Appointment of Mr.Suresh Kumar Bothra as an Additional Executive Director for 5 years, subject to Shareholders approval
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Awaiting price reaction for this filing.
PBA Infrastructure's board met on August 13, 2025 and approved unaudited Q1 FY26 results, the 51st AGM notice (September 27, 2025), and a record date of September 20, 2025. Revenue from operations fell sharply to Rs. 686.49 lakhs from Rs. 1,244.88 lakhs in Q1 FY25, and the company swung to a net loss of Rs. 34.86 lakhs versus a profit of Rs. 18.54 lakhs YoY, with EPS at -0.26. The board appointed Mr. Suresh Kumar Bothra (age 85, ex-President of PBA with 50+ years in banking) as Additional Executive Director for 5 years, subject to shareholder approval, and reappointed JC Associates as Secretarial Auditor for FY2025-26 to 2029-30. The auditor issued a qualified review report flagging Rs. 286.47 crore overdue to lenders under SARFASEI, NPA classification, non-recognised interest since January 2018, and a material going-concern uncertainty. Reserves stood deep in the red at -Rs. 12,826.25 lakhs.
Negative near-term sentiment is likely given the steep revenue drop, return to losses, and auditor's fresh going-concern warning on already-strained loan defaults. The veteran banking appointment may be read as an attempt to strengthen lender-facing leadership, but shareholder approval at the September AGM will be the key checkpoint to watch.