The Board of Director in its meeting held on 13th August 2025 have interalia approved various matters including holding of AGM on 30th September, 2025
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The Board of Directors met on 13th August 2025 and approved several items, including the unaudited financial results for Q1 FY26 (quarter ended 30th June 2025). Revenue from operations rose to ₹123.17 lakhs from ₹89.24 lakhs in the same quarter last year, a growth of about 38%. However, the company continued to post a loss, with profit after tax at (₹40.73 lakhs) versus (₹40.38 lakhs) in Q1 FY25. For the full financial year ended 31st March 2025, the company reported a loss of ₹269.07 lakhs. The Board also appointed Mr. Mehul Jadavji Shah as Managing Director for a five-year term starting 13th August 2025, notably without any remuneration. D. Kothari and Associates was re-appointed as Secretarial Auditor for FY 2025-26, and the 77th Annual General Meeting was scheduled for 30th September 2025. The statutory auditors (Mittal & Associates) issued a clean limited review report with no qualifications.
The strong revenue growth is a positive sign, but persistent losses and a weak full-year FY25 result (-₹269 lakhs) indicate ongoing profitability challenges. The appointment of an MD without remuneration is cost-friendly but does not change the underlying business outlook. Short-term stock impact is likely neutral; investors should watch for sustained improvement in margins and a return to profitability.