Please find attached outcome of Board Meeting held on July 25, 2025
Awaiting price reaction for this filing.
Indiabulls Enterprises' board approved its unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a consolidated basis, revenue from operations fell to ₹13.16 crore from ₹14.88 crore a year ago, and the company posted a net loss of ₹5.73 crore versus a ₹3.39 crore loss in Q1 FY25; standalone net loss narrowed to ₹3.08 crore from ₹5.18 crore in the preceding quarter. Segment-wise, equipment renting brought in ₹10.68 crore while financing contributed ₹3.61 crore, and real estate was nil. Whole-time Director Vijay Kumar Agrawal resigned citing personal reasons and will be replaced by Riyaz Javed Khan (41, from the Indiabulls Group) for a 5-year term, subject to shareholder approval. M/s. Sukesh & Co. was recommended as the new Secretarial Auditor for FY 2025-26 to FY 2027-28. The board also noted the ongoing NCLT scheme of amalgamation involving Dhani Services and Yaari Digital, with the next hearing scheduled for August 7, 2025.
Quarterly results show continued losses but a sharp QoQ improvement versus Q4 FY25's ₹119 crore consolidated loss; nevertheless, revenue is still declining YoY and the stock may react negatively until the company returns to profitability. The director change is routine and internal, but the pending NCLT amalgamation remains a meaningful catalyst to watch for shareholders.