Outcome of 3rd Board of Directors held on 14.02.2026
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Awaiting price reaction for this filing.
The Board approved unaudited financial results for Q3 FY26 (quarter ended 31.12.2025) with a clean Limited Review Report (no qualifications). Net sales for Q3 stood at Rs. 1,896.19 lakhs, down from Rs. 2,213.89 lakhs in the same quarter last year. However, nine-month sales grew to Rs. 6,631.53 lakhs from Rs. 5,362.92 lakhs, an increase of about 24%. Profit Before Tax for Q3 was Rs. 7.34 lakhs vs Rs. 14.34 lakhs earlier, and the company slipped into a marginal loss after tax of Rs. 0.33 lakhs for the quarter, though nine-month PAT was Rs. 9.45 lakhs. Wholetime Director Mr N Sudharsan resigned due to age and health reasons and was replaced by Mr Ashok Kumar Shukla. The Board also approved buying electricity from solar power producers to cut costs and approved purchase of new machinery to boost production.
Mixed signals for shareholders - sequential quarterly revenue slipped and PAT turned slightly negative in Q3, though the nine-month picture shows healthy revenue growth and operational expansion plans (machinery, solar power). The director changeover is a routine succession but worth monitoring for execution continuity.