Outcome for the Board Meeting
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Net sales jumped sharply to Rs 1,801.84 lakhs from Rs 598.48 lakhs in the same quarter last year, a roughly threefold increase driven by the Gujarat trading segment. However, profit after tax was almost flat at Rs 6.22 lakhs (vs Rs 6.97 lakhs), with basic EPS of Rs 0.02. The Board also approved the Director's Report for FY25, appointed Jayanta & Associates as Internal Auditor for FY26, appointed Chirag Shah & Associates as Secretarial Auditor for a five-year term (subject to shareholder approval), and scheduled the 33rd AGM for September 25, 2025 via video conferencing. The auditor flagged an emphasis of matter noting that the company's net worth is substantially eroded and that going concern status depends on management's continued financial support and new business opportunities.
Mixed signals for shareholders. The strong revenue growth is offset by stagnant profits and a serious going-concern flag from the auditor — the company's net worth was negative at about Rs (2,410) lakhs as of March 31, 2025. Investors should monitor whether management's plans to revive the business materialize, as the company's survival depends on continued financial support and new opportunities.