Outcome of the Board Meeting held on 14th August, 2025 for the approval of the un-audited Financial results for the quarter ended June 30, 2025
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The Board of Directors of Grandma Trading & Agencies Ltd met on August 14, 2025, and approved the unaudited financial results for the quarter ended June 30, 2025 (Q1 FY26). The results were submitted along with a Limited Review Report from the statutory auditor, M/s. Singhvi & Sancheti. The auditor issued an unmodified review conclusion, meaning the financials were found to be fairly presented with no material misstatements. However, the auditor flagged an Emphasis of Matter, drawing attention to a proposal approved by the Board on May 29, 2025, to reduce the company's paid-up share capital under Section 66 of the Companies Act, 2013. This capital reduction proposal is still awaiting shareholder approval in a general meeting and confirmation by the NCLT. The auditor's conclusion was not modified by this emphasis.
The proposed share capital reduction is a significant pending corporate action that, if approved, will reduce the company's paid-up share capital and could affect shareholder value. Until shareholder and NCLT approvals are secured, the paid-up capital remains unchanged and investors should monitor the progress of this proposal. The clean audit review suggests no immediate red flags in the quarterly numbers themselves.