Outcome of Board Meeting dated February 10, 2026
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The Board approved unaudited standalone financial results for Q3 FY26 (quarter ended Dec 31, 2025). Revenue from operations rose sharply to Rs. 1,652.91 lakh in Q3 FY26 vs Rs. 43.38 lakh in Q3 FY25, with nine-month revenue at Rs. 4,568.84 lakh vs Rs. 1,827.72 lakh. However, the company swung to a loss in Q3, posting a Profit After Tax of negative Rs. 10.93 lakh against a profit of Rs. 106.32 lakh in the year-ago quarter; EPS for Q3 was negative Rs. 0.12. On a nine-month basis, PAT declined to Rs. 231.15 lakh from Rs. 339.34 lakh. Separately, Mr. Vishnukumar Vitthaldas Patel was redesignated from Managing Director to Non-Executive Director, Independent Director Mr. Pareshkumar Kantilal Patel resigned citing personal business commitments, and CFO Mr. Parth Sanghavi will resign effective March 12, 2026. The Audit Committee, NRC, and Stakeholder Relationship Committee were reconstituted accordingly.
The simultaneous exit of the Managing Director, an Independent Director, and the CFO within a short window could raise governance concerns for retail investors, while the quarter's swing to a small loss after a profit last year may dent near-term sentiment, despite strong revenue growth on a year-on-year basis.