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Libas Consumer Products' board approved Q1 FY26 financial results, showing a consolidated loss of ₹1.65 Cr, hit hard by a ₹2.40 Cr fire incident. Crucially, auditors highlighted major concerns: a ₹7.01 Cr inventory overstatement and missing interest income on ₹10.73 Cr in loans. On governance, two independent directors resigned, with Mr. D. U. Menon and Mrs. Supriya Ramdas appointed. New auditors, J. N. Mittal & Co., were named. The 21st Annual General Meeting is slated for September 29, 2025.