Annual Report FY26: revenue up sharply, new auditor appointed
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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Board approved FY26 Annual Report and 35th AGM notice on Sept 4. Revenue surged to Rs 12,879 lakhs from Rs 3,117 lakhs last year, but net profit plunged to Rs 10.45 lakhs from Rs 176.57 lakhs. Company issued 35.69 crore equity shares via a 5:1 rights issue. Sweta Jain resigned as statutory auditor; Nirav S Shah appointed in his place. No dividend recommended. New Managing Director Arvind Parmar took charge in October 2025.
Revenue scaled sharply but margins compressed to near zero. No dividend. New auditor and MD signal governance reset. Share count up sharply post rights issue.