Outcome of Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved unaudited standalone and consolidated results for H1 FY26 (Apr–Sep 2025). Standalone revenue from operations fell to Rs. 2,981.44 lakh from Rs. 5,049.08 lakh in the year-ago period, a drop of roughly 41%. Profit after tax collapsed to Rs. 134.99 lakh from Rs. 1,601.56 lakh, down about 91%, with EPS at Rs. 0.51. Operating cash flow turned sharply negative at Rs. (4,863) lakh versus a small outflow last year. On a positive note, the company approved a preferential issue of equity and warrants worth Rs. 273.72 crore, of which Rs. 70.71 crore has already been received, with the balance due by March 2027. The board also approved acquiring a 10% stake in Nexa Infraspace Pvt Ltd for just Rs. 10,000 (an early-stage real estate entity with negligible turnover) and accepted the resignation of Independent Director Mr. Ajay Pandey due to pre-occupation.
Sharp slowdown in core operations and a steep PAT decline are negatives, but the large equity/warrant raise strengthens the balance sheet for future expansion. The acquisition is immaterial in size. Stock may react negatively to the weak H1 numbers despite the capital infusion.