Outcome of Board Meeting for the Quarter ended on 30.06.2025.
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The Board approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations nearly doubled to ₹98 lakhs vs ₹49 lakhs in Q1 FY25, and total income rose to ₹98.71 lakhs from ₹55.58 lakhs. The company swung to a profit of ₹599 lakhs (₹3.74 EPS) from a loss of ₹57 lakhs in the year-ago quarter, helped by a large exceptional gain of ₹612 lakhs from the sale of a non-current asset that was classified as 'held for sale'. The Board also appointed Mr. Devang Parekh as an Additional Independent Director and M/s. A. Shah & Associates as Secretarial Auditor for 5 years (FY26–FY30), and approved the 34th AGM notice. Prior period figures have been restated to reflect the amalgamation of Yash Shelters Limited, which became effective April 15, 2025 via an NCLT-approved scheme.
Strong headline turnaround from loss to profit driven mostly by a one-time asset sale, so core operations still need watching even though revenue doubled YoY. The amalgamation of Yash Shelters expands the business base and the new director brings legal expertise; shareholders should note the restated historical numbers when comparing past performance.