Please find attached outcome of Board Meeting held on July 25, 2025.
Awaiting price reaction for this filing.
The Board approved unaudited standalone and consolidated results for Q1 FY26. On a consolidated basis, the company swung to a profit after tax of ₹656.33 lakh from a loss of ₹8,334.86 lakh a year ago, aided largely by a reversal of impairment on financial assets (₹1,129.95 lakh credit vs ₹5,414.40 lakh charge in Q1 FY25). Total revenue from operations, however, fell about 20% year-on-year to ₹8,593.12 lakh, with interest income declining from ₹7,948.33 lakh to ₹6,099.12 lakh. On a standalone basis, the company continued to post a loss of ₹1,080.29 lakh, wider than ₹792.66 lakh in the year-ago quarter. The Board also recommended the re-appointment of Mr. Prem Prakash Mirdha as Independent Director for two years and the appointment of M/s. Sukesh & Co. as Secretarial Auditor for FY26–FY28. The proposed composite amalgamation with Yaari Digital Integrated Services remains pending, with the next NCLT hearing scheduled for August 7, 2025.
The headline swing to consolidated profit is largely driven by an impairment reversal rather than core business improvement, with revenues still declining and the standalone entity continuing to report losses – investors should watch for sustained recovery. The pending NCLT-approved amalgamation with Yaari Digital remains a key event-driven overhang.