PFA THE OUTCOME OF THE BOARD MEETING
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
By the next day the stock moved 2.7 pts less than Nifty Microcap 250 and 5.2 pts less than its Houseware peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The board approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations stood at Rs. 91.76 lakhs, down about 12.6% from Rs. 105.00 lakhs in the same quarter last year. Profit after tax came in at Rs. 35.83 lakhs versus Rs. 47.20 lakhs in Q1 FY25, a decline of roughly 24%, translating to a basic EPS of Rs. 0.35 (vs Rs. 0.46 earlier). The board also accepted the resignation of statutory auditor M/s N. Singhal & Co (FRN: 006249C), citing preoccupation with other professional commitments, and appointed M/s Achha Associates (FRN: 078108S) as the new statutory auditor for five years at Rs. 1.50 lakh per annum. Additionally, the 30th AGM was scheduled for 1 September 2025 via video conferencing, with the record date cut-off fixed at 25 August 2025.
Investors should note the year-on-year decline in both revenue and profit for Q1, though the company remains profitable. The mid-term auditor change appears routine with no concerns flagged by the outgoing auditor about management or financials, but shareholders may want to monitor the new auditor's first full-year review closely.