Outcome of Board Meeting held on Today i.e. 29-05-2026
Awaiting price reaction for this filing.
The Board approved audited standalone and consolidated financial results for FY 2025-26 ending March 31, 2026. Standalone revenue declined to Rs. 42.05 lakhs from Rs. 56.57 lakhs in FY2025 (25.7% decline). Standalone PAT dropped sharply to Rs. 0.78 lakhs from Rs. 10.30 lakhs (92.4% decline). On consolidated basis, the company reported a net loss of Rs. 12.59 lakhs versus a profit of Rs. 0.98 lakhs in FY2025, largely due to a share of loss of Rs. 13.37 lakhs from associate Palco Metals Limited. The auditors issued an unmodified (clean) opinion. The board also appointed H M Kadeval & Associates as secretarial auditor for 5 years and Shweta Saparia as internal auditor for FY 2026-27.
The stock may see selling pressure due to significant revenue decline and a consolidated loss. The associate company's heavy losses are a concern for consolidated earnings going forward. However, the clean audit opinion and standalone profitability provide some comfort.