Nitco Limited has informed the Exchange regarding Board meeting held on February 12, 2026.
NITCO · price
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Nitco Limited's Board met on February 12, 2026 and approved the unaudited standalone and consolidated financial results for Q3 FY26 (quarter ended December 31, 2025). Standalone revenue from operations jumped to Rs. 13,117.76 lakhs in Q3 FY26 from Rs. 8,404.98 lakhs in Q3 FY25, while 9M FY26 revenue nearly doubled to Rs. 38,796.53 lakhs versus Rs. 21,883.96 lakhs a year ago. The company swung to a 9M FY26 profit before tax of Rs. 4,457.82 lakhs from a loss of Rs. 27,242.53 lakhs in 9M FY25; Q3 FY26 saw a loss of Rs. 661.34 lakhs against Rs. 18,558.48 lakhs loss last year. The Board also approved re-appointment of Mr. Vivek Prannath Talwar as Executive Chairman & Managing Director for 3 years from April 1, 2026 and cleared loans/guarantees of up to Rs. 100 crores to subsidiaries, associates, JVs or group entities, subject to shareholder approval via postal ballot. Key flagged items include a Rs. 17,000 lakhs ADGFT penalty (disputed in Bombay High Court with no provision made), Rs. 5,842 lakhs income from Alibaug land JDA, Rs. 400.13 lakhs one-time charge under the new Labour Code, and ongoing disposal of the Alibaug factory.
Mixed for shareholders – the turnaround to a 9M profit and sharp revenue growth are positives, but a Q3 loss, one-time Labour Code charge, ongoing regulatory penalty exposure and pending large asset sales (Kanjurmarg, Alibaug) keep risks elevated. Postal ballot items (MD re-appointment and related-party loans up to Rs. 100 cr) will need shareholder votes.