This is to inform you that pursuant to Regulation 30 and Regulation 33 of the Listing Regulations, the Board of Directors, at its meeting held today i.e. on Monday 10th November, 2025, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.5 pts more than Nifty Microcap 250 and 5.5 pts more than its Trading & Distributors peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
Nirav Commercials, a single-segment aluminium products manufacturer, posted H1 FY26 net sales of ₹5.08 Cr vs ₹4.68 Cr last year, a modest 8% rise. Total expenses jumped to ₹5.45 Cr from ₹4.75 Cr, pushing the company into a small pre-tax loss of ₹(0.14) Cr and a post-tax loss of ₹(0.01) Cr against a profit of ₹0.02 Cr a year ago. Operating cash flow turned negative at ₹(0.12) Cr and closing cash & equivalents slipped to ₹(0.09) Cr, indicating a temporary cash overdraft. The statutory auditor issued a qualified review report because gratuity and leave encashment provisions were made on an estimated basis and not as per actuarial valuation required by Ind AS 19, with the impact on profit being unascertainable.
Despite slightly higher revenues, the company slipped into a marginal loss and its cash position turned negative, weakening short-term financial health. Shareholders should note the auditor's qualified opinion on actuarial provisions and the negative operating cash flow as watchpoints going forward.