Please find enclosed herewith intimation with respect to approval and recommendation of appointment of M/s. SMD & Co., as Secretarial Auditors of the Company for a period of 5 years effective ....
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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 held a meeting on July 29, 2025, and approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The company reported total income of Rs. 5.86 lakhs and a net loss of Rs. 4.20 lakhs, slightly wider than the Rs. 4.42 lakh loss in Q4 FY25, with EPS of (0.0105). The board noted the resignation of Mr. Ashok Kumar Behl as Whole-time Director, effective the same day, and appointed Mr. Parveen Kaushik (existing employee since 2020, a Chartered Accountant with 11+ years of experience) as his replacement for a 5-year term, subject to shareholder approval. The board also appointed M/s. SMD & Co. as Secretarial Auditors for a 5-year period starting FY 2025-26. Key risk flags include fully eroded net worth, nil revenue from operations since the name change, and ongoing recovery efforts from old NBFC business.
Operational continuity is maintained with an internal promotion to the Whole-time Director role, which is a neutral-to-slightly-positive governance signal. However, the continued losses, fully eroded net worth, and negligible revenue from operations mean the stock remains a high-risk, thinly-traded name with limited near-term catalysts.