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Awaiting price reaction for this filing.
The board approved Q1 FY26 (quarter ended June 30, 2025) unaudited results showing standalone revenue of ₹3,961 lakhs, down from ₹5,236 lakhs in the same quarter last year, and standalone profit after tax of just ₹60 lakhs versus ₹357 lakhs YoY. Consolidated PAT fell to ₹32 lakhs from ₹364 lakhs YoY, with basic EPS dropping to ₹0.32. M/s. R.R. Ahirwar & Associates was appointed as Cost Auditor for FY 2025-26, and M/s. Anubhuti Akshay & Associates was appointed as Secretarial Auditor for a five-year term (FY 2025-26 to FY 2029-30). The board approved the transfer of all shares of wholly owned subsidiary Josts Foundation (a Section 8 CSR entity) at par value of ₹10 each to promoter group members, namely Chairman/Executive Director Mr. Jai Prakash Agarwal (5,000 shares), Mrs. Krishna Agarwal (4,999 shares), and Mrs. Anshu Agarwal (1 share), classified as a related party transaction at arm's length. The 118th AGM has been scheduled for September 29, 2025, with a record date window of September 23–29 for dividend eligibility, and a Land Monetisation Committee has been constituted to evaluate monetisation options for the company's Thane land.
The sharp YoY decline in both standalone and consolidated revenue and profits for Q1 FY26 is a negative signal for short-term performance. The transfer of the CSR subsidiary to promoter family members at par value, while classified as arm's length, is a related party transaction worth tracking, though the financial scale is minimal. The land monetisation initiative could unlock significant shareholder value if executed well.