Outcome Of Board Meeting
Awaiting price reaction for this filing.
TMT India Ltd's board approved its unaudited financial results for Q1 FY26 (quarter ended 30 June 2025). The company reported zero revenue from operations and a net loss of Rs. 7.70 lakhs, compared to a loss of Rs. 7.25 lakhs in the same quarter last year. Total expenses stood at Rs. 7.70 lakhs, driven mainly by employee costs (Rs. 3.26 lakhs) and other expenses (Rs. 4.38 lakhs). The board also approved the appointment of M/s. Sayani & Associates as Secretarial Auditor for a five-year term, approved the Directors' Report for FY25, and cleared the notice for the 48th AGM. The statutory auditor issued an unmodified limited review report. A note flags that investments in 50,000 equity shares of Sree Rayalaseema Alkalies were illegally transferred by a third party and the matter is being pursued legally.
Negative for shareholders — the company continues to report zero operating revenue and quarterly losses, signalling no active business operations. However, the clean auditor review and ongoing legal recovery efforts on the illegally transferred shares may be modest positives.