OUTCOME OF BOARD MEETING
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company reported a net loss of Rs. 44.99 lakhs for FY 2025-26, a sharp reversal from a profit of Rs. 62.84 lakhs in the previous year. Revenue from operations was Rs. 234.99 lakhs with total income of Rs. 279.26 lakhs. Total expenses rose significantly to Rs. 308.11 lakhs. The auditors issued an unmodified (clean) opinion on the financial statements. Three Independent Directors – Mrs. Shakuntla Panna Dassani, Mr. Rajkishan Shamboonarayan Singh, and Mrs. Rajeshwari Kiran Kulkarni – resigned from the board effective 26th May 2026, citing other preoccupations and time-bound commitments.
The company swung from profit to loss in one year, indicating deteriorating financial performance. The resignation of all three independent directors raises governance concerns and may signal instability in board oversight. The stock could face negative sentiment due to the loss and board-level changes.