Outcome of Board Meeting held on 28th July, 2025.
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The Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025). Standalone revenue from operations fell to Rs. 3,510 lakhs from Rs. 3,824 lakhs in Q4 FY25 and Rs. 3,951 lakhs in Q1 FY25. Despite lower revenue, standalone profit after tax rose to Rs. 63 lakhs (vs Rs. 47 lakhs in Q1 FY25), though Rs. 458 lakhs of this quarter's other income came from profit on sale of non-core assets. The company also issued 2,00,000 convertible warrants at Rs. 171 each and invested Rs. 15 crore into subsidiary Kinetic Watts & Volts Ltd. The 54th AGM is fixed for 30 September 2025 via video conferencing. Internal Auditor Mr. Bhagwan Waghmare and Secretarial Auditor Mr. Dinesh Birla (5-year term) were appointed. Two independent directors were re-appointed for second terms, and Mr. Shashikant Gulve joined as an additional director.
The earnings show weaker top-line but bottom-line supported by one-time asset sale gains, so the PAT improvement is not fully reflective of core operations. The Rs. 15 crore subsidiary investment signals continued strategic focus on the EV/electrical business, but also raises capital deployment considerations for shareholders.