Outcome of Board Meeting for FY 2026-27 dated 29.05.2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Nihar Info Global Ltd reported strong turnaround for FY 2026 with standalone revenue of Rs 1,501.97 Lakhs (up 211% from Rs 483.03 Lakhs) and consolidated revenue of Rs 2,169.12 Lakhs (up 181% from Rs 772.60 Lakhs). The company returned to profitability with standalone net profit of Rs 53.94 Lakhs versus a loss of Rs 364.31 Lakhs in the prior year, and consolidated net profit of Rs 68.70 Lakhs versus a loss of Rs 356.86 Lakhs. Key management changes include resignation of CFO Ms. Pujitha Gudipudi and Company Secretary Mr. Bhogaraju Hemanth Kumar (both citing personal commitments), with Ms. Anuja Agrawal appointed as new CFO from May 30, 2026. The company also approved availing ECLGS 5.0 credit facility from Axis Bank and partnerships with Augmont, SafeGold and MMTC-PAMP for digital gold/silver sales through goldnsilver.shop. Statutory auditors Bhargavi Priya and Associates issued an unmodified (clean) opinion on the financial statements.
The company shows dramatic recovery with revenue tripling and return to profit after prior year losses. However, negative operating cash flow of Rs -211.82 Lakhs despite profitability signals working capital stress. The management reshuffle (CFO and Company Secretary resigning same day) may raise concerns about internal stability.