Outcome of the meeting of the Board of Directors
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Ramgopal Polytex reported its Q1 FY26 (quarter ended June 30, 2025) unaudited results on July 28, 2025. Revenue from operations fell sharply to Rs. 23.50 lakhs, down from Rs. 87.27 lakhs in the same quarter last year — a decline of roughly 73%. Total expenses surged to Rs. 112.07 lakhs, largely driven by a one-time provision of Rs. 70 lakhs towards Goods & Service Tax credits. The company swung to a loss before tax of Rs. 68.02 lakhs versus a marginal profit of Rs. 0.28 lakhs in Q1 FY25, with EPS of Rs. (0.47). Other equity stands negative at Rs. (319.78) lakhs, indicating accumulated losses exceeding share capital. The statutory auditors issued an unqualified limited review report. The board also approved the appointment of Nishant Ranka as Independent Director, noted the end of Panna Lal Jyotshi's second term, reconstituted committees, and fixed the 44th AGM for September 30, 2025 via video conferencing.
Negative for shareholders — steep revenue drop and a sizable quarterly loss driven by a large GST provision point to weak operational performance and stress on the balance sheet (negative other equity). Director changes are routine with no governance red flags raised.