Enclosed is the Outcome of the Meeting held on August 14, 2025
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The Board of Orosil Smiths India Limited approved revised unaudited financial results for Q1 FY26 (quarter ended June 30, 2025) after correcting an error where additional premiums of Rs 4.73 lakhs paid on NCD investments were wrongly charged as expenses instead of being capitalized. A minor excess income correction of Rs 58,273 was also made. The revised Q1 shows total income of Rs 97.49 lakhs and a profit after tax of Rs 3.44 lakhs, a strong turnaround from Rs 4.99 lakhs income and Rs 13.58 lakh loss in Q1 FY25. The Board also fixed September 30, 2025 for the 31st AGM, set book closure from September 24-30, 2025, and approved re-appointment of Managing Director Mr. Bhushan Kumar Narula and Whole-time Director Mrs. Rita Narula for five-year terms.
Shareholders should note the positive operational turnaround with revenue surging from Rs 4.54 lakhs to Rs 87.87 lakhs year-on-year and the company returning to profitability. The restatement, while small in absolute terms, was disclosed voluntarily with auditor review, which is a positive governance signal. Investors with shares as of September 23, 2025 cut-off date can participate in e-voting from September 27-29, 2025.