Outcome of the board meeting held on 28th May, 2026.
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The Board approved audited standalone and consolidated financial results for Q4 and FY ended 31st March 2026. Statutory auditors S. Jain & Co. issued unmodified opinions on both sets of results. Standalone performance showed PAT growth of 35.4% (Rs 108.26 Lakhs vs Rs 79.94 Lakhs) with flat revenue at Rs 1,301.43 Lakhs. Consolidated revenue declined 7.5% to Rs 4,100.69 Lakhs with PAT falling to Rs 176.98 Lakhs due to reduced share of associate profits. The auditors included an Emphasis of Matter noting that investments were valued using FY2025 audited financials as FY2026 figures were unavailable. Deferred tax asset was not created on carryforward losses. Related party transactions including remuneration to directors and key management were disclosed. Internal and cost auditors were reappointed for FY2026-27.
The company reported mixed results with standalone PAT growth but consolidated revenue and profit decline. The investment valuation methodology noted by auditors may raise questions about fair value accuracy. Negative operating cash flow on consolidated basis is a concern. The unmodified audit opinion confirms no going concern issues.