Univastu India Limited has informed the Exchange regarding Board meeting held on August 12, 2025.
UNIVASTU · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Univastu India reported strong Q1 FY26 results with standalone revenue from operations rising ~41% year-on-year to ₹2,523 lakhs (vs ₹1,792 lakhs in Q1 FY25), and standalone PAT jumping ~83% to ₹268.67 lakhs (vs ₹147 lakhs). Standalone EPS rose to ₹2.24 from ₹1.24. On a consolidated basis, revenue grew modestly ~5% to ₹2,941 lakhs but PAT surged ~64% to ₹400.80 lakhs. The board approved the appointment of M/s D R B S V and Associates as new statutory auditors for a 5-year term until the 2030 AGM, replacing M/s P.V. Page & Co. whose 10-year tenure is expiring (mandatory rotation, not a mid-year change). Independent Director Mr. Ravindra Savant resigned effective August 12, 2025, and was replaced on key committees by Mr. Rajiv Kapoor. The board also revised Managing Director Pradeep Khandagale's remuneration to ₹96 lakhs per annum from April 1, 2025, subject to shareholder approval.
Strong year-on-year earnings growth on both standalone and consolidated basis is a positive signal for shareholders, though the consolidated revenue growth was modest. The auditor change is a routine regulatory rotation and not a red flag. The MD remuneration revision and independent director resignation are governance items that shareholders should note ahead of the upcoming AGM.