Outcome of Board Meeting
Awaiting price reaction for this filing.
The board approved unaudited Q1 FY26 results (quarter ended 30 June 2025). Total income was Rs 1.60 lakh (vs Rs 1.64 lakh in Q1 FY25), essentially flat, while total expenses surged to Rs 65.25 lakh (vs Rs 24.13 lakh in Q1 FY25), driven mainly by a sharp rise in other expenses (Rs 44.46 lakh) and finance costs (Rs 20.79 lakh). Net loss widened sharply to Rs 58.45 lakh (vs Rs 17.64 lakh loss in Q1 FY25), with EPS at Rs (6.49). The statutory auditors (DPV & Associates) issued an unqualified limited review report. The board also fixed the 75th AGM for 24 September 2025, appointed M/s KRA & Associates as Secretarial Auditor for 5 years (FY26–FY30), and appointed Ms. Ramya Ganapathy as Internal Auditor for FY26.
The company continues to post widening losses with expenses far outstripping negligible operating income, and reserves remain negative at Rs (127.03) lakh, raising serious going-concern concerns for shareholders despite the clean auditor review. Investors should view the appointment of new auditors and the AGM notice as routine administrative items; the financial deterioration is the key concern.