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Urban Company Partners with ILO to Expand e-Shram Registration for 59,000+ Professionals
Urban Company has announced a strategic collaboration with the International Labour Organization (ILO) to accelerate e-Shram registration for its service professionals. The initiative aims to move from the current 20% registration rate to 100% coverage for its workforce of over 59,000 partners. By integrating registration into its onboarding and training ecosystem, the company is proactive in aligning with India's Code on Social Security. This move strengthens the company's ESG profile and mitigates potential regulatory risks associated with gig worker formalization.
Key Highlights
Collaboration with ILO to achieve 100% e-Shram registration for over 59,000 service professionals.
Currently, only about 20% of the company's active partners are registered on the government portal.
Registration will be integrated into the UC partner app, training centers, and UC Mitra kiosks.
9M FY26 data reveals average monthly net earnings of INR 28,322 for active service professionals.
Existing partner benefits include life insurance up to INR 10 lacs and disability cover up to INR 6 lacs.
💼 Action for Investors
Investors should view this as a positive step toward ESG compliance and regulatory de-risking in the gig economy. The healthy partner earnings data indicates a sustainable business model capable of retaining skilled service professionals.
Urban Company Shareholders Approve ESOP Scheme Amendments and Trust Route with 94.76% Majority
Urban Company Limited (URBANCO) has successfully passed four special resolutions via postal ballot, all receiving a strong 94.76% majority vote. The resolutions include amendments to the 2015 ESOP scheme and its extension to employees of subsidiary and associate companies globally. Shareholders also approved the implementation of the ESOP scheme through a Trust Route, supported by an interest-free loan from the company to the ESOP Trust. This move is designed to enhance talent retention and align employee incentives with the company's long-term growth.
Key Highlights
All four special resolutions passed with a consistent 94.76% majority of votes in favor.
ESOP benefits extended to employees of Group, subsidiary, and associate companies both in India and overseas.
Approval granted for the implementation of the ESOP Scheme 2015 via a dedicated Trust Route.
Authorization provided for an interest-free loan to the Urban Company ESOP Trust for scheme execution.
Total paid-up share capital confirmed at Rs. 146.22 crore consisting of 146.22 crore equity shares of Re 1 each.
💼 Action for Investors
Investors should view this as a positive sign of shareholder confidence in management's talent retention strategy. While ESOPs can lead to minor equity dilution, the high approval rate suggests strong alignment between the board and shareholders regarding long-term incentive structures.
RBA Shareholders Approve Preferential Issue and Capital Increase at EGM
Restaurant Brands Asia Limited (RBA) has successfully passed all four resolutions proposed at its Extra-ordinary General Meeting held on February 13, 2026. Key approvals include a preferential issue of equity shares and warrants on a private placement basis and an increase in the company's authorized share capital. While most resolutions passed with over 99% support, the proposal for granting special rights to identified shareholders saw some institutional resistance with 9.62% of total votes cast against it. Additionally, shareholders cleared the remuneration package for Group CEO Rajeev Varman with near-unanimous support.
Key Highlights
Approved preferential issue of Equity Shares and Warrants on a private placement basis with 99.57% votes in favor.
Authorized Share Capital increase and MoA alteration passed with 99.88% shareholder approval.
Special rights for identified shareholders and AoA amendments approved with a 90.38% majority.
CEO Rajeev Varman's remuneration package approved with 99.90% of total votes cast.
Total voter turnout for the meeting represented 68.15% of the company's outstanding shares.
💼 Action for Investors
Investors should view the approval of the preferential issue as a positive signal for the company's growth and capital-raising capabilities. However, monitor the long-term implications of the special rights granted to specific shareholders, which faced higher institutional dissent compared to other resolutions.
RBA Approves INR 1,500 Cr Fundraise; Inspira Global to Acquire Controlling Stake
Restaurant Brands Asia (RBA) has approved a significant fundraise of approximately INR 1,500 Crores through a preferential issue of equity and warrants at INR 70 per unit. This move facilitates Inspira Global's acquisition of a controlling interest in the company, which will trigger a mandatory open offer for minority shareholders. The proceeds are earmarked for strengthening operational flexibility and funding the expansion of the Burger King and Popeyes brands. Additionally, shareholders approved increasing the authorized share capital to INR 900 Crores and amending the Articles of Association to reflect the new promoter structure.
Key Highlights
Issuance of 12.86 crore equity shares and 8.57 crore warrants at INR 70 each to raise ~INR 1,500 Crores
Inspira Global to take controlling interest, triggering a mandatory open offer for shareholders
Authorized share capital increased from INR 700 Crores to INR 900 Crores to accommodate the issue
Capital intended to support growth strategy and financial flexibility for future expansion in Asia
Approval of remuneration for Group CEO Rajeev Varman and adoption of restated Articles of Association
💼 Action for Investors
Investors should monitor the formal open offer announcement and compare the INR 70 offer price with the current market price. The entry of a new strategic promoter and fresh capital is a long-term positive for the company's aggressive expansion plans.
Urban Company Faces ₹7.30 Cr GST Demand as Appellate Authority Rejects Appeal
Urban Company Limited has received an adverse order from the Commissioner (Appeals-II) CGST, Mumbai, upholding a tax demand of ₹7.30 crore for the period July 2017 to March 2022. The dispute involves the classification of housekeeping services, where the authority argues for an 18% GST rate instead of the 5% discharged by the company. Additionally, there is a dispute regarding the place of supply for platform fees collected from Maharashtra. The company intends to file a further appeal, maintaining that it has a strong legal case and that the order will not impact current operations.
Key Highlights
Appellate Authority upheld a GST demand of ₹7.30 crore plus applicable interest and penalties.
