Please find the attached outcome of the Board Meeting held on July 25, 2025.
Awaiting price reaction for this filing.
The Board of Indiabulls Enterprises 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 Rs 13.16 crore from Rs 14.88 crore in the year-ago quarter, and the company posted a wider net loss of Rs 5.73 crore versus Rs 3.39 crore previously. Total expenses rose to Rs 21.30 crore, driven by higher other expenses and finance costs. The equipment renting segment (Rs 10.68 crore revenue) was the main contributor but continued to post losses. On the management front, Whole-Time Director Mr. Vijay Kumar Agrawal resigned citing personal reasons, and Mr. Riyaz Javed Khan (DIN 09643848), a 14-year Indiabulls group veteran, has been recommended as Executive Director for a 5-year term. M/s. Sukesh & Co. has been recommended as Secretarial Auditor for FY 2025-26 to 2027-28. The ongoing NCLT scheme of amalgamation involving Dhani Services and Yaari Digital remains pending, with the next hearing scheduled for August 7, 2025.
Shareholders should note the continued widening of losses and shrinking top-line, which signals ongoing operational stress. The leadership change is being managed smoothly with an internal promotion, while the NCLT amalgamation outcome remains a key overhang that could materially reshape the company.