Pursuant to Regulations 30 and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('SEBI LODR'), please be informed that the Board of Directors of the Company ....
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The Board of Directors approved the un-audited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025). On a standalone basis, revenue from operations stood at Rs. 35.36 lakhs, up about 37% from Rs. 25.74 lakhs in Q1 FY25, but the company reported a net loss of Rs. 18.33 lakhs compared to a loss of Rs. 43.30 lakhs in the same quarter last year. On a consolidated basis, revenue was Rs. 14.63 lakhs with a net loss of Rs. 18.75 lakhs. The auditor flagged an Emphasis of Matter regarding Rs. 13.30 crores received from Prime Mall Developers (a partnership firm where the company is a 50% partner) in 2007, which continues to sit as a current liability amid an ongoing partner dispute and sub-judice arbitration at the Madras High Court. The Board also approved an alteration of the Main Object clause of the Memorandum of Association to add trading, import/export, and securities dealing businesses, subject to shareholder approval.
Losses narrowed year-on-year but the company remains unprofitable with very small revenue base. The unresolved Rs. 13.30 crore disputed liability and pending litigation remain a key overhang. The proposed diversification of business scope through the MoA amendment could be a positive if approved by shareholders, but execution risk is high given current operational scale.