Enclosed Unaudited Financial Results for the quarter ended June 30, 2025.
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Shricon Industries reported sharply lower revenue of ₹2.37 lakhs in Q1 FY26, down about 88% from ₹19.42 lakhs in the same quarter last year. The company stayed in the red with a net loss of ₹4.78 lakhs, though this was narrower than the ₹8.39 lakh loss posted in Q1 FY25. Total income stood at ₹5.17 lakhs against total expenses of ₹9.92 lakhs. The statutory auditor (R S Dani & Co.) issued an unmodified limited review opinion with no qualifications or emphasis of matter. Separately, the Board appointed Mr. Praveen Chandna as an Independent Director and Mr. Girish Suman as the new CFO, fixed August 29, 2025 for the 39th AGM, and approved material related party transactions with Career Point Edutech Limited and Career Point University, Hamirpur, subject to shareholder approval.
The steep revenue drop signals weak core business activity and continued losses, which is negative for shareholders. However, the narrower loss versus last year and clean audit opinion offer minor reassurance, while the new leadership appointments and pending shareholder approvals for related party transactions are key items to watch.