Board clears Q1 results and Securities Premium cut to offset losses
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Board approved Q1 FY27 results, alteration of objects clause to add e-commerce and digital commerce activities, reclassification of authorized capital (removing CCPS as none are outstanding), and reduction of Securities Premium by Rs. 20,501.60 million to fully offset accumulated losses. Q1 standalone revenue rose to Rs. 6,802 million from Rs. 5,339 million YoY, about 27 percent growth. Loss narrowed to Rs. 45.82 million from Rs. 146.08 million. No change in share capital or shareholding pattern.
No change in share capital or shareholder payouts. Accumulated losses wiped off for cleaner balance sheet. Q1 revenue grew about 27 percent YoY.