Announced Wed, 5 Aug · 18:54 IST

Board approves Q1 FY27 loss, new auditors, AGM on Sep 16

Auditor Mid Year ChangePat NegativeRevenue Growth 20pctResults View source PDFExplain this filing

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AI summary

Board approved Q1 FY27 results (quarter ended June 30, 2026). Standalone total income rose to 94.70 lakhs from 31.10 lakhs, but net loss widened to 89.37 lakhs from 28.26 lakhs. Operating revenue grew to 34.67 lakhs from 25.79 lakhs. EPS at negative 0.79. Statutory auditor Praveen and Madan resigned citing pre-occupation; J.C. Bhalla and Co appointed, subject to shareholder approval. Secretarial auditor also replaced. 78th AGM set for September 16, 2026.

Likely market impact

Widening losses and mid-year auditor changes may worry investors despite revenue uptick. Shareholder approval for new auditors pending at AGM.