OUTCOME OF BOARD MEETING HELD ON 11.11.2025
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The Board approved unaudited Standalone and Consolidated financial results for Q2 and H1 FY26 (ended 30 September 2025). Standalone revenue from operations rose to Rs.47.69 lakh from nil a year ago, with net profit of Rs.2.98 lakh (vs Rs.2.18 lakh). Consolidated revenue jumped to Rs.36.67 crore (vs nil) and net profit surged to Rs.6.37 crore (vs Rs.0.22 crore), mainly due to first-time consolidation of newly acquired subsidiary Linga Agri Trading and Machinery Pvt Ltd (50.001% stake acquired in July 2025). The Board appointed Mr. Rama Nand Gupta as Additional Executive Director, accepted the resignations of CFO Rajesh Kumar Kakkar and Company Secretary Mohit Verma (both citing personal reasons, effective close of 11 Nov 2025), and appointed Ms. Diksha Tiwari as new Company Secretary from 12 Nov 2025. The statutory auditor issued an unqualified limited review report on both results.
The dramatic jump in consolidated numbers reflects the new subsidiary rather than organic growth, so investors should track the manufacturing and trading businesses separately. The simultaneous exit of the CFO and Company Secretary on the same day, while a new executive director and CS were appointed, is a notable governance churn that may briefly spook the stock, though replacements are already in place.