Outcome of 306 Board meeting dated 07 February 2026.
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The board approved the unaudited financial results for the quarter and nine months ended 31 December 2025. Revenue from operations for Q3 FY26 came in at about Rs. 4,160 lacs, a very sharp jump from the very low base seen in the year-ago quarter. Despite this revenue surge, the company stayed in the red with a Q3 FY26 net loss of around Rs. 33 lacs and a 9M FY26 loss of about Rs. 121 lacs, though losses narrowed versus the prior-year period. The statutory auditor (OP Bagla & Co LLP) issued a clean, un-modified limited review opinion, and the company disclosed related-party transactions during the period, mainly sales to Devi Electronics Pvt. Ltd. A pending Supreme Court SLP on an old matter and a deferred tax asset of Rs. 2,258 lacs were also noted, with management expecting gradual recovery from new business strategies.
Strong revenue growth is a positive signal, but persistent losses mean the stock remains a turnaround bet rather than an earnings story; the clean audit opinion and narrowing losses offer some comfort, though the related-party dealings warrant investor attention.