Outcome of 2nd Board of Directors'' Meeting held on 14.08.2025
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The Board approved unaudited Q1 FY26 results (quarter ended 30.06.2025). Revenue from operations stood at ₹2,508.60 lakhs, up about 23% from ₹2,035 lakhs in the same quarter last year. Profit after tax was ₹4.98 lakhs (EPS ₹0.10), a turnaround from a loss of ₹4.92 lakhs in Q1 FY25. The Board accepted the resignation of CFO Mr H. Vinodh Kumar and appointed Mr Shiv Bandhu as the new CFO. The 46th AGM was scheduled for 24.09.2025 via video conferencing. Other items included approval of the Cost Audit Report, appointment of Internal and GST auditors, and noting of a related-party royalty payment to Mr Saatvik Goyal (a shareholder holding more than 10%). The Board also noted old income-tax notices for assessment years 1997-98, 2011-12 and 2012-13 along with appeals filed, and a GST penalty paid to authorities. The auditor's limited review report is clean with no qualifications.
A return to profitability with strong revenue growth in Q1 is mildly positive for shareholders. However, the thin profit margin, CFO change, ongoing tax disputes from older years and related-party transactions warrant caution.