Please find attached Outcome of Board Meeting
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The board approved the unaudited standalone and consolidated financial results for Q3 FY26 (quarter ended December 31, 2025). Standalone Q3 revenue was Rs. 15.12 lakhs (up from Rs. 0.07 lakhs in Q3 FY25 on a tiny base), but nine-month revenue fell sharply to Rs. 45.58 lakhs from Rs. 100.42 lakhs a year ago. The company swung from a nine-month profit before tax of Rs. 50.51 lakhs in FY25 to a loss of Rs. (20.67) lakhs in FY26, with standalone PAT of Rs. (12.89) lakhs and consolidated PAT of Rs. (16.07) lakhs for the nine months. The Secretarial Auditor, Mr. Sharatkumar Shetty, resigned citing other professional commitments, effective February 14, 2026. The statutory auditor flagged an Emphasis of Matter on share forfeitures (due to unpaid call money) and a pending share-swap arrangement where counterparties failed to transfer shares, which may require investment reclassification and adjustments.
Continued losses and a steep drop in nine-month revenue point to operational weakness that may weigh on the stock. The auditor's emphasis of matter on share forfeitures and the unsettled share-swap deal adds governance and balance-sheet uncertainty, though the report itself is not qualified.