Outcome of the Board meeting in accordance with the SEBI (LODR) Regulation, 2015
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The Board of Directors of Jeet Machine Tools Ltd met on August 13, 2025, and approved the unaudited standalone financial results for the quarter ended June 30, 2025. Total income for the quarter was Rs. 0.97 lakh, down sharply from Rs. 2.39 lakh in the same quarter last year, while the company reported a net loss of Rs. 3.95 lakh (compared to a Rs. 43.18 lakh loss in Q1FY25). The Board also appointed Mrs. Tasnim A. Sabuwala as an Additional Independent Woman Director for five years, M/s B.R. Gharpure & Associates as Secretarial Auditor for FY2025-26 to FY2029-30, and M/s J.S. Bhatia & Co as Internal Auditor for FY2025-26.
The company continues to post losses, though significantly narrower than the year-ago quarter. Revenue decline and persistent losses are red flags, but the appointment of a new independent woman director strengthens board composition. Shareholders should watch for any improvement in operating revenue, which remains negligible.