Outcome of Board Meeting.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q2 and H1 FY26 ended September 30, 2025. Consolidated H1 revenue rose 12% YoY to Rs. 12,765 lakhs, while Q2 revenue grew a stronger 24% YoY to Rs. 5,962 lakhs, driven by construction/property and retail insurance. However, profitability declined — consolidated Q2 PAT fell 30% to Rs. 521 lakhs and H1 PAT dropped 23% to Rs. 1,286 lakhs, mainly due to a sharp rise in finance costs (up 168% YoY in H1) and depreciation. Company Secretary Mr. Naveen Kumar resigned effective November 3, 2025, with Ms. Pooja Gaur appointed as his replacement from November 5. The Board also updated on the proposed 100% acquisition of Safe Risk Insurance Brokers by subsidiary India Insure, pending IRDAI approval, and noted the company is exploring fundraising to support further inorganic growth.
Mixed near-term picture: strong topline growth offset by margin pressure from higher interest and depreciation costs. The KMP transition is routine with an immediate replacement in place. The acquisition pipeline and retail expansion (health/life) could drive future growth, but near-term stock reaction may be cautious given the PAT decline and pending regulatory clearances.