The Board of Directors of the Company, at their meeting held on May 28, 2025, that commenced at 12:30 P.M. and concluded at 02:05 P.M. has, inter alia, considered and approved the following: ....
Awaiting price reaction for this filing.
The board approved audited financial results for Q4 and FY ending March 31, 2025. Full-year revenue rose to Rs. 114.11 lakhs (from Rs. 85.64 lakhs in FY24), but profit after tax fell to Rs. 8.51 lakhs (from Rs. 16.80 lakhs), with EPS at Rs. 0.04. Q4 alone swung to a Rs. 59.91 lakh profit versus a Rs. 18.74 lakh loss in the previous quarter. Two new directors were appointed: Mr. Vivek Deokiprasad Bansal as Independent Director (35+ years in EPC, decarbonisation, Edtech) and Mr. Subodh Kumar as Non-Executive Director (40+ years in hydrocarbons, biofuels, renewable energy). The company also entered a Joint Development Agreement with Israel's AR Challenges Ltd to set up a Municipal Waste-to-Energy Project in Uttar Pradesh via an SPV, with JMG holding 30% initially rising to 75% at financial closure.
Mixed signals for shareholders: weaker annual profits despite higher revenue, but a strong Q4 turnaround and a strategically important entry into the clean energy/waste-to-energy space through a partnership that could meaningfully reshape the company's business going forward. The two new directors bring relevant expertise in energy and infrastructure to support this direction.