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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board of IEL Limited met on 13th February 2026 and approved three items. First, it cleared the un-audited standalone financial results for Q3 FY26 (Oct-Dec 2025) and the nine months ended 31st December 2025, which were reviewed by statutory auditor Maark & Associates. Revenue for the quarter stood at Rs. 58.40 lakhs with a small net loss of Rs. 0.70 lakhs, while nine-month revenue dropped sharply to Rs. 41.67 lakhs (vs. Rs. 616.93 lakhs a year earlier). Second, M/s S. Mandawat & Co., Chartered Accountants was appointed as the internal auditor for FY ending 31st March 2026. Third, the board approved reclassifying three Shah family members — Ronit, Kalpanaben, and Romit Champaklal Shah — from the 'Promoter and Promoter Group' category to 'Public', subject to stock exchange approval. Notably, all three currently hold NIL equity shares in the company.
For shareholders, this is largely a routine compliance update with no major strategic shift; the sharp year-on-year revenue contraction may be worth monitoring, while the promoter reclassification reflects formal housekeeping since the outgoing promoters already hold no shares.