Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirement) Regulations, 2015, we hereby inform you that the Board of Directors in their meeting held today, i.e. ....
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The Board of Directors approved the audited standalone and consolidated financial results for FY26 ended March 31, 2026. Standalone profit after tax was ₹5.76 million on revenue of ₹17.20 million, while consolidated profit after tax was ₹51.81 million on revenue of ₹647.06 million. The auditors issued an unmodified opinion. Additionally, 43.5 lakh convertible warrants were converted into 4.35 crore equity shares (face value ₹1 each) at ₹6.50 per share, bringing in ₹21.21 crore. The paid-up capital increased from ₹5.80 crore to ₹10.15 crore. Promoter group remains the largest shareholder at around 57% post-allotment. The company also disclosed acquisitions of subsidiaries in pipe, AAC blocks, and infrastructure businesses.
The equity dilution from warrant conversion significantly increases share count, which may pressure EPS in the short term. However, the ₹21 crore capital infusion and new subsidiary acquisitions strengthen the company's financial position for future growth.