Outcome of Board Meeting_05.02.2026
Price
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Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q3 and nine months ended December 31, 2025. Standalone revenue for the quarter rose about 32% to Rs. 61.86 crore, but nine-month revenue dipped nearly 6% to Rs. 148.83 crore, while standalone profit after tax fell sharply to Rs. 1.22 crore (quarter) and Rs. 3.92 crore (nine months) from Rs. 4.12 crore and Rs. 11.13 crore a year ago, partly due to a one-time exceptional charge of Rs. 2.61 crore from the new Labour Codes. On a consolidated basis, nine-month revenue grew about 10% to Rs. 187.58 crore but profit after tax fell to Rs. 2.54 crore from Rs. 12.94 crore. The Board also approved the sale of its entire stake and assets in material subsidiary JECL Engineering Limited to Mr. Rahul Dhoot for Rs. 73 crore, subject to shareholder approval via postal ballot. JECL contributed 26.4% of consolidated revenue and 16.3% of consolidated net worth as of December 2025. The auditor (Shah Gupta & Co.) issued an unmodified limited review report.
Shareholders will vote on a Rs. 73 crore divestment of JECL, a significant revenue-contributing subsidiary, which will reshape the consolidated business mix and bring in cash. Weak nine-month profit performance and a one-time Labour Code charge may put pressure on the stock in the near term, though the asset sale proceeds could support future growth or capital returns.