BSETusaldah LtdHighNeutral
Announced Wed, 13 Aug · 17:55 IST

Announcement under Regulation 30 of the SEBI (LODR) Regulations, 2015

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AI summary

The Board of High Street Filatex Limited (now being renamed to Tusaldah Limited) approved its unaudited Q1 FY26 results (ended June 30, 2025), reporting total income of Rs. 32.52 lakhs but a net loss of Rs. 11.06 lakhs (vs. a loss of Rs. 6.83 lakhs in Q1 FY25). The auditor N.D. Kapur & Co. issued an unmodified limited review report. The Board also approved voluntary delisting of equity shares from the Calcutta Stock Exchange (CSE), with the company to remain listed on BSE. Additionally, Mrs. Aishwarya Sethia resigned as CFO and Director due to personal reasons, replaced by Mrs. Hetal Waglekar as the new CFO. Mr. Manish Jhanwar was appointed as an Independent Director, Krishna Rathi & Associates as Secretarial Auditors for FY25-26, and the company name change to 'Tusaldah Limited' was approved subject to shareholder approval.

Likely market impact

The company continues to post losses, with quarterly loss widening from Rs. 6.83 lakhs to Rs. 11.06 lakhs year-on-year, though revenue operations have restarted after a nil Q1 FY25. Shareholders should note the voluntary exit from CSE (no impact on BSE trading), a leadership transition at the CFO level, and the company's rebranding to Tusaldah Limited.