Outcome of Board Meeting
Awaiting price reaction for this filing.
The Board approved unaudited financial results for the quarter and nine months ended 31 December 2025, which carried a clean Limited Review Report from the auditors with no adverse comments. Revenue from operations declined to Rs. 5.97 lakh in Q3 FY26 from Rs. 6.89 lakh in Q3 FY25, while the company reported a net loss of Rs. 6.92 lakh versus a Rs. 317.13 lakh loss a year ago, which had included a one-time exceptional impairment of Rs. 320.78 lakh. For the nine-month period, the loss narrowed sharply to Rs. 10.88 lakh from Rs. 236.63 lakh previously. A key structural change is the loss of the amusement park segment in Kanpur after the municipal authority took over possession on lease expiry, with related assets treated as unserviceable and impaired. The Board also accepted the resignation of Company Secretary Mr. Ramesh Chandra Panday and appointed Ms. Khushi Garg in his place from 9 February 2026.
Loss-making results persist and the loss of the entertainment segment removes a revenue stream, but the sharp narrowing of losses and a clean auditor opinion are mildly positive signals for existing shareholders. Investors should watch for any further one-time write-offs and whether the trading and 'others' businesses can offset the gone amusement park income.