Please find enclosed outcome of Board meeting held today 13.08.2025.
Awaiting price reaction for this filing.
OTCO International's board approved unaudited standalone financial results for Q1 FY26 (quarter ended 30 June 2025). Revenue from operations rose to Rs. 9.03 thousand from Rs. 5.70 thousand in Q1 FY25, a sharp year-on-year jump of about 58%. The company swung to a pre-tax profit of Rs. 2.45 thousand from a loss of Rs. 0.41 thousand a year ago, while profit after tax came in at Rs. 2.95 thousand versus Rs. 2.45 thousand. The auditor (B.N. Misra & Co) issued an unqualified limited review report with no qualifications or emphasis-of-matter items. The board fixed the 44th AGM for 22 September 2025, accepted the resignation of Independent Director Mr. Shaine Sunny and appointed Mr. Alok Dash as Additional Independent Director, reappointed Ms. Bagyalakshmi Thirumalai as whole-time director, and appointed a Secretarial Auditor and Scrutinizer. The board also explored plans to develop its 4.26-acre land parcel at Velanur, Avadi.
For shareholders, the Q1 results show the small-cap company returning to profitability with strong revenue growth, though absolute numbers remain negligible. The proposed land development at Velanur could be a value-unlocking event worth tracking, while the change in independent directorship warrants governance attention.