Enclosed is the Outcome of Board Meeting held on July 25, 2025
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Orosil Smiths India Limited held a board meeting on July 25, 2025 where it approved three key items: (1) the Director's Report for FY ended March 31, 2025; (2) unaudited financial results for Q1 FY26 ended June 30, 2025; and (3) the appointment of Mr. Deepankar Jain as Additional Non-Executive Independent Director for a 5-year term. Revenue from operations for Q1 FY26 stood at Rs 87.87 lakhs, sharply higher than Rs 4.54 lakhs in Q1 FY25. Net loss narrowed to Rs 0.71 lakhs from Rs 13.58 lakhs in the year-ago quarter. The date of the Annual General Meeting was not finalised and has been deferred to the next board meeting. The statutory auditor (DMARKS & Associates) issued an unmodified limited review report on the results.
The sharp year-on-year jump in Q1 revenue is encouraging, though the company remains in a marginal loss position. Shareholders should note the new independent director addition strengthens board governance, while the deferred AGM date means key shareholder events (notice, voting) will be decided later.