Announced Mon, 4 Aug · 16:37 IST

Outcome of Board Meeting

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Price reaction · full curve

Awaiting price reaction for this filing.

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.