Voluntary delisting from CSE
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.4 pts less than Nifty Microcap 250 and 0.3 pts more than its Consulting Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved unaudited financial results for Q3 and 9M FY26 (ended Dec 31, 2025) along with a proposal to voluntarily delist equity shares from the Calcutta Stock Exchange (CSE). Shares will continue to be listed on BSE, which has nationwide trading terminals, so no exit opportunity is being offered to shareholders. On a consolidated basis, Q3 revenue rose ~21% YoY to Rs 6,087 lakhs (from Rs 5,032 lakhs), driven mainly by the Direct and Re-insurance segment (~79% of 9M revenue). Q3 net profit after tax jumped ~54% YoY to Rs 471 lakhs (from Rs 306 lakhs), though 9M FY26 PAT at Rs 1,760 lakhs was ~10% lower than the Rs 1,966 lakhs earned in 9M FY25. EPS for 9M FY26 stood at Rs 2.58 versus Rs 2.88 a year earlier. The auditor (Seshachalam & Co.) issued an unmodified review conclusion on both standalone and consolidated results.
For BSE shareholders there is no direct action required; the CSE delisting is purely administrative since BSE provides nationwide trading access. The strong Q3 YoY growth in revenue and profit is positive, but the 9M PAT decline and rising finance costs (Rs 528 lakhs vs Rs 187 lakhs) suggest margins are under pressure and may temper near-term enthusiasm.