We hereby enclose the Outcome of the Meeting of Board of Directors of the Company held on November 12, 2025.
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Kusam Electrical Industries' board approved unaudited financial results for Q2 and H1 FY26 (ended Sept 30, 2025). Revenue from operations for H1 FY26 stood at Rs 541.45 lakhs, up roughly 29% from Rs 421.15 lakhs in H1 FY25. The company swung to a profit after tax of Rs 28.06 lakhs in H1 FY26 versus a loss of Rs 11.13 lakhs a year earlier. However, standalone Q2 FY26 profit after tax dropped sharply to Rs 2.02 lakhs from Rs 26.04 lakhs in Q2 FY25, despite a marginal rise in quarterly revenue. Statutory auditors Chhajed & Doshi issued an unmodified limited review report, noting that prior period results were audited/reviewed by a predecessor auditor. The board also accepted the resignation of Company Secretary Ms. Amruta Kiran Lokhande, effective Oct 30, 2025, due to personal obligations.
The strong half-year revenue growth and turnaround to profitability are positive, but the steep sequential drop in Q2 profit is a concern for investors. The auditor change and key managerial personnel departure add some governance uncertainty, though the clean review report limits concerns.