kailash Chand Jain & Co., who issued an unmodified review report. On a standalone basis, the company reported total income of Rs. 11.39 lakhs and a profit after tax of Rs. 7.81 lakhs, reversing a loss of Rs. 4.05 lakhs in the year-ago quarter. Revenue from operations was nil in Q1 FY26. On a consolidated basis, total income stood at Rs. 141.40 lakhs but the company slipped into a loss of Rs. 7.99 lakhs after tax. A new subsidiary, Global Explosives Limited, was incorporated during the quarter. The company also confirmed there is no deviation in the use of Rs. 115.98 lakhs raised via a Rights Issue in February 2025, with Rs. 91.46 lakhs utilised so far (Rs. 77.78 lakhs for new office setup and Rs. 13.68 lakhs for issue expenses) and Rs. 24.52 lakhs remaining unutilised in the current account.
Despite a return to standalone profitability, zero revenue from operations and a consolidated loss signal that core business activity remains weak and heavily dependent on other income. The unutilised Rights Issue funds and newly added subsidiary suggest ongoing capacity building, but investors should watch for actual operational revenue before drawing comfort. Note: the filing headline refers to appointment of secretarial auditors for Global Defence Industries Ltd, which does not match the actual document content related to Nibe Ordnance and Maritime Limited's quarterly results.