521137

Standalone Revenue ₹24.30 Cr vs ₹39.14 Cr (▼38% YoY), EBITDA ₹(1.77) Cr vs ₹0.61 Cr (▼392% YoY), PAT ₹(0.49) Cr vs ₹0.48 Cr (▼203% YoY) for the quarter ended March 31, 2026. EBITDA Margin -7.3% vs 1.6% (▼890bps). The company has initiated a Pre-Packaged Insolvency Resolution Process and proposed amalgamation with Onix Renewable Limited under the IBC, 2016.

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Standalone Operating Revenue ₹24.30 Cr vs ₹39.14 Cr (▼37.92% YoY), EBITDA ₹-1.77 Cr vs ₹0.61 Cr (▼392.13% YoY), PAT ₹-0.49 Cr vs ₹0.48 Cr (▼202.73% YoY). EBITDA Margin -7.30% vs 1.55% (▼885bps).

Eureka Industries Limited announced the postponement of its Board Meeting, initially scheduled for May 25, 2026, to May 28, 2026. The meeting, intended to consider and approve the Audited Standalone Financial Results for the fourth quarter and year ended March 31, 2026, was rescheduled due to unavoidable circumstances. The trading window for dealing in company securities will open 48 hours after the declaration of results.

Eureka Industries Limited's Board Meeting on May 21, 2026, approved the appointment of Mrs. Archana Chaitanya Pandya as an Additional Non-Executive Non-Independent Director and Ms. Juhi Sawajani as an Additional Non-Executive Independent Director for five years. Simultaneously, Mr. Rakesh Kumar (Independent Director), Mr. Amitkumar Pradipbhai Sur (Non-Executive Director), and Mr. Darshak Shah (Executive Director) resigned due to preoccupation and other professional commitments, all effective May 21, 2026. The company stated its board composition remains compliant with regulations after these changes.

Eureka Industries Limited announced the outcome of its Board Meeting on May 21, 2026. The Board approved the appointment of Mrs. Archana Chaitanya Pandya as an Additional Non-Executive Non-Independent Director and Ms. Juhi Sawajani as an Additional Non-Executive Independent Director, both effective May 21, 2026. Concurrently, Mr. Rakesh Kumar (Independent Director), Mr. Amitkumar Pradipbhai Sur (Non-Executive Director), and Mr. Darshak Shah (Executive Director) resigned, citing preoccupation and other professional commitments, effective the same date. The company also reconstituted its committees.

Eureka Industries Limited announced that its Board of Directors will meet on Monday, May 25, 2026, to consider and approve the Audited Standalone Financial Results for the quarter and financial year ended March 31, 2026. The trading window for dealing in the company's securities will reopen 48 hours after the declaration of these results.

Eureka Industries Limited submitted the voting results of its Extra Ordinary General Meeting (EGM) held on May 18, 2026. Shareholders approved all resolutions, including a 'PRE-PACKAGED INSOLVENCY RESOLUTION PLAN' and the regularization of Mr. Chaitanya Jayantilal Pandya as an Executive Director, with requisite majority.

Eureka Industries Limited's EGM approved the initiation of a Pre-Packaged Insolvency Resolution Process (PPIRP) under IBC, 2016, due to financial stress and liquidity constraints. The approved Base Resolution Plan includes the amalgamation of Onix Renewable Limited into Eureka Industries, with a proposed name change to 'ONIX RENEWABLE LIMITED', restructuring of liabilities, and reorganisation of equity share capital, including a reduction for existing public shareholders. The plan is subject to NCLT approval. Additionally, Mr. Chaitanya Jayantilal Pandya was appointed as Managing Director and Ms. Avani Ashwinkumar Shah as an Independent Director.