Board approves Q1 results, 4 director appointments, Rs85cr land acquisition
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Board approved Q1 FY27 results: consolidated revenue Rs 1,308.57 cr, net profit Rs 45.58 cr. Appointed 4 directors: Sanjay Gupta as CMD, his son Rohan Gupta as WTD, Chakram Kumar Singh as Non-Executive Director, and Shruti Shrivastava as Independent Director. Also approved 100% acquisition of Tanwar Cargo Solutions (owns 9.956 acres land in Haryana) for Rs 85 crore cash, expected by Dec 31, 2026.
Promoter family now fully on board with father as CMD and son as WTD. Rs 85 cr cash for a land-only company with zero revenue in 3 years raises capital deployment questions.