Indiabulls Enterprises Limited has informed the Exchange regarding Board meeting held on July 25, 2025.
Awaiting price reaction for this filing.
Indiabulls Enterprises' board, meeting on July 25, 2025, approved unaudited Q1 FY26 results (quarter ended June 30, 2025). On a consolidated basis, revenue from operations fell to ₹13.16 crore from ₹14.88 crore a year ago, and net loss widened to ₹5.73 crore from ₹3.39 crore. On a standalone basis, the net loss narrowed to ₹3.08 crore from ₹5.18 crore, even as revenue dropped to ₹10.68 crore from ₹13.28 crore. Segment-wise, equipment renting brought in ₹10.68 crore, financing ₹3.61 crore, and real estate development contributed nothing. Whole-Time Director Vijay Kumar Agrawal resigned citing personal reasons, and the board recommended appointing Riyaz Javed Khan (14 years with Indiabulls Group) as his replacement for 5 years. The board also recommended appointing M/s. Sukesh & Co. as Secretarial Auditor for FY 2025-26 to FY 2027-28. The ongoing composite scheme of arrangement with Dhani Services and Yaari Digital remains pending before NCLT Chandigarh, with the next hearing on August 7, 2025.
Wider consolidated losses and falling revenue are likely to be viewed negatively by investors, though the standalone loss narrowed. The director exit and the still-pending amalgamation scheme add uncertainty around the company's restructuring path.