Outcome of Board Meeting held on 14th February, 2026.
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The Board approved unaudited standalone financial results for Q3 FY26 (quarter ended 31-Dec-2025) and nine months ended the same date. For Q3 FY26, revenue from operations was Rs. 58.81 crore with total income of Rs. 59.79 crore, profit before tax of Rs. 3.03 crore and net profit of Rs. 2.66 crore (basic EPS Rs. 4.85). For 9M FY26, revenue from operations was Rs. 163.42 crore and net profit Rs. 6.09 crore (EPS Rs. 11.14), indicating a meaningful slowdown compared to the corresponding prior year period where 9M revenue was about Rs. 283.76 crore and PAT about Rs. 12.02 crore. The statutory auditors (Parikh & Majmudar) issued a clean limited review report with no qualifications. The Board separately approved the re-appointment of Mr. Sanjivkumar N. Patel as Chairman & Managing Director for a further 3 years (20-May-2026 to 19-May-2029) at a monthly salary of Rs. 5.50 lakh plus perks, subject to shareholder approval via postal ballot, and also approved the revised Code of Conduct for Insider Trading and Fair Disclosure of UPSI effective 14-Feb-2026.
The sharp YoY decline in both 9M revenue (around 42%) and 9M profit (around 49%) compared to the prior year is the key negative for shareholders and likely to weigh on near-term sentiment. The 3-year MD re-appointment provides continuity but does not offset weak operating numbers, while the insider trading code update is a routine compliance matter with no financial impact.