Revised Outcome of Board Meeting held on Tuesday, May 26, 2026
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The board approved audited standalone financial results for FY2026 (year ended March 31, 2026), reporting total revenue of Rs. 238.80 lakh vs Rs. 1,042.15 lakh in FY2025 — a sharp 77% revenue decline. Profit after tax fell to Rs. 80.58 lakh from Rs. 468.83 lakh, a drop of 83%, with EPS plummeting from Rs. 39.42 to Rs. 0.35. Operating cash flow was deeply negative at Rs. 221.39 lakh for the year. The auditor flagged that the company had no formal internal audit framework in place and noted a material uncertainty relating to going concern — though the opinion itself was not modified. The company also announced relocation of its registered office from Rajasthan to Mumbai, a change in secretarial auditor (resignation of Ms. Krina Shah, replaced by Pooja M Patel & Associates), and appointment of a new internal auditor.
The company faces severe financial deterioration with revenue and profit both declining sharply. The negative operating cash flow and auditor's going concern flag are serious red flags for shareholders. The stock may come under pressure despite the unqualified audit opinion.