This is to inform you that a Meeting of Board of Directors of our company was held on Wednesday, 12th November 2025 at registered office of the company located at Flat No.18, 5th Floor, ....
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 met on November 12, 2025 and approved unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2025. Standalone revenue from operations fell sharply to ₹6,343.19 lakhs in H1 FY26 from ₹13,589.58 lakhs in H1 FY25, though standalone H1 profit after tax rose to ₹394.79 lakhs from ₹206.27 lakhs. The latest quarter (Q2 FY26) however swung to a standalone loss of ₹95.89 lakhs versus a profit of ₹133.97 lakhs a year earlier. The consolidated picture mirrors this with H1 revenue dropping to ₹6,627.61 lakhs from ₹15,746.94 lakhs and a Q2 loss of ₹132.96 lakhs. Cash flow from operations was negative on both standalone (-₹396.65 lakhs) and consolidated (-₹820.50 lakhs) bases. The board also approved an in-principle proposal to sell its entire stake in subsidiary Mefcom Securities Limited to Managing Director & Promoter Vijay Mehta, subject to shareholder and regulatory approvals, and reconstituted its Audit, Nomination & Remuneration, and Stakeholder Relationship committees. The statutory auditor issued an unmodified limited review report.
Mixed read for shareholders – H1 PAT growth is favorable but the steep revenue decline, fresh quarterly loss, and negative operating cash flow suggest underlying business weakness. The proposed sale of the subsidiary to the promoter is a related-party transaction that will require shareholder approval and warrants close attention.