This is to inform you that the Board of Directors of the Company at their meeting held on today i.e. 04th May 2026 at Dinalipi Bhawan, A-54/1 & A-55/1, Nayapalli, Baramunda, Bhubaneswar- ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 8.4 pts more than Nifty Microcap 250 and 10.1 pts more than its Packaged Foods peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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The Board approved audited financial results for FY2026 ending 31st March 2026. The company reported zero revenue from operations during the year, with total other income of Rs 27,000. The loss after tax stood at Rs 27.28 lakhs (vs profit of Rs 2.33 lakhs in FY2025), indicating a significant decline. The auditor issued an unmodified (clean) opinion. Additionally, CFO Mr. Bijay Kumar Dash resigned citing personal reasons effective 4th May 2026. The company also completed a Rights Issue of 29.70 lakh equity shares at Rs 20 per share (including Rs 10 premium) during the year.
The stock shows severe operational distress with zero revenue and a net loss in FY2026, though auditors gave a clean opinion. The CFO resignation adds to governance concerns. Shareholders should monitor if the company can revive operations or utilize the raised capital effectively.