Outcome of Board meeting as attached
Awaiting price reaction for this filing.
India Radiators' board approved unaudited Q1 FY26 results (quarter ended 30 June 2025). Total income stood at Rs. 1.60 lakhs vs Rs. 1.64 lakhs in Q1 FY25, essentially flat. However, total expenses surged to Rs. 65.25 lakhs from Rs. 24.13 lakhs YoY, driving a net loss of Rs. 58.45 lakhs (vs Rs. 17.64 lakhs loss in Q1 FY25) and an EPS of Rs. (6.49). The statutory auditor (DPY & Associates) issued an unmodified limited review report with no qualifications. The board also fixed the 75th AGM for 24 September 2025 via video conferencing, appointed M/s. KRA & Associates as Secretarial Auditor for 5 years (FY26–FY30), and Ms. Ramya Ganapathy as Internal Auditor for FY26.
The company remains in deep operational stress — expenses ballooned nearly 2.7x while revenue is negligible, and losses have widened sharply, with negative reserves of Rs. (127.03) lakhs as of March 2025. Shareholders should view this as a going-concern red flag; the stock is likely to remain under pressure unless revenue picks up significantly.