Outcome of the Meeting of Board of Directors of the Company held on today i.e. Friday, 29th May, 2026
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
The board approved audited standalone financial results for FY2026 showing revenue of Rs 36,553.83 Lacs (vs Rs 2,455 Lacs in FY25), a massive jump likely from business diversification into agriculture. However, the company reported a loss before tax of Rs 549.01 Lacs compared to a profit of Rs 278.01 Lacs in the previous year. Trade receivables surged to Rs 21,335.94 Lacs from Rs 1,895 Lacs, while trade payables jumped to Rs 19,946.50 Lacs from Rs 286.95 Lacs. The statutory auditor issued an unmodified opinion despite raising significant concerns about unverifiable trade receivables, unconfirmed supplier advances of Rs 15,126.13 Lacs, unsupported E-way bills for sales, and inability to confirm inventory existence and valuation of Rs 14,352.36 Lacs.
The stock may face selling pressure due to the massive jump in revenue without corresponding profit improvement, and the auditors' emphasis of matters despite issuing a clean opinion raises red flags about financial statement reliability and possible aggressive revenue recognition.