Outcome of Board Meeting Held on May 07, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited financial results for FY2025-26 showing a dramatic collapse in revenue to Rs. 0.00 Lakhs from Rs. 57.73 Lakhs in the previous year, with the company reporting a net loss of Rs. 171.95 Lakhs compared to a net profit of Rs. 19.87 Lakhs in FY2024-25. Total income dropped to just Rs. 0.52 Lakhs from Rs. 559.34 Lakhs. The auditors issued an unmodified (clean) opinion on the results. Most significantly, the Board approved altering the company's name to either 'Kanzi Enterprise Limited', 'Asahi Enterprise Limited', or 'Siddhaa Enterprise Limited', and changing the main object clause from healthcare to trade and service industry - indicating a complete change in business direction. The company holds cash reserves of Rs. 1,701.70 Lakhs and reserves of Rs. 1,324.93 Lakhs against share capital of Rs. 1,050 Lakhs.
The company has pivoted from a near-zero revenue healthcare business to a trade and service model, signaling a major transformation. The name change and object clause alteration suggest potential diversification, reverse merger activity, or delisting. Existing shareholders face uncertainty as the company's core business identity is being fundamentally altered.