PFA THE OUTCOME OF BOARD MEETING
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Awaiting price reaction for this filing.
The board approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations stood at Rs. 91.76 lakhs, down from Rs. 105.00 lakhs in the same quarter last year, while profit after tax came in at Rs. 35.83 lakhs versus Rs. 47.20 lakhs YoY. Statutory auditor M/s N.Singhal & Co resigned citing preoccupation with other professional commitments, explicitly stating no dispute with the company, and M/s Achha Associates was appointed in their place for a five-year term at Rs. 1.5 lakh per annum. The board also approved the notice for the 30th AGM scheduled for 1 September 2025 via video conferencing.
Investors should note the mid-year auditor change, although the outgoing auditor cleared any concerns about the company. The roughly 12-13% YoY drop in revenue and 24% decline in quarterly profit may weigh on sentiment, but the company remains profitable.