Unaudited financial results for the quarter ended June 30, 2025
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The Board of Directors approved the unaudited financial results for Q1 FY2026 (quarter ended June 30, 2025), which received an un-modified (clean) opinion from statutory auditors Srinaga & Giridharan. The Board appointed Mr. Arvind Varchaswi as Managing Director for a 5-year term, subject to shareholder approval, and recommended the reappointment of Mr. Narayanan Narasimhan (Arvind's father) as Non-Executive Director. New Secretarial Auditor (KKR & Associates) was appointed for 5 years and Cost Auditor (Chiranjeevulu Jeelaga & Co.) was re-appointed for FY25-26. The Board approved Related Party Transactions for the period October 1, 2025 to September 30, 2026 and reviewed RPTs entered during the quarter.
The clean auditor opinion and routine quarterly results suggest no major red flags, though actual revenue and profit numbers were not disclosed in this filing. The appointment of Arvind Varchaswi (son of the Chairperson) as Managing Director formalizes family-led leadership. The presence of Related Party Transactions is something shareholders should monitor closely at the AGM.