Outcome of Board Meeting held on May 26, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 5.8 pts more than Nifty Microcap 250 and 5.8 pts more than its Non Banking Financial Company (NBFC) peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board of Directors approved the audited standalone financial results for Q4 and FY26 ending March 31, 2026. The company reported total income of Rs 90.04 lakhs for FY26, a significant decline from Rs 390.77 lakhs in FY25. The company incurred a loss before tax of Rs 496.19 lakhs and loss after tax of Rs 484.66 lakhs for FY26, compared to losses of Rs 495.12 lakhs and Rs 471.93 lakhs respectively in FY25. Operating cash flow was negative at Rs 145.42 lakhs. The Board also re-appointed Saji Mathew & Associates as Internal Auditors for 3 years and Mr. Yacob Pothumuriyil Ouseph as Secretarial Auditor for 5 years. The statutory auditors issued an unmodified (clean) opinion on the financial results.
The company continues to incur significant losses with substantial revenue decline of approximately 77% year-on-year. Negative operating cashflow and persistent losses are concerning for shareholders, though the clean audit opinion provides some comfort regarding financial statement accuracy.