StockWatch
·
Ceramics
Board Meeting12 Aug 2026, 04:26 pm

Nitco Ltd Declares Q1 FY27 Unaudited Financial Results

AI Summary

Nitco Ltd announced the outcome of its Board Meeting held on August 12, 2026. The Board considered and approved the Unaudited Standalone and Consolidated Financial Results for the first quarter ended June 30, 2026 (Q1 FY27). The results were reviewed by the Audit Committee and subsequently approved by the Board. Additionally, the Board approved the re-appointment of Mr. R. K. Bhandari as the Cost Auditor for FY 2026-27 and a Buyer Finance Agreement with Desiderata Impact Ventures Private Limited (Progcap) for debtor's bills discounting, with an approximate size of INR 200 Crores for FY 2026-27.

Key Highlights

  • Unaudited financial results for Q1 FY27 declared.
  • Cost Auditor re-appointed for FY 2026-27.
  • Buyer Finance Agreement approved with Progcap.
  • Agreement with Progcap valued at approximately INR 200 Crores for FY27.
  • No special rights granted in the Progcap agreement.