In furtherance to our Intimation dated May 26th, 2026, pursuant to Regulation 30 the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, ....
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The Board of Directors approved the audited standalone and consolidated financial results for the year ended 31st March 2026. The company reported revenue from operations of Rs. 303.86 lakhs, a decline from Rs. 392.95 lakhs in the previous year (approximately 22.7% drop). However, the company turned profitable with a net profit of Rs. 3.81 lakhs compared to a net loss of Rs. 31.76 lakhs in FY 2024-25. Other income increased significantly to Rs. 73.09 lakhs, largely due to Rs. 62 lakhs in director loans being waived and recognized as income. The statutory auditor issued an unmodified (clean) opinion on the financial results. The board also appointed CS Puja Pujari as Secretarial Auditor and CS Anitha R as Internal Auditor for FY 2025-26 to 2026-27.
The company returned to profitability after two years of losses, but shareholders should note that revenue has declined significantly and the profit improvement was aided by one-time income from waived loans. The clean audit opinion provides some comfort.