Outcome of Board Meeting dated 26th May 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
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The Board approved audited standalone and consolidated financial results for Q4 and FY ended 31st March 2026. Standalone revenue grew to Rs 7,105.20 lakhs from Rs 3,552.60 lakhs (100% YoY growth), with PAT rising to Rs 151.69 lakhs from Rs 143.50 lakhs. Consolidated PAT improved to Rs 220.36 lakhs from Rs 143.50 lakhs. Statutory auditors issued an unmodified (clean) opinion, but included Emphasis of Matter paragraphs highlighting: (1) an Income Tax assessment order for FY 2023-24 where trade receivables/payables may be added to taxable income with penalty proceedings initiated, (2) a significant spike in March 2026 sales vs earlier months, and (3) pending trade debtor balance confirmations raising recoverability concerns. The company also appointed a new internal auditor. Share capital doubled to Rs 7,105.20 lakhs.
While PAT growth is positive, the auditors' Emphasis of Matter on suspicious March sales spike, unreconciled trade receivables, and tax liabilities raises red flags about revenue quality and potential cash flow impact. Negative operating cash flow of Rs -5,105 lakhs indicates cash burn despite revenue growth.