The Board of Directors of the Company in their meeting held today inter alia considered and approved standalone and consolidated Financial results for the Quarter ended December 31, 2025
Awaiting price reaction for this filing.
Board approved standalone and consolidated unaudited results for Q3 FY26 and 9M FY26. Standalone business is marginal and loss-making: Q3 revenue was just Rs. 1 lakh (down from Rs. 2.5 lakh in Q2 FY26 and Q3 FY25), with a Q3 loss after tax of Rs. 0.85 lakh and a 9M FY26 loss of Rs. 26.17 lakh. Consolidated numbers are dramatically different because the entire company changed hands: Filtron acquired 100% of Gabrielle Infra Speciality Pvt Ltd (GISPL) for Rs. 64.21 crore, paid via 4.5 crore equity shares and 1.92 crore 0.5% non-convertible preference shares. As a result, GISPL's former promoters became the new promoters of Filtron, the board was reconstituted, 1.59 crore equity shares were issued on a preferential basis at Rs. 10, and an open offer under takeover rules was completed. Consolidated Q3 FY26 revenue was Rs. 10.95 crore with PAT of Rs. 1.09 crore, almost entirely from GISPL.
This is effectively a reverse takeover — the original Filtron standalone business is shrinking and loss-making while the consolidated picture has been completely replaced by GISPL, leading to massive equity dilution for legacy shareholders. The company is shifting its registered office from Pune to Mumbai, expanding its object clause into infrastructure, real estate, IT services and investments, and faces a near-total change in promoters, directors and business direction, which shareholders should view as a fundamental reset of the entity.