The Board of Directors in their meeting held today have decided appointment of Secretarial Auditors subject to approval of members at ensuing AGM.
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Awaiting price reaction for this filing.
Suvidha Infraestate Corporation reported nil revenue from operations for Q1 FY26 (quarter ended 30 June 2025), same as Q1 FY25, against Rs 19.18 lakh in the preceding quarter. Total expenses stood at Rs 5.13 lakh, leading to a net loss of Rs 5.13 lakh (EPS of Rs -0.06). The company noted it has huge accumulated losses, no gainful economic activity, and negative reserves of about Rs 10.75 crore, with no virtual certainty that losses will be recouped. The Board also approved the appointment of Ms. Parul K. Gajjar as an Independent Director for five years effective 1 September 2025, and appointed M/s. Nishant Pandya & Associates as Secretarial Auditors for FY26-FY30. The 33rd AGM is scheduled for 19 September 2025 via video conferencing.
The company continues to generate no operating revenue and is loss-making, with management itself flagging going concern uncertainty due to accumulated losses and lack of business activity — this is a serious red flag for shareholders and suggests the stock remains a high-risk, speculative bet. The director and auditor changes are routine governance housekeeping and unlikely to move the needle on fundamentals.