OUTCOME OF THE BOARD OF DIRECTORS MEETING HELD ON AUGUST 12, 2025.
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The board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). Standalone revenue from operations jumped to Rs 61.52 crore from Rs 19.07 crore in Q1 FY25, a rise of over 220%, though standalone PAT dipped slightly to Rs 0.70 crore from Rs 0.78 crore. On a consolidated basis, revenue rose about 20% to Rs 125.75 crore, while PAT surged to Rs 7.12 crore from Rs 2.10 crore (up roughly 239%), driven largely by the Woven Sacks division. The statutory auditor issued an unqualified limited review report on both sets of results. The board also appointed Mr. Aman Parekh (son of Managing Director Prakash Parekh) as Additional Executive Director.
Strong consolidated earnings growth signals improving performance at the subsidiary level, which is positive for shareholders. The standalone margin compression despite revenue surge may raise questions about cost pressures, but the overall picture is constructive. Appointment of a family member as Executive Director is a governance note for investors.