Board meeting outcome
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.3 pts more than Nifty Microcap 250 and 0.9 pts more than its Other Financial Services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025). Standalone revenue from operations fell sharply to Rs. 45.63 crore from Rs. 109.81 crore in Q1 FY25, a drop of about 58% year-on-year. Profit after tax also declined to Rs. 1.13 crore from Rs. 4.35 crore, with EPS at Rs. 1.38 vs Rs. 5.28 a year ago. The statutory auditor issued an unqualified opinion on both sets of results. The board also reappointed Mr. Pavan Kumar Kavad as Managing Director for another 5 years, appointed Ms. Rashmi Surana as an Independent Director, accepted the resignation of Company Secretary Ms. Nithyasree P G, and approved a new ESOP Scheme 2025 covering 4,34,200 options. The 30th AGM is fixed for 9 September 2025, with 2 September 2025 as the record date for the FY25 dividend.
Sharply lower revenue and profits signal weak quarterly performance that may weigh on short-term investor sentiment, though the unqualified audit opinion and continuity of management provide some stability. Shareholders should watch for FY25 dividend declaration at the upcoming AGM.