Outcome of Board Meeting
Price
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Awaiting price reaction for this filing.
The Board approved the unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025). On a standalone basis, the company reported total income of Rs. 289.21 lakh and a net profit of Rs. 220.34 lakh (EPS Rs. 1.25); on a consolidated basis, total income was Rs. 361.81 lakh with a net profit of Rs. 287.94 lakh (EPS Rs. 1.57). The Board also appointed M/s. R A N K & Associates as the new Statutory Auditor for five years (FY 2025-26 to FY 2029-30), replacing the resigning auditor M/s. Chhajed & Doshi. Additionally, M/s. R. S. Rajpurohit & Co. was appointed as Secretarial Auditor for 5 years, and the Notice for the 40th AGM along with the Board Report and Secretarial Audit Report for FY 2024-25 were approved. The company's books continue to carry a refund liability of Rs. 1,584.95 lakh to students linked to COVID-19 disruptions.
Quarter turned profitable on both standalone and consolidated bases, aided largely by fair value gains on investments, which may not be recurring. The mid-term change of statutory auditor (replacing Chhajed & Doshi with R A N K & Associates) is a governance point shareholders may want to monitor.