PFA THE OUTCOME OF THE BOARD MEETING
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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.