Outcome of Board Meeting held on Thursday, 12th February, 2026
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q3 FY26 (quarter ended 31 Dec 2025) and the nine months ended 31 Dec 2025. For 9M FY26, total revenue stood at Rs 18.57 lakhs versus Rs 30.00 lakhs in 9M FY25, a sharp decline of around 38%. The company swung from a profit of Rs 20.17 lakhs to a loss of Rs 23.02 lakhs, with employee and other expenses rising significantly. Q3 standalone revenue was Rs 8.20 lakhs with a loss of Rs 4.71 lakhs. The Board also accepted the resignation of Mr. Kumarappan Palaniappan as Managing Director citing personal reasons and appointed Mr. Senthil Kumar Bellan as the new Managing Director, while re-inducting Mr. Palaniappan as a Non-Executive Independent Director.
The sharp revenue decline and swing to losses may weigh negatively on the stock, though the change in leadership with an experienced CFO-type appointment could attract investor attention. Pay equity capital has also expanded to Rs 970 lakhs from Rs 300 lakhs previously, indicating a dilution that existing shareholders should note.