Outcome of Board Meeting held on 13.08.2025.
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The board approved standalone and consolidated unaudited financial results for the quarter ended June 30, 2025, along with the auditor's limited review report. On a standalone basis, revenue from operations rose to Rs 39.16 lakh from Rs 31.16 lakh in Q1FY25 (about 26% YoY growth), but the company posted a net loss of Rs 22.88 lakh versus a Rs 34.89 lakh loss a year ago, with expenses of Rs 62.04 lakh led by 'other expenses' of Rs 47.72 lakh. On a consolidated basis, the picture flipped dramatically to a net profit of Rs 3,325.51 lakh, driven entirely by a Rs 3,348.39 lakh share of profit from its associate, Malwa Chemtex Udyog Limited, whose results were not independently reviewed by the statutory auditor. The board also fixed September 30, 2025 as the date for the next Annual General Meeting.
The standalone business remains in losses with negligible revenue (around Rs 39 lakh), making the stock's value effectively tied to its associate Malwa Chemtex. Investors should note that consolidated earnings are heavily dependent on a single associate whose financials are unaudited and unreviewed, adding risk despite the headline swing to profit.