Outcome of the Board meeting and Compliance of Regulations 30 & 30 of Sebi (Listing Obligations and Disclosure Requirements) Regulations, 2015
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q2 and H1 FY26 (ended Sept 30, 2025), declaring a maiden interim dividend of Rs. 0.50 per share (5%) with record date Nov 21, 2025. Revenue from operations surged dramatically to Rs. 366.47 lakhs in H1 FY26 from Rs. 34.40 lakhs in H1 FY25, driven by the company's expansion into hospitality and EV rental businesses. The company swung to a profit of Rs. 111.42 lakhs (H1 FY25: loss of Rs. 87.22 lakhs), with EPS improving from negative Rs. 2.03 to positive Rs. 2.59. Multiple hotel-related initiatives were announced: leasing of 'Hotel Somprabha' (44 rooms, Veraval near Somnath), an MOU for 'Just Naturals Wellness Resort' at Jim Corbett on revenue-sharing, and commencement of operations at Grand Ladhukara hotel in Dwarka. The Board also approved a Rs. 2.50 crore bank loan, conversion of warrants into equity shares, and purchase of an immovable property in Andheri. Auditor issued an unmodified limited review report.
Strong operational turnaround with revenue and profit both swinging sharply positive, supported by aggressive hospitality expansion through leased hotel properties across pilgrimage and tourism locations — likely positive for stock sentiment, though revenue base remains small and the 5% dividend signals modest cash returns.