Quarterly Result29 May 2026, 01:01 am
508918 Approves Q4/FY26 Results; Authorised Capital up to ₹22.5 Cr
AI Summary
The Board of Directors of 508918 approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, with an unmodified audit opinion. The board also approved an increase in authorized share capital from ₹18 crore to ₹22.5 crore, subject to shareholder approval. Additionally, a loan of up to ₹2 crore was approved for its wholly-owned subsidiary, EMDI (Overseas) FZ LLC. Due to geopolitical situations, the board decided to discontinue and liquidate EMDI (Overseas) FZ LLC's business operations and approved the sale of its EMDI trademark for AED 100,000.
Key Highlights
- Audited Q4/FY26 standalone and consolidated financial results approved with unmodified opinion.
- Authorized share capital increased from ₹18 Cr to ₹22.5 Cr, subject to shareholder approval.
- Loan of up to ₹2 Cr approved for wholly-owned subsidiary EMDI (Overseas) FZ LLC.
- EMDI (Overseas) FZ LLC's business operations to be discontinued and liquidated.
- EMDI trademark of the subsidiary sold for AED 100,000.
Price Impact
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