Outcome of Board Meeting dated 29.05.2026 for approval of Standalone Financial Results
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited standalone financial results for Q4 and FY ended March 31, 2026. Total income declined significantly to Rs 3,274.92 lakhs from Rs 4,650.28 lakhs in the previous year (approx 30% revenue decline). The company reported a loss before tax of Rs 737.78 lakhs compared to a profit of Rs 2,169.56 lakhs in FY 2024-25. Statutory auditors M/s Varma & Varma issued an unmodified (clean) opinion. The company also completed a rights issue of 34.2 lakh shares at Rs 19 per share and revalued its land and buildings under Ind AS 16, increasing their carrying value by Rs 8,600.57 lakhs. Internal auditors M/s Nimmy Michael & Associates were reappointed for FY 2026-27.
The sharp revenue decline and net loss are significant concerns for shareholders. However, the clean audit opinion and successful rights issue provide some comfort. The asset revaluation boosted equity to Rs 9,414.73 lakhs but is a non-cash adjustment. The stock may face near-term pressure due to operational losses.