Board Meeting Details

The Board Meeting was held on Monday, August 3, 2026, commencing at 3:20 PM and concluding at 5:05 PM.

Key Decisions Approved

1. Unaudited Financial Results: The Board approved the Un-audited Financial Results of the Company for the quarter ended June 30, 2026.

2. Committee Composition Changes: The Board approved changes in the composition of the committees of the Board, as detailed in the annexure.

3. Dissolution of Risk Management Committee: The Board approved the dissolution and discontinuation of the Risk Management Committee with immediate effect. The rationale provided was that the Company does not fall within the category of listed entities for which constitution of a Risk Management Committee is mandatory under Regulation 21 of the SEBI LODR Regulations. Risk oversight will continue to be exercised by the Board of Directors with support from the management team, Audit Committee and existing governance mechanisms.

Financial Results for Quarter Ended June 30, 2026 (Unaudited)

Income Statement Highlights (₹ in lakhs):

  • Revenue from operations: 4,867.79 (compared to 3,735.20 in previous quarter and 4,254.34 in same quarter previous year)
  • Other income: 582.62 (compared to 52.09 in previous quarter and 211.07 in same quarter previous year)
  • Total income: 4,919.88
  • Total expenses: 3,314.46
  • Profit before exceptional items and tax: 1,605.42
  • Exceptional items: 114.33 (Impairment loss - Refer Note 4)
  • Profit after exceptional items and before tax: 1,491.09
  • Total tax expense: 461.86 (Current tax: 231.72, Deferred tax: 230.14)
  • Profit for the period: 1,029.23
  • Other comprehensive loss: (7.48)
  • Total comprehensive income for the period: 1,021.75

Earnings Per Share (₹):

  • Basic EPS: 18.38
  • Diluted EPS: 18.38

Capital Structure:

  • Paid-up equity share capital: ₹280.00 lakhs (Face value per share: ₹5)

Exceptional Item Details (Note 4)

During the quarter, the Company completed a technical and operational review of its manufacturing and operational assets. The review identified certain assets that are no longer expected to generate future economic benefits. Accordingly, the Company recognized an impairment loss of ₹114.33 lakhs (inclusive of a GST reversal of ₹14 lakhs) in the Statement of Profit and Loss, disclosed as an exceptional item.

Committee Composition Changes

The annexure details changes in the composition of Board committees:

  • Audit Committee: Rashmi Joshi and Mark Collis replaced with Sunil Kumar Chaturvedi and Juliette Lowes
  • Nomination and Remuneration Committee: Rashmi Joshi replaced as Chairperson by Sunil Kumar Chaturvedi
  • Corporate Social Responsibility Committee: Henry Knowles replaced with Christopher Levis as member

Auditor's Review Report

Deloitte Haskins & Sells LLP issued an independent auditor's review report dated August 3, 2026, stating that based on their review, nothing has come to their attention that causes them to believe that the financial results contain any material misstatement.