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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The company announced the resignation of Independent Director Mahabir Prasad Sharma effective June 1, 2026 due to health reasons, with Shri Ankur Mehta appointed as his replacement for a 5-year term subject to shareholder approval. The Board also approved audited financial results for FY2026 showing revenue of Rs. 14,162.20 Lakhs (up 2.2% YoY) and net profit of Rs. 274.25 Lakhs (up 2.6% YoY). The statutory auditor issued an unmodified opinion. The company raised Rs. 14.62 Crores via preferential issue in October 2025 with no deviation in fund utilization. Total related party transactions stood at Rs. 4,641.96 Lakhs. The company is investing in UHP tubes for semiconductor projects awaiting ISM 2.0 scheme details.
The director change is routine as the replacement was recommended by the Nomination Committee and poses no governance concern. Financial performance shows modest growth with no audit qualifications, though working capital management requires monitoring given negative operating cash flow of Rs. 2,136.85 Lakhs.