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.
The Board of Directors approved the audited standalone financial results for Q4 and FY26 ended March 31, 2026. The company reported a significant decline in performance with total income falling to ₹235.79 lakhs from ₹328.04 lakhs in FY25, representing a 28% revenue decline. The company posted a net loss of ₹484.66 lakhs for FY26 compared to a profit of ₹157.97 lakhs in FY25. Operating cash flow was negative at ₹145.42 lakhs. The statutory auditors issued an unmodified (clean) opinion on the financial results. The Board also re-appointed M/s. Saji Mathew & Associates as Internal Auditors for 3 years and Mr. Yacob Pothumuriyil Ouseph as Secretarial Auditor for 5 years.
The company swung from profit to significant loss in FY26 with negative operating cashflows, which is concerning for shareholders. However, the clean audit opinion provides some comfort regarding financial statement reliability.