Outcome of the Board Meeting held on 08.11.2025
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The board approved unaudited financial results for Q2 FY26 (quarter ended Sept 30, 2025), with revenue from operations of ₹829.44 lakhs and a profit after tax of ₹2.37 lakhs, recovering from a loss of ₹33.08 lakhs in the same quarter last year. For the half year ended Sept 30, 2025, total income stood at ₹1,733.81 lakhs with a PAT of ₹14.21 lakhs, compared to a loss of ₹23.04 lakhs in H1 FY25. The board also noted the cessation of Mr. Dayaniwas Sharma as Non-Executive Independent Director (effective Aug 31, 2025), as he chose not to seek reappointment due to professional commitments at ICAI. In his place, Mr. Chandra Shekhar Agrawal, a chemical engineer and former President of the Andhra Pradesh Chambers of Commerce, has been appointed as an Additional Independent Director for a 3-year term, subject to shareholder approval. The statutory auditors (NAC and Associates LLP) issued an unqualified limited review report on the results.
The return to profitability compared to last year is a positive signal for shareholders, though sequential profit declined from ₹11.84 lakhs in Q1. The independent director change appears to be a routine succession with no governance red flags flagged.