WE ARE SUBMITTING THE OUTCOME OF THE BOARD MEETING HELD ON 12TH AUGUST 2025 UNDER THE HEAD OUTCOME WITHOUT INTIMATION AS DATE OF MEETING IS NOT APPEARING IN THE DESIGNATED TAB FOR SELECTION. ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Salora International's board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Total income stood at Rs. 2,906.66 lakhs, down from Rs. 3,229.18 lakhs in the same quarter last year, with revenue from operations falling about 14% to Rs. 2,741.38 lakhs. Despite the revenue dip, the company swung to a small profit of Rs. 4.31 lakhs after tax compared to a loss of Rs. 38 lakhs a year ago. The statutory auditor O P Bagla & Co LLP issued a limited review report with an un-modified (clean) opinion. The board also finalized September 24, 2025 as the date for the FY25 Annual General Meeting and disclosed related party transactions with Devi Electronics Pvt. Ltd, including sale of finished goods worth about Rs. 1.82 crore.
The return to profitability in Q1 FY26 is a positive signal for shareholders, though the revenue decline and heavy accumulated losses (deferred tax assets of Rs. 22.15 crore rely on future profits for recovery) suggest the business is still fragile. Pending Supreme Court and Delhi High Court matters remain a contingent liability overhang.