We wish to inform you that, the board of directors at its meeting held today have approved alteration of object clause of memorandum of association, subject to further approval from the ....
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The board of Kovilpatti Lakshmi Roller Flour Mills, held on 11th November 2025, approved unaudited financial results for Q2 and H1 FY26 ended September 30, 2025. Revenue from operations for Q2 stood at Rs. 10,384.58 lakhs against Rs. 10,904.49 lakhs in Q2 FY25, while H1 revenue was Rs. 20,344.33 lakhs versus Rs. 20,988.78 lakhs last year. The company swung to a profit of Rs. 75.37 lakhs in Q2 (from a loss of Rs. 61.17 lakhs) and Rs. 438.90 lakhs in H1 (from a loss of Rs. 290.86 lakhs), aided by an exceptional profit of Rs. 294.71 lakhs from sale of an asset. The board also approved a proposal to diversify into the hotel and hospitality business, requiring alteration of the Objects Clause of the Memorandum of Association and an estimated capital outlay of up to Rs. 25 crores, subject to shareholder approval via postal ballot. The statutory auditor issued an unmodified review opinion.
Short-term: The stock could see positive sentiment from the return to profitability and the Rs. 25 crore diversification into hospitality, though existing operations show declining top-line. Long-term: Successful execution of the new hospitality venture could open a new revenue stream, but it represents a sharp pivot away from the company's core flour and engineering businesses, and shareholders will need to approve the move.