Outcome of Board Meeting dated 13th February, 2026.
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IEL Limited's board approved the unaudited standalone financial results for the quarter and nine months ended 31 December 2025, with a limited review by statutory auditor M/s Maark & Associates. Revenue from operations dropped sharply to about Rs 55 lakhs in Q3 FY26 versus Rs 615.27 lakhs in the same quarter last year, and the company swung to a net loss of roughly Rs 13.59 lakhs for the quarter and Rs 40.38 lakhs for the nine-month period, compared to a profit of Rs 64.81 lakhs in the corresponding nine months of FY25. The board also appointed M/s S. Mandawat & Co., Chartered Accountants as the internal auditor for FY ending 31 March 2026, and approved the reclassification of three promoters – Ronit Champaklal Shah, Kalpanaben Champaklal Shah, and Romit Champaklal Shah – from the Promoter and Promoter Group category to Public category, none of whom currently hold any equity shares.
The steep revenue decline and the swing from profit to loss in the nine months are negative signals for shareholders and may put short-term pressure on the stock, though the company's small scale means results can be volatile. The promoter reclassification involves shareholders with zero holding, so it has no meaningful impact on shareholding structure.