Outcome of the Board Meeting held on 12th August, 2025
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The Board approved unaudited financial results for Q1 FY26 (quarter ended 30 June 2025) on both standalone and consolidated basis. Total income stood at ₹20.65 lakhs, with actual revenue from operations being just ₹0.24 lakhs — almost all income (₹20.41 lakhs) came from 'other income'. Net profit was ₹14.24 lakhs (consolidated), up about 28% from ₹11.10 lakhs in the same quarter last year. Standalone EPS was ₹0.16. The auditor (Suresh & Associates) issued an unmodified review report with no qualifications. The Board also approved the 41st AGM notice, fixed 22 August 2025 as the record date, 18 September 2025 as the e-voting cut-off date, appointed a scrutinizer, and appointed M/s Rastogi Sunil & Associates as the new internal auditor for FY25-26.
Operationally, the company remains almost dormant — its core trading segment posted a loss of ₹1.94 lakhs and the entire profit is driven by other income rather than real business activity. The standalone books also show negative other equity (-₹185.93 lakhs), signalling accumulated past losses. Despite the profit growth headline, retail investors should note that earnings quality is weak and the business has not generated meaningful operating revenue.