Span Divergent Limited - Outcome of Board Meeting held on May 30, 2026
Awaiting price reaction for this filing.
Span Divergent Limited reported audited FY26 results for the year ended March 31, 2026. Standalone performance showed total income of Rs 222.42 Lakhs (down from Rs 276.19 Lakhs) with PAT of Rs 72.64 Lakhs (down 13.5% from Rs 83.96 Lakhs). Consolidated results showed total income of Rs 1,851.08 Lakhs (up from Rs 1,014.85 Lakhs) but with significantly higher losses - PBT of Rs -290.49 Lakhs and PAT of Rs -294.72 Lakhs versus Rs -108.34 Lakhs loss in FY25. The company did not recommend any dividend for FY26, citing need to conserve resources for future business plans. The Board approved appointment of M/s Christie & Co as Internal Auditor for FY27. Statutory auditors Y B Desai & Associates issued unmodified opinions on both standalone and consolidated financials.
The stock may face pressure due to significantly widened consolidated losses despite higher revenue, no dividend declaration, and multiple subsidiaries operating under going concern notes. The standalone PAT decline and negative consolidated equity (Rs 759.61 Lakhs) signal ongoing financial stress requiring close monitoring.