Enclosed outcome of board meeting
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Shricon Industries' Board, at its July 22, 2025 meeting, approved the unaudited standalone financial results for Q1 FY26 (quarter ended June 30, 2025) along with an unmodified Limited Review Report from R S Dani & Co. Revenue from operations fell sharply to Rs. 2.37 lakhs versus Rs. 19.42 lakhs in Q1 FY25, with the company posting a loss after tax of Rs. (4.78) lakhs versus Rs. (8.39) lakhs in the year-ago quarter. The Board appointed Mr. Praveen Chandna as an Additional Independent Director and Mr. Girish Suman as the new CFO/KMP, both effective July 22, 2025. It also fixed the 39th AGM for August 29, 2025, set the e-voting window from August 26–28, 2025 (cut-off August 22, 2025), and approved the appointment of M/s Bharat Rathore & Associates as Secretarial Auditor for a 5-year term. Additionally, the Board recommended shareholder approval for material related party transactions with Career Point Edutech Limited and Career Point University, Hamirpur, on an arm's length basis.
Sharp revenue contraction and continued losses highlight weak operating performance, though losses narrowed slightly from the prior-year quarter. Shareholders should watch the AGM for approval of the related party transactions and new management appointments, which could influence future direction.