Outcome of the Board meeting
HALDER · price
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The Board approved standalone and consolidated unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Standalone revenue from operations was Rs. 7,067.66 lakhs versus Rs. 7,653.31 lakhs in Q1 FY25 (restated), while standalone net profit stood at Rs. 489.04 lakhs with EPS of Rs. 5.43. On a consolidated basis, revenue fell sharply to Rs. 10,320.58 lakhs from Rs. 16,631.63 lakhs, but the company swung to a net profit of Rs. 285.87 lakhs from a loss of Rs. 841.34 lakhs in the year-ago quarter. Comparatives have been restated to reflect the amalgamation with five group entities (P.K. Agri Link, Shri Jatadhari Rice Mill, P.K. Cereals, JDM Commercial, Reliable Advertising) sanctioned by NCLT Kolkata in November 2024, with merger expenses of Rs. 33.19 lakhs shown as an exceptional item. The Board also approved a 2:1 bonus issue (record date 1 September 2025), pending postal ballot approval on 26 August, and reappointed Gautam K Dutta and Associates as Internal Auditor for FY26.
Mixed set of numbers – declining top line on both standalone and consolidated bases, though consolidated bottom line has turned positive. The proposed 2:1 bonus issue should improve stock liquidity and may attract retail interest, but shareholders should track the postal ballot result, the pending property transfer of the Rs. 6,391.85 lakh Haldia acquisition, and the Rs. 1,688.24 lakh dividend receivable from foreign subsidiary Hal Exim Pte Ltd.