62nd Annual General Meeting of the Company to be held on Thursday, September 25, 2025 through Video Conferencing/Other Audio-Visual Means
NATIONSTD · 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 of Directors of National Standard (India) Limited, a Lodha Group entity, met on July 17, 2025 and approved two key items: (1) the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) with a limited review report from MSKA & Associates, and (2) convening the 62nd Annual General Meeting on Thursday, September 25, 2025 at 3:00 p.m. via Video Conferencing. For Q1 FY26, the company reported total income of ₹433.71 lakhs (down from ₹463.61 lakhs in Q1 FY25) and net profit of ₹98.68 lakhs (down sharply from ₹264.26 lakhs in Q1 FY25), with EPS of ₹0.49 versus ₹1.49. There was no revenue from operations this quarter. The auditor issued an unmodified review conclusion. The filing also references a previously approved (July 30, 2024) Scheme of Merger by Absorption with Lodha Developers Limited (formerly Macrotech Developers), which is pending necessary approvals.
For shareholders, the AGM date is now confirmed, and the Q1 results show a meaningful decline in profitability year-on-year driven by higher other expenses and the absence of operational revenue. The ongoing proposed merger with Lodha Developers remains a key event to watch, as it could materially affect shareholding and listing status.