OUTCOME OF BOARD MEETING HELD ON 12TH AUGUST, 2025
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The Board approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025). Standalone total income rose to Rs. 94.98 lakhs from Rs. 66.53 lakhs in the same quarter last year, while net profit stood at Rs. 22.03 lakhs (vs Rs. 19.82 lakhs YoY), translating to an EPS of Rs. 0.22. The Solar Power Generation segment contributed Rs. 37.63 lakhs in revenue and Rs. 23.81 lakhs in segment profit, offsetting a small loss in the core Technical Services/Consultancy segment. The Board appointed M/s Soniya Gupta & Associates as Secretarial Auditor for a 5-year term (FY26–FY30) and reconstituted the Audit, Nomination & Remuneration, and Stakeholders Relationship Committees. The notice of the 36th AGM was also approved.
Mixed quarter for shareholders: revenue growth is healthy on the back of the new solar power business, but standalone profit before tax dipped year-on-year and the company continues to carry negative other equity (standalone Rs. -797.97 lakhs, consolidated Rs. -2221.06 lakhs), signalling accumulated losses. The pending Capital Reduction Scheme at NCLT and the SBEC Sugar open offer obligation remain key items to watch, but no major negative governance event was disclosed in this filing.