Board Meeting Details

The Board of Directors meeting commenced at 04:53 PM and concluded at 05:33 PM on August 5, 2026.

Financial Results Approval

The Board approved the Un-Audited Financial Results (Standalone and Consolidated) for the quarter ended June 30, 2026, together with Limited Review Reports thereon (Annexure-A).

Standalone Financial Results (Rs. in lakh)

  • Income from operations: ₹34.83 (Net Sales: ₹34.67, Other operating income: ₹0.16)
  • Other income: ₹59.87
  • Total Income: ₹94.70
  • Expenses: ₹184.88 (Cost of material consumed: ₹27.31, Employee benefits: ₹8.66, Depreciation: ₹60.01, Others: ₹10.81)
  • Profit before exceptional items and tax: (₹90.17) loss
  • Exceptional items: None
  • Profit before tax: (₹90.17) loss
  • Tax expense: ₹0.80
  • Net loss for the quarter: ₹89.37
  • Paid-up equity share capital: ₹1,131.96 lakh (face value ₹10 per share)
  • EPS (Basic): (₹0.79)
  • EPS (Diluted): (₹0.43)

Comparative figures:

  • Q4 FY26: Net loss of ₹64.67 lakh
  • Q1 FY25: Net loss of ₹28.26 lakh
  • FY26: Net loss of ₹97.02 lakh

Consolidated Financial Results (Rs. in lakh)

Consolidated results include Thrive Future Habitats Limited and subsidiary 1908 E-Ventures Private Limited.

  • Net loss for the quarter: ₹92.00
  • EPS (Basic): (₹0.81)
  • EPS (Diluted): (₹0.45)

AGM Convening

Approval of convening of 78th Annual General Meeting scheduled for Wednesday, September 16, 2026. Notice will be sent separately.

Auditor Resignations

Statutory Auditors: M/s. Praveen & Madan, Chartered Accountants (Firm Registration No. 011350S) tendered resignation effective August 5, 2026, after issuing limited review report for Q1 FY27. Reason: Pre-occupation with other professional commitments. They confirmed no material reasons beyond those mentioned.

Secretarial Auditor: M/s. Snehal Amol Phirange, Practicing Company Secretary resigned effective August 5, 2026, after submitting Secretarial Audit Report for FY 2025-26. Reason: Pre-occupation with other professional commitments.

New Appointments

Statutory Auditor: Based on Audit Committee recommendation, Board approved appointment of M/s. J.C. Bhalla and Co., Chartered Accountants (Firm Registration No. 001111N) to fill casual vacancy, subject to shareholder approval at ensuing AGM. Term: Till conclusion of 79th AGM.

Secretarial Auditor: Board approved appointment of M/s Neeta A & Associates, Practicing Company Secretaries (COP: 13218, PRC no. 5897/2024):

  • To fill casual vacancy from August 5, 2026 until 78th AGM
  • For five consecutive years from 78th AGM up to 83rd AGM

Policy Revision

Review and revision of "Code of conduct for prevention of insider trading" adopted under Regulation 8 of SEBI (Prohibition of Insider Trading) Regulations, 2015.

Financial Impact

The financial results show continued operational challenges with significant losses in both standalone and consolidated entities. The auditor changes represent governance changes but no quantified financial impact disclosed.