Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that in the Meeting held ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved unaudited standalone financial results for Q1 FY26 (quarter ended 30 June 2025). Total income rose modestly to ₹208.91 lakhs from ₹201.84 lakhs YoY, driven by 12% growth in interest income to ₹154.56 lakhs. However, profit after tax fell sharply to ₹92.40 lakhs from ₹125.65 lakhs, and EPS declined to ₹1.41 from ₹1.92, mainly due to higher tax expense and lower fair value gains. Independent Director Mr. Samirkumar Kantilal Shah (DIN: 07215030) will complete his second and final term and cease to be a director from the close of the upcoming 34th AGM. The board also approved the reconstitution of the Nomination and Remuneration Committee, with three independent directors (Ashwinbhai Prajapati as Chairperson, Hirenkumar Soni, and Samsad Alam Khan) taking over post-AGM. The 34th AGM notice, Board's Report, and Corporate Governance Report for FY25 were also approved.
Short-term negative sentiment is likely due to the ~26% drop in Q1 net profit YoY despite stable income growth, while the ID exit is a routine planned succession with no governance concern. Existing promoter-family leadership (Harsh Dilipkumar Gandhi as Whole-Time Director) remains intact, and committee reconstitution maintains full independent oversight.