Outcome of Board Meeting held on 29th May 2026 in accordance with SEBI (Listing and Obligations and Disclosure Requirements) Regulations, 2015
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nidhi Granites Limited's Board Meeting on 29th May 2026 approved standalone and consolidated audited financial results for FY 2025-26. The standalone results show a net loss of Rs. 126.56 lakhs compared to a net profit of Rs. 101.32 lakhs in the previous year, with revenue remaining flat at Rs. 17.48 lakhs. However, consolidated results tell a much stronger story with revenue growing 44% to Rs. 6,520.44 lakhs and net profit surging 300% to Rs. 767.77 lakhs from Rs. 191.85 lakhs, driven by the newly acquired subsidiary Paynov8 Private Limited (formerly Auro Fintech). The auditors issued an unmodified (clean) opinion. The Board also re-appointed M/s. Jogin Raval & Associates as Statutory Auditors for 5 years and re-appointed two Independent Directors - Mr. Amit Sinkar and Mr. Amit Patankar for 5-year terms each.
The stock shows a stark divergence between standalone and consolidated financials. While the standalone business is loss-making, the group-level performance is strong with 300% PAT growth. The clean audit opinion and positive consolidated cash flow from operations (Rs. 5.92 lakhs standalone) are positives. Shareholders should focus on consolidated results for a true picture.