Board approves Q1 results, auditor and director re-appointments, share capital hike
NECCLTD · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Board approved Q1 FY27 results: revenue Rs 75.58 cr (up about 9 percent YoY from Rs 69.10 cr), net profit Rs 2.01 cr (up about 13 percent YoY). Also re-appointed statutory auditor Nemani Garg Agarwal and Co. and two directors (CMD and Whole-time Director) for 5 years each. Authorised share capital to rise from Rs 110 cr to Rs 150 cr. Auditor flagged that no provision was made for doubtful debts and that debit and credit balances are subject to confirmation.
Modest profit growth, routine re-appointments; share capital hike hints at future fundraising; auditor flag on doubtful debt provisioning is a minor governance watchpoint.