Approved the un-audited financial results for the 1st quarter ended June 30, 2025.
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The Board approved unaudited financial results for Q1 FY26 (ended June 30, 2025). The company reported total revenue of Rs. 12.00 lakhs, entirely from 'Other Income' as there were no sales from operations. Total expenses stood at Rs. 4.93 lakhs, leading to a profit after tax of Rs. 7.07 lakhs (EPS Rs. 0.16), compared to a loss of Rs. 4.91 lakhs (EPS Rs. 0.11) in the year-ago quarter. The Board also approved a revised Directors' Report for FY25, appointed a new Secretarial Auditor, and fixed September 8, 2025 as the date for the 32nd AGM. Importantly, the company disclosed it has paid the Rs. 40 lakh re-instatement fee to BSE and applied for final revocation of its trading suspension.
Positive for shareholders as the company returned to profitability and is moving closer to getting its stock trading suspension revoked on BSE, which could restore liquidity. However, the absence of any operating revenue remains a concern about the underlying business activity.