Adoption of new sets of MoA and AoA of the Company in compliance with the provisions of Companies Act, 2013 subject to approval of shareholders.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board, at its meeting on August 12, 2025, approved the adoption of new Memorandum of Association and Articles of Association in line with the Companies Act, 2013, subject to shareholder approval. The board also approved the unaudited Q1 FY26 (quarter ended June 30, 2025) results, showing revenue from operations of Rs 263.93 lakhs (up sharply from Rs 17.53 lakhs in Q1 FY25) but a net loss of Rs 15.85 lakhs versus a small profit of Rs 2.03 lakhs a year ago. Other decisions include re-appointing Mr. Gourav as Independent Director for another 5-year term, increasing remuneration for Managing Director Mr. Naveen Narang, and appointing M/s Shailendra Roy & Associates as Secretarial Auditor for 5 years. The 44th Annual General Meeting is fixed for September 19, 2025 via video conferencing, with no dividend declared.
The MoA/AoA changes are routine compliance housekeeping and unlikely to move the stock. However, shareholders should note the sharp jump in revenue driven mainly by the Real Estate segment is yet to translate into profits — the company has reported consecutive losses, which is a watchpoint. The MD remuneration hike and director re-appointment will need shareholder approval at the upcoming AGM.