Outcome of the Board Meeting held on 12th August, 2025
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Shalimar Productions' board approved the unaudited financial results for Q1 FY26 (quarter ended 30 June 2025), reporting revenue from operations of just Rs 0.02 lakh, down sharply from Rs 102.33 lakh in the same quarter last year. The company posted a net loss of Rs 52.03 lakh for the quarter, wider than the Rs 19.87 lakh loss in Q1 FY25. Total expenses stood at Rs 52.05 lakh against negligible income, with employee costs at Rs 8.99 lakh, depreciation at Rs 6.01 lakh, and other expenses at Rs 37.05 lakh. Paid-up equity capital is Rs 9,843.28 lakh with an EPS of Rs (0.01). The board also appointed Mr. Vikasjeet Singh as an Additional Director (Non-Executive, Non-Independent) and adopted the insider trading and fair disclosure codes. The statutory auditor issued an unmodified limited review report.
The near-zero quarterly revenue against a large equity base and continued losses raises concerns about the company's operating viability, though the new director addition and clean audit review provide limited comfort. Shareholders should watch for any improvement in revenue traction in coming quarters.