Outcome of the Board Meeting in terms of the provisions of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Awaiting price reaction for this filing.
The Board approved audited FY26 results showing revenue of Rs 33,854.37 Lakhs, up 24.4% from Rs 27,279.11 Lakhs in FY25, driven by the High Tension Insulators segment. However, the company reported a net loss of Rs 787.40 Lakhs (vs loss of Rs 179.98 Lakhs in FY25), indicating widening losses despite revenue growth. Exceptional items included a Rs 4,705.30 Lakh loss on sale of Hindusthan Speciality Chemicals Ltd subsidiary. The Board also approved a 2:1 bonus issue (1.44 crore new shares) and recommended Rs 0.50 per share dividend. Statutory auditors issued an unmodified (clean) opinion on the financial statements.
Positive signals include strong revenue growth and bonus issue enhancing liquidity for retail investors. However, persistent net losses and exceptional item losses are concerning for shareholders. The clean audit opinion provides some comfort on financial reporting quality.