OUTCOME OF BOARD MEETING
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The board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), showing total revenue from operations of nil versus ₹1.18 lakh in the year-ago quarter. The company slipped into a loss of ₹5.70 lakh for the quarter, compared to a small profit of ₹0.54 lakh in Q1 FY25. Total expenses stood at ₹5.70 lakh, leading to a loss per share of ₹0.08. The board also approved the draft Board's Report and AGM notice for the 35th Annual General Meeting scheduled for September 16, 2025. Mr. Yugank Gadi was redesignated as Chairman & Non-Executive Independent Director, while Mr. Rajeev Agarwal moved from Chairman & Executive Director to Executive Director.
The shift from a marginal profit to a loss, combined with zero operating revenue, signals weak business activity for shareholders. The leadership reshuffle does not change executive control but may be relevant for governance perception.