Outcome of Board Meeting held on 14th August 2025
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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 the unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations stood at Rs 11.75 lakhs, sharply higher than Rs 0.75 lakhs in Q1 FY25. Profit before tax came in at Rs 7.83 lakhs, a turnaround from a loss of Rs 2.08 lakhs in the corresponding quarter last year. The statutory auditor, Suvarna & Katdare, issued an unmodified (clean) limited review opinion on the results. Separately, Mr. Kishore Kanhiyalal Jain resigned as CFO due to pre-occupation but continues as Whole Time Director; Mr. Jayesh Ramchandra Patil (20+ years' experience in finance, accounts, audit and taxation) was appointed as the new CFO effective 14 August 2025.
The sharp YoY jump in revenue and the swing from a loss to a profit suggest a meaningful improvement in the small advisory business, which is a positive signal for shareholders. The CFO transition appears orderly with an experienced replacement in place, though investors may watch for continuity in financial reporting given the small scale of operations.