Board approves Q1 FY27 results, new CFO, auditor re-appointment, subsidiary loan-to-equity
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Q1 FY27 results: consolidated revenue Rs 654.19M, PAT Rs 0.64M profit versus Rs 5.72M loss YoY; standalone PAT Rs 25.36M versus Rs 14.62M YoY. Mr. Mayank Shah stepped down from CFO additional charge and Mr. Ashish Agarwal (currently Senior Manager Accounts, CA with 6 years experience) appointed CFO effective Aug 11, 2026. Ummed Jain and Co reappointed as statutory auditors for 5 years. Mrs. Sweta Shah (promoter Mayank Shah's spouse) reappointed as Whole-time Director for 3 years. Rs 110.44 crore inter-company loan to Dubai subsidiary FZE being converted into equity. Rs 2 crore SBLC corporate guarantee to HDFC Bank for subsidiary renewed. 35th AGM scheduled for Sept 19, 2026.
New dedicated CFO strengthens finance leadership; Q1 FY27 consolidated PAT turned positive; subsidiary loan-to-equity conversion supports Dubai unit without cash outflow.