Outcome of Board Meeting

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Price reactionminutes from the announcement price · days from the prior close

+0.6%Reaction day

₹26.65

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announcement price

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Nifty Microcap 250market · in no size index; the smallest one is used-0.4%+0.9% vs market

Iron & Steel Products peers, median of 90sector-0.5%+1.1% vs sector

On the reaction day the stock moved 0.9 pts more than Nifty Microcap 250 and 1.1 pts more than its Iron & Steel Products peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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Reaction day

+0.6-0.4+0.9-0.5+1.1

Next day

+5.4-1.4+6.8-2.1+7.5

+9.7-1.7+11.4-2.1+11.7

+8.7-2.6+11.3-3.2+11.9

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-2.4-1.0-1.3-4.2+1.8

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UpDownMarket · Nifty Microcap 250Sector · Iron & Steel Products peers, median of 90Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). The company reported zero revenue from operations, with total income of Rs. 44.41 lacs coming entirely from other income (up from Rs. 41.71 lacs in Q1 FY25). Profit after tax stood at Rs. 36.40 lacs versus Rs. 30.90 lacs in the year-ago quarter, with EPS of Rs. 0.49 (vs Rs. 0.42). The Board also appointed M/s Ramanand & Associates as Statutory Auditors for one year (FY2025-26) and M/s K.C. Nevatia & Associates as Secretarial Auditors for a five-year term starting FY2025-26. The 51st AGM is scheduled for September 30, 2025. The auditor's limited review report is clean with no qualifications.

Likely market impact

Marginal improvement in profitability driven mainly by lower expenses (Rs. 8.01 lacs vs Rs. 10.81 lacs) rather than revenue growth. With no core operating revenue, the stock remains dependent on other income, which is a concern for long-term investors.