Outcome of Board Meeting held on 13.08.2025.
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The Board approved standalone and consolidated unaudited financial results for the quarter ended 30 June 2025, along with a clean limited review report from auditor S.C. Dewan & Co. On a standalone basis, revenue from operations fell sharply to Rs 647.22 lakh from Rs 1,376.04 lakh in the same quarter last year (a drop of roughly 53%), but net profit actually rose to Rs 36.26 lakh from Rs 14.10 lakh thanks to lower material costs and reduced other expenses. On a consolidated basis, the company swung from a net loss of Rs 1,126.36 lakh to a net profit of Rs 4,648.29 lakh, but this was almost entirely driven by an unreviewed Rs 4,612.03 lakh share of profit from its associate SAB Udyog Ltd. The Board also fixed the AGM for 30 September 2025 and appointed Ms. Priya Garg as Managing Director and Mr. Taavissh Jain as Additional (Non-Executive) Director, both family members of Chairman Rajinder Kumar Garg, subject to shareholder approval.
Standalone numbers look mixed with weak top-line but improved profitability, while the consolidated profit is heavily dependent on the associate's contribution and therefore less reliable. The induction of the Chairman's daughter as Managing Director and grandson as Director is a clear related-party governance development that shareholders will need to evaluate at the AGM.