Outcome of 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 standalone financial results for Q2 and H1 FY26 ended 30 September 2025. Revenue from operations for Q2 stood at Rs. 2,106 lakh, down about 4% from Rs. 2,191 lakh a year ago, while H1 revenue declined to Rs. 4,482 lakh from Rs. 4,596 lakh. Profit after tax for Q2 improved to Rs. 17.68 lakh from a small loss earlier, and H1 PAT rose roughly 22% to Rs. 196 lakh. The board declared an interim dividend of Rs. 0.80 per share (face value Rs. 10), with record date fixed as 20 November 2025. The auditor flagged an emphasis of matter regarding the ongoing dispute over cancellation of the Indore hotel lease by the IDA (since 2017), with compounding/eviction proceedings still pending, while the company continues on a going concern basis.
Shareholders get a steady Rs. 0.80/share interim dividend, but the lease cancellation case on the core Indore property remains a key overhang, and borrowings have nearly doubled to fund heavy capex (capital work-in-progress up sharply), pushing debt well above equity. Investors should watch for the IDA compounding order and monitor margin pressure as costs rise faster than revenue.