OUTCOME OF BOARD MEETING.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Parvati Sweetners and Power Ltd reported a significant decline in FY 2025-26 performance with revenue falling to Rs 1,798.68 lakhs from Rs 5,356.95 lakhs in the previous year (65% decline). The company posted a net loss of Rs 1,304.93 lakhs compared to a profit of Rs 58.08 lakhs in FY 2024-25. The board approved an unmodified (clean) audit opinion and proposed acquisition of 51% stake in Vedshree Food Industries Private Limited for Rs 6 lakhs. This acquisition is a related party transaction as common directors and promoters exist between both companies. Vedshree operates in the renewable energy sector (Compressed Bio-Gas/CBG). The company also received a capital subsidy of Rs 648 lakhs from Madhya Pradesh Industrial Development Corporation.
The stock may face pressure due to severe revenue decline and net loss. However, the clean audit opinion and diversification into renewable energy through the Vedshree acquisition could provide long-term growth prospects despite near-term financial stress.