We have attached herewith Outcome of Board Meeting. Kindly take the same on your record. Thank you.
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The Board approved unaudited standalone financial results for the half year ended September 30, 2025, along with a limited review report from auditor K.P. Parekh & Co., which is clean (no qualifications). Revenue from operations fell to Rs 691.66 lakhs from Rs 880.58 lakhs in the same period last year, a decline of about 21%. Despite the revenue drop, Profit After Tax rose sharply to Rs 84.94 lakhs from Rs 60.91 lakhs (up ~39%), helped by lower purchase costs and inventory changes, taking EPS to Rs 1.70 vs Rs 1.22. On the balance sheet, total assets grew to Rs 3,688 lakhs, with a notable jump in trade receivables (Rs 1,210 lakhs vs Rs 397 lakhs) and a sharp fall in inventory (Rs 366 lakhs vs Rs 799 lakhs). The company also disclosed related party transactions including director remuneration of Rs 15 lakhs and a Rs 1.65 crore advance from Managing Director Neel Pujara.
Mixed signals for shareholders: top-line shrank meaningfully but profitability improved, suggesting better margins or lower input costs. However, the surge in receivables and negative operating cash flow (Rs -20.88 lakhs) indicate working capital stress worth watching. The large director advance is a related-party item investors should note.