Announced Thu, 14 Aug · 16:51 IST

Outcome of the Board Meeting held on 14th August, 2025 pursuant to Regulation 30 of the SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015

Board & Shareholder Meetings View source PDF

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

The Board approved unaudited standalone and consolidated results for Q1 FY26 (quarter ended 30 June 2025). On a consolidated basis, revenue from operations rose to ₹4,509.72 lakhs from ₹3,783.75 lakhs a year ago (about 19% growth), while net loss narrowed sharply to ₹(66.45) lakhs from ₹(128.55) lakhs. Standalone, the company swung to a small profit of ₹2.62 lakhs versus a loss of ₹(11.04) lakhs last year, on revenue of ₹260.80 lakhs (up from ₹91.89 lakhs). The auditor (Walker Chandiok & Co LLP) gave an unmodified limited review but flagged an ongoing Enforcement Directorate investigation under PMLA at the holding company and two subsidiaries (Barista and Welgrow), including a Provisional Attachment Order on promoter-group shares. The Board also noted conversion of 26.65 lakh CCPS into equity along with allotment of 53.30 lakh bonus shares (2:1) during the quarter, increasing paid-up capital to ₹1,509.91 lakhs.

Likely market impact

Improved top-line and a much smaller consolidated loss are mildly positive, but the lingering ED/PMLA probe and attached promoter shares remain a key risk overhang. The CCPS conversion plus 2:1 bonus issue has expanded the share count, which will dilute per-share metrics going forward.