Outcome of the Board meeting held on Thursday, August 07, 2025.
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The board approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Total income declined sharply to Rs 154.41 lakhs from Rs 266.02 lakhs in Q1 FY25, a drop of about 42% year-on-year, and the company slipped into a loss of Rs 4.44 lakhs compared to a profit of Rs 7.39 lakhs in the same quarter last year. Diluted EPS turned negative at Rs (0.15) versus Rs 0.33 earlier. Three key appointments were made: Mrs. Archna Maheshwari as an Additional Independent Director for 5 years, Mr. Umesh Lahoti as Managing Director for 5 years (he is the brother of existing Director Mr. Ujwal Lahoti and was already handling day-to-day operations), and Mrs. Sonam Jain as Secretarial Auditor for FY 2025-26 to 2029-30. The 40th AGM is scheduled for September 24, 2025, with the book closure period from September 18 to 24, 2025.
Weak quarterly results with a sharp revenue decline and return to losses are negative for near-term sentiment. Elevating a family member of an existing director to Managing Director strengthens promoter-family control, which may concern governance-focused investors, though the addition of a new Independent Director is a positive step. Shareholders should watch the AGM on September 24 for shareholder approval of these appointments.