Pursuant to Regulations 30 and 33 of the Listing Regulations, we hereby state the outcome of the Board Meeting held today i.e., on Friday, the 14th November 2025 as under: - 1. Approved ....
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 approved unaudited financial results for Q2 and H1 FY26 (ended 30 Sep 2025) and proposed renaming the company from Nidhi Granites Limited to NGL Limited, subject to shareholder and MCA approvals. On a standalone basis, the original granite business shows zero revenue and a net loss of Rs. 32.89 lakh in Q2 (loss of Rs. 60.98 lakh in H1 FY26). The group picture is very different on a consolidated basis: revenue grew to Rs. 1,318 lakh in Q2 (up ~9% YoY) and Rs. 3,299 lakh in H1 (up ~54% YoY), driven by the Paper & Paperboard and the newly acquired Financial Technology segment (Paynov8 Pvt Ltd, formerly Auro Fintech). Consolidated net profit jumped to Rs. 129 lakh in Q2 (up ~17%) and Rs. 353 lakh in H1 (up ~91%), with EPS of Rs. 1.61 for the quarter. Auro Fintech was acquired on 1 April 2025 for Rs. 60.57 lakh and renamed Paynov8 in October 2025.
For shareholders, the consolidated numbers show strong growth from acquisitions, but the standalone granite business is currently loss-making and inactive, making the stock essentially a play on the group's paper, garments and fintech subsidiaries. The proposed rename to 'NGL Limited' signals the company wants to distance itself from its granite origins. The H1 results are positive on a group basis, but the standalone loss and lack of operating revenue at the parent level are red flags worth noting.