Outcome of Board Meeting held on Friday, August 1, 2025.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Board approved unaudited standalone and consolidated financial results for the quarter ended June 30, 2025. Standalone revenue from operations fell to ₹221.92 lakhs from ₹257.25 lakhs in the year-ago quarter, and the company swung to a standalone loss after tax of ₹(109.57) lakhs versus a profit of ₹39.77 lakhs last year. On a consolidated basis, revenue rose to ₹302.24 lakhs from ₹258.49 lakhs, but the company still posted a consolidated loss of ₹(214.35) lakhs versus a ₹18.83 lakhs profit a year ago. The company also issued 30 lakh equity shares at ₹50 each (₹40 premium) on a preferential basis during the period. The statutory auditor issued a qualified limited review report, flagging several matters including a disputed 16% investment holding in South West Port Limited, a ₹6,627.20 lakhs shortfall undertaking invoked by a subsidiary's lender (sub-judice), unconverted CCPS of ₹1,000 lakhs at KCTPL, and service tax input credit recoverability concerns.
Negative for shareholders – the company slipped into losses both on standalone and consolidated basis, and the auditor's qualified review highlights unresolved legal and investment-related exposures that could materially affect future results. The large preferential share issuance also implies equity dilution.