the Board of Directors of M/s. Seshachal Technologies Limited held on Thursday the 14th day of August, 2025 started at 03.00 P.M. and concluded at 03.30 P.M. at the registered office of ....
Awaiting price reaction for this filing.
Seshachal Technologies' board, meeting on 14 August 2025, approved unaudited Q1 FY26 (quarter ended 30 June 2025) financial results and the auditor's limited review report. Revenue from operations fell sharply to Rs. 223.32 lakhs from Rs. 437.74 lakhs in the same quarter last year, a decline of roughly 49% year-on-year. Profit after tax also dropped to Rs. 9.91 lakhs from Rs. 17.53 lakhs (down about 43%). The auditor (Sharad Chandra Toshniwal & Co.) issued a clean review report with no qualifications or concerns raised. The board also noted the resignation of Independent Director Mr. Umasankar Mylapur Prakash Rao (DIN: 08445123), effective close of business on 12 August 2025, citing pre-occupation and personal commitments, with no other material reasons disclosed.
The steep drop in both revenue and profit compared to last year's same quarter is a red flag that may concern shareholders, though the company remains profitable. The independent director's exit for personal reasons is routine but worth monitoring for any governance implications.