Outcome for Board Meeting held on May 27, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and in line with its Port & Port services peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
Minute windows have no benchmark: there is no intraday index history to compare against.
The Board approved audited financial results for FY2026 ending March 31, 2026. Standalone revenue declined 36% to ₹769.70 lakhs from ₹1,199.16 lakhs, with net loss of ₹864.79 lakhs versus profit of ₹2,706.37 lakhs in FY2025. Consolidated revenue fell 28.5% to ₹986.90 lakhs with net loss of ₹1,343.76 lakhs versus profit of ₹2,607.61 lakhs. The auditors issued an unmodified opinion but raised four Emphasis of Matter items: (1) Discrepancy in South West Port Limited shareholding - Company shows 26% but SWPL records show 10%; (2) Axis Bank obtained Recovery Certificate for ₹6,627.20 lakhs from DRT Mumbai against subsidiary KCTPL, under appeal; (3) Service tax input credit of ₹77.36 lakhs not claimed timely by KCTPL; (4) CCPS of ₹1,000 lakhs overdue for conversion since October 2016. Associates SWPL and Alba Asia did not provide audited financials. The Company raised ₹1,500 lakhs via preferential allotment of 30 lakh equity shares. Fund infusion of up to ₹5 crore into subsidiary Starport Logistics and ₹1.60 crore into KCTPL was approved.
The stock faces significant headwinds with massive reversal from profit to loss, negative operating cashflows, and pending legal liability of ₹66.27 crore. The unqualified opinion with multiple emphasis matters signals governance and valuation risks around subsidiary investments.