Outcome of the Board Meeting held on 14th August,2025
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The board approved the unaudited financial results (standalone and consolidated) for Q1 FY26 (quarter ended 30 June 2025). On a standalone basis, total income rose to Rs. 118.22 lakh (up from Rs. 89.40 lakh in Q1 FY25, a ~32% jump), while profit for the period surged to Rs. 73.31 lakh from Rs. 35.51 lakh. On a consolidated basis, total income grew to Rs. 103.86 lakh but profit for the period fell sharply to Rs. 7.07 lakh from Rs. 16.18 lakh, pulled down by a Rs. 51.88 lakh loss at subsidiary Sea King Club Pvt Ltd. The board also approved the 33rd AGM notice, book closure dates, e-voting, and appointment of M/s. SG Associates as Secretarial Auditor for 5 years (FY26–FY30). Three independent directors were re-appointed for a second 5-year term, and Chairman Padamshi Soni's remuneration for 3 years was approved, subject to shareholder approval.
Strong standalone performance with profits more than doubling year-on-year is positive, but the consolidated picture is weaker due to subsidiary losses, which is worth monitoring. The approval of Chairman remuneration and multiple director re-appointments are routine governance items and are subject to shareholder vote at the upcoming AGM.