Board Meeting Details

The Board 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 the Limited Review Reports thereon (Annexure-A).

Standalone Financial Results (Quarter ended June 30, 2026)

  • Total Income: ₹94.70 lakh
  • Total Expenses: ₹184.88 lakh
  • Profit before exceptional items and tax: ₹(90.17) lakh
  • Exceptional items: ₹(90.17) lakh
  • Profit before tax: ₹(90.17) lakh
  • Tax expense: ₹(0.80) lakh
  • Profit/(Loss) for the period: ₹(89.37) lakh
  • Total Comprehensive Income: ₹(89.35) lakh
  • Paid-up Equity Share Capital: ₹1,131.96 lakh (face value ₹10 per share)
  • Basic EPS (continuing operations): ₹(0.79)
  • Diluted EPS (continuing operations): ₹(0.43)

Comparative figures:

  • Quarter ended March 31, 2026: Loss of ₹(64.67) lakh
  • Quarter ended June 30, 2025: Loss of ₹(28.26) lakh
  • Year ended March 31, 2026: Loss of ₹(97.02) lakh

Consolidated Financial Results (Quarter ended June 30, 2026)

  • Total Income: ₹94.63 lakh
  • Total Expenses: ₹187.39 lakh
  • Profit before exceptional items and tax: ₹(92.76) lakh
  • Exceptional items: ₹(92.81) lakh
  • Profit before tax: ₹(92.81) lakh
  • Tax expense: ₹(0.80) lakh
  • Profit/(Loss) for the period: ₹(92.00) lakh
  • Total Comprehensive Income: ₹(91.98) lakh
  • Basic EPS (continuing operations): ₹(0.70)
  • Diluted EPS (continuing operations): ₹(0.37)

AGM Convening

Approval of the convening of 78th Annual General Meeting scheduled to be held on Wednesday, September 16, 2026. The notice will be sent in due course.

Statutory Auditor Resignation

M/s. Praveen & Madan, Chartered Accountants (Firm Registration No. 011350S) tendered their resignation on August 5, 2026, effective immediately after issuing the limited review report for the quarter ended June 30, 2026. The reason cited was "pre-occupation and increased professional commitments." The auditors confirmed no material reasons for resignation beyond those mentioned.

New Statutory Auditor Appointment

Based on Audit Committee recommendation and subject to shareholder approval, the Board approved appointment of M/s. J.C. Bhalla and Co., Chartered Accountants (Firm Registration No. 001111N) to fill the casual vacancy. They will hold office till the conclusion of the 79th Annual General Meeting.

Secretarial Auditor Resignation

M/s. Snehal Amol Phirange, Practicing Company Secretary resigned due to pre-occupation with other professional commitments, effective August 5, 2026 after submitting the Secretarial Audit Report for FY 2025-26.

New Secretarial Auditor Appointment

Based on Audit Committee recommendation, the 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 the 78th AGM
  • For a term of five consecutive years effective from the 78th AGM up to 83rd AGM

Code of Conduct Revision

The Board reviewed and revised the "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 losses for both standalone and consolidated entities. The auditor changes represent administrative changes with no immediate financial impact disclosed.