In terms of Regulation 30 & 33 of SEBI (LODR) Regulations, 2015, this is to inform that the Meeting of the Board of Directors of the Company was held today on 12th August, 2025, Tuesday ....
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Awaiting price reaction for this filing.
Rapid Investments Ltd's board met on August 12, 2025 and approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025), reporting total income of about Rs. 55.02 lakh and net profit of Rs. 15.85 lakh (EPS Rs. 1.50), a sharp rise from Rs. 3.03 lakh in the same quarter last year. The board also approved the Director's Report, 47th AGM notice, and fixed the AGM for September 29, 2025 via video conferencing, with book closure from September 22 to 29, 2025. Mr. Neel Kumar Jain was appointed as Internal Auditor for FY26 and Mr. Pankaj S. Desai as Secretarial Auditor for a five-year term (FY26–FY30). Mrs. Nina Ranka was recommended for re-appointment as Director, retiring by rotation.
Strong year-on-year earnings jump is positive, but the auditor flagged an Emphasis of Matter on Rs. 82.55 lakh of recoverable amounts from Veritas Buildtech Pvt Ltd with no provision made, signalling asset-quality risk worth watching. Routine governance updates like AGM calendar and auditor appointments have no immediate stock-price impact.