Sheshadri Industries Ltd — Board Meeting, 11-08-2025: Board Meeting

Sheshadri Industries recorded a net loss of Rs 1.27 Cr for the quarter ended June 30, driven by Rs 2.25 Cr in exceptional write-offs, including unrealizable export duty credit and GST demands. The company also disclosed accumulated losses of Rs 20.52 Cr, though it maintains a going concern basis given its immovable properties. Auditors noted a lack of provision for Rs 0.27 Cr in unpaid statutory TDS interest. Additionally, the Board appointed Ms. Pooja Gupta, an experienced market strategist, as an Additional Independent Director, following a review by the Nomination & Remuneration Committee, and accepted Ms. Sushma Gupta's resignation.