Unaudited Financial Results for Q1 FY27

The Board approved the unaudited financial results for the quarter ended 30th June, 2026. The Statutory Auditors, V. Singhi & Associates, issued an unmodified limited review report on these results. The Audit Committee reviewed and recommended the results prior to Board approval.

Financial Highlights (₹ in lakhs):

  • Total Income: ₹115.07
  • Revenue from Operations: ₹115.07 (comprising Interest income, Income from Venture Capital fund ₹0.01, Dividend Income ₹109.35, Net gain on fair value changes ₹0.01, Profit on sale of right entitlement ₹5.70)
  • Other Income: ₹0.00
  • Total Expenses: ₹87.57 (Finance Costs ₹0.00, Employee Benefits Expense ₹0.00, Listing and delisting fees ₹0.31, Administrative and Other Expenses ₹9.20, Corporate Social Responsibility Expenses ₹0.81)
  • Profit Before Tax: ₹27.50
  • Tax Expense: ₹21.02 (Current Tax ₹21.02, Deferred Tax ₹-0.89)
  • Profit for the Period: ₹5.16
  • Other Comprehensive Income/(Loss): ₹-11,688.12
  • Total Comprehensive Income/(Loss): ₹-11,635.12
  • Earnings Per Share (Face value ₹10): Basic ₹0.73, Diluted ₹0.73
  • Paid-up Equity Share Capital: ₹1,000.00
  • Other Equity (excluding Revaluation Reserve): ₹-27,019.84

Comparative figures:

  • Quarter ended 30th June 2025: Profit for the period ₹20.13 lakh, EPS ₹0.53
  • Year ended 31st March 2026: Profit for the year ₹710.00 lakh, EPS ₹23.53

The results will be published in newspapers as per Regulation 47 of SEBI Listing Regulations with a QR code. The complete results are available on BSE Limited's website (www.bseindia.com) and the Company's website (www.qeml.in).

Appointment of Non-Executive Directors

The Board approved the appointment of two new Additional Directors (Non-Executive, Non-Independent):

Mr. Alok Kalani (DIN: 03082801)

  • Appointment effective from 11th August, 2026
  • Executive Director (Corporate Finance) at RP-Sanjiv Goenka Group
  • Chartered Accountant, Company Secretary, and Cost Accountant with B.Com. (Hons.) from St. Xavier's College, Kolkata
  • Over three decades of experience in corporate finance, taxation, legal, treasury, and corporate governance
  • Serves as Director on several companies including two listed entities
  • Not related to any other Directors of the Company

Mr. Gopal Rathi (DIN: 00553066)

  • Appointment effective from 11th August, 2026
  • Heads Strategy and M&A function at RP-Sanjiv Goenka Group
  • Chartered Accountant with over 21 years of experience in acquisitions, corporate strategy, and expansion initiatives
  • Previously worked in finance and planning roles at Hutchison India (now Vodafone)
  • Serves as Director on several companies including one listed entity
  • Not related to any other Directors of the Company

Both appointments were made based on the recommendation of the Nomination and Remuneration Committee and are subject to shareholder approval. The Reserve Bank of India granted approval for their appointments until 1st July, 2031 vide letter dated 30th July, 2026.

Approval of Postal Ballot Notice

The Board approved the Postal Ballot Notice to seek shareholder approval for the appointment of Mr. Alok Kalani and Mr. Gopal Rathi as Non-Executive Directors.

Process Details:

  • Cut-off Date for determining voting eligibility: Friday, 7th August, 2026
  • Scrutinizer appointed: M/s. K. Arun & Co., Practicing Company Secretaries, Kolkata
  • The e-voting process will be conducted in a fair and transparent manner

Meeting Details

The Board meeting commenced at 12:00 p.m. and concluded at 01:45 p.m. on 11th August, 2026.