Outcome of Board Meeting dated 28th May 2026.
ISHANCH · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved the audited standalone financial results for FY 2025-26. The company reported a significant revenue decline to Rs 7347.13 Lakhs from Rs 10146.96 Lakhs in the previous year, representing a drop of about 27.5%. The company swung to a net loss of Rs 710.85 Lakhs compared to a profit of Rs 108.50 Lakhs in FY 2024-25. Basic EPS turned negative at Rs -3.00 per share. Finance costs increased to Rs 701.83 Lakhs from Rs 512.89 Lakhs, while depreciation nearly doubled to Rs 484.78 Lakhs. The statutory auditors issued an unmodified opinion. The board also appointed M/s. H D Panchal & Co. as internal auditor for FY 2026-27.
The stock shows significant deterioration with revenue decline and conversion to loss. Despite positive operating cash flows of Rs 859.18 Lakhs, the company faces high debt levels and increased finance costs. Shareholders should monitor the company's turnaround plans closely.