Please find attached the financial results of the Company for the quarter ended 31st December, 2025.
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The Board approved standalone and consolidated unaudited financial results for Q3 and nine months ended December 31, 2025, accompanied by a clean limited review report from statutory auditor TDK & Co. with no qualifications. The company also announced acquisition of up to 51% in Calcio Restaurants Private Limited (Mumbai-based hotels and restaurants operator) via a share swap worth about Rs. 43.63 crore, issuing up to 43,62,855 equity shares at Rs. 100 each. Calcio's turnover nearly doubled from Rs. 27.84 crore in FY24 to Rs. 52.03 crore in FY25. Additionally, the board approved a cash preferential issue of 15,83,000 equity shares at Rs. 100 (raising up to Rs. 15.83 crore) and up to 31,65,000 convertible warrants at Rs. 100 (potential further Rs. 31.65 crore), both to non-promoters. Warrants carry an 18-month exercise window after which unexercised warrants lapse.
Existing shareholders face meaningful dilution: confirmed ~15.6% equity dilution once the share-swap and cash preferential are completed, with potential further dilution up to ~24% if all warrants are exercised. The Calcio acquisition adds a fast-growing hospitality business, while the cash raise (up to Rs. 15.83 crore plus potential warrant money) strengthens the balance sheet for further expansion.