ALPHA TRIBE

Concord Enviro Systems LimitedOthers, 08-08-2025: Statement of deviation(s) or variation(s) under Reg. 32

08-08-2025 | 09:16 pm

Concord Enviro's board approved its financial results for the quarter ended June 30, 2025, reporting consolidated revenue of Rs. 102.39 Cr and net profit of Rs. 4.13 Cr, including a Rs. 4.5 Cr reimbursement. A financial restructuring scheme was approved to adjust negative retained earnings against the securities premium account. This aims to reflect true financial health without affecting shareholding or cash flow, potentially enabling future dividends. Key appointments were made for Company Secretary and auditors. Up to Rs. 40 Cr will be invested in its wholly-owned subsidiary for a new assembly unit and working capital. Rs. 84.96 Cr of IPO proceeds remain unutilized.

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