Please find enclosed outcome of Board Meeting.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Board approved audited standalone and consolidated financial results for Q4 and FY ended March 31, 2026. Consolidated revenue grew 15% to Rs 4,632 lakhs, but net profit dropped 43% to Rs 559.49 lakhs from Rs 978.95 lakhs in the prior year. The company declared a final dividend of Rs 0.25 per share. Auditors flagged that the company failed to register with EPFO despite mandatory requirements and did not make required gratuity provisions under Ind AS 19, causing net profit to be overstated. Operating cash flow turned sharply negative at Rs -2,475.88 lakhs, raising liquidity concerns despite higher short-term borrowings.
The 43% profit decline and negative operating cash flow are concerning for shareholders. The auditor's qualified opinion regarding non-compliance with EPFO and gratuity provisions creates additional risk of regulatory penalties and understates liabilities.