Announced Fri, 24 Jul · 17:26 IST
Q1 Results: Two Independent Directors Exit After Tenure Completion
Price
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Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Board approved Q1 FY27 results for quarter ended June 30, 2026. Revenue rose to Rs 1,259.58 lakh from Rs 1,244.74 lakh YoY, but net profit fell to Rs 74.10 lakh from Rs 90.04 lakh. EPS at Rs 9.80 versus Rs 11.91. Two Independent Directors, Mr Kiran M Patel and Mr Wolfgang Fuchs, completed their maximum two-term tenure and ceased to be directors. Audit and Nomination committees were reconstituted.
Likely market impact
Mixed results: revenue steady but profit down. Two independent directors exiting marks a notable board change requiring governance monitoring.