Outcome of Board Meeting_14.08.2025
Price
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Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). On a standalone basis, revenue from operations fell to ₹3,961 lakhs from ₹5,236 lakhs in Q1 FY25, a decline of about 24%. Standalone profit after tax dropped sharply to ₹60 lakhs from ₹357 lakhs, while EPS fell to ₹0.60 from ₹7.30. Consolidated revenue was nearly flat at ₹5,561 lakhs, but consolidated PAT slipped to ₹33 lakhs from ₹364 lakhs. The Board also appointed new Cost Auditor and Secretarial Auditor, fixed 29 September 2025 as the AGM date (book closure 23–29 September for dividend), approved transfer of Josts Foundation (its wholly owned subsidiary) shares to promoter-group members, and set up a Land Monetisation Committee to monetise the Thane land.
Sharply lower Q1 profits and a revenue decline year-on-year are negative signals for the stock, though the proposed land monetisation and dividend could provide near-term support. The transfer of the subsidiary to promoter-group entities is a related-party transaction and may draw shareholder attention.