The dispute covers the period from July 2017 to March 2022 regarding service classification and tax rates.
Tax authority seeks 18% GST on housekeeping services versus the 5% currently paid by the company.
Dispute includes the taxability of platform fees in Maharashtra instead of Haryana where it was previously paid.
Urban Company plans to challenge the order before a higher appropriate authority.
💼 Action for Investors
Investors should monitor the progress of the subsequent appeal as a final adverse ruling could establish a higher tax liability precedent for the company's service model. While the current demand is ₹7.30 crore, the classification dispute could have broader implications for future margins.
RBA Q3 FY26 Results: Revenue Up 16.5% to ₹577 Cr, Highest Ever EBITDA at ₹40.6 Cr
Restaurant Brands Asia reported a strong Q3 FY26 with revenue growing 16.5% YoY to INR 577 crores and its highest-ever EBITDA of INR 40.6 crores. The India business achieved a 4.5% SSSG, marking the 11th consecutive quarter of positive growth, while gross margins improved to 69.9%. The company expanded its footprint to 577 stores and is on track to reach 600 by the end of the fiscal year. In Indonesia, the Burger King business showed recovery with four quarters of positive SSSG, though the Popeyes segment remains a focus area for improvement.
Key Highlights
Revenue increased 16.5% YoY to INR 577 crores with a 4.5% SSSG in India.
Reported highest-ever company EBITDA of INR 40.6 crores, up 31.5% YoY.
Gross margins improved by 2.1% YoY to 69.9%, driven by supply chain efficiencies.
Digital adoption reached 92% of all orders, with a 47% growth in monthly active users.
Store network expanded to 577 locations, with a target of 600 stores by March 31, 2026.
💼 Action for Investors
Investors should view the consistent SSSG and margin expansion as a sign of strong operational execution in a tough environment. Monitor the turnaround progress in Indonesia and the scaling of the Popeyes brand as potential future growth drivers.
RBA Corrigendum: New Promoters to Acquire 35.12% Stake via Preferential Issue
Restaurant Brands Asia (RBA) has issued a corrigendum for its upcoming EGM on February 13, 2026, regarding a preferential issue of shares and warrants. The transaction will result in a change of control, with Lenexis Foodworks and associated entities becoming the new promoters of the company. Post-issue, the total promoter holding will stand at 35.12% on a fully diluted basis, while public shareholding will decrease from 88.74% to 64.88%. The company also confirmed the appointment of a monitoring agency as the fundraise exceeds ₹100 crore.
Key Highlights
Lenexis Foodworks to acquire 21,42,85,413 shares, representing a 26.74% stake on a fully diluted basis.
Total promoter and promoter group holding to increase to 35.12% post-transaction.
Public shareholding to be diluted from 88.74% to 64.88% following the preferential allotment and warrant conversion.
Appointment of a SEBI-registered monitoring agency is mandatory as the issue size exceeds ₹100 crore.
Existing sellers will be reclassified from the promoter category to public shareholders upon completion.
💼 Action for Investors
Investors should track the EGM outcome on February 13, 2026, as the entry of new promoters and fresh capital infusion typically signals a strategic shift and growth potential. The change in control is a significant event that may impact long-term valuation and management direction.
RBA Approves Revised AOA and Special Board Rights for New Promoter Group
Restaurant Brands Asia (RBA) has approved amendments to its Articles of Association to facilitate a change in promoter control. The new promoter group, including Lenexis Foodworks and Aayush Agrawal, will be granted specific board nomination rights based on their shareholding levels. This follows a Share Purchase Agreement where existing promoters QSR Asia and F&B Asia Ventures will exit their promoter status. The transition marks a significant shift in the company's governance and leadership structure.
Key Highlights
New promoters can nominate 4 directors if they hold at least 25% of the total paid-up equity capital.
Nomination rights scale down to 3 directors for a 15% stake and 2 directors for a 10% stake.
Existing promoters (QSR Asia and F&B Asia) will lose all special rights, including the right to appoint the CEO.
The amendments are subject to shareholder approval and the final closing of the Share Purchase Agreement dated January 20, 2026.
The Acquirer Group and IATL will be officially classified as 'promoters' under SEBI regulations upon closing.
💼 Action for Investors
Investors should closely monitor the strategic changes and management shifts that may follow the entry of the new promoter group. The removal of the previous promoter's right to appoint the CEO indicates a likely change in top-level leadership.
Urban Company Partner Earnings Rise to ₹28,322; Top 5% Earn ₹51,673 Monthly
Urban Company reported a growth in partner earnings for the 9M FY26 period, with average monthly net in-hand earnings rising to ₹28,322 from ₹26,489 in the previous year. The top 5% of service professionals now earn ₹51,673 per month, which is approximately 60% higher than entry-level IT salaries. Partners average 91 hours of work per month, resulting in an hourly rate of ₹313, which is well above statutory minimum wages. The company also highlighted its social security initiatives, including life insurance coverage of ₹10 lakh and a partnership with HDFC Pension for NPS access.
Key Highlights
Average monthly net earnings increased to ₹28,322 in 9M FY26 from ₹26,489 YoY.
Top 5% of service partners earn ₹51,673 per month, significantly outperforming entry-level IT salaries.
Service professionals earn approximately ₹313 per hour, based on an average of 91 hours worked monthly.
Comprehensive insurance benefits include ₹10 lakh life cover and ₹6 lakh disability cover for all active partners.
💼 Action for Investors
Investors should view this as a positive sign of platform efficiency and partner satisfaction, which are critical for long-term scalability. Monitor if these rising earnings lead to improved retention and service quality, supporting the company's competitive moat.
Urban Company Partner Earnings Rise to ₹28,322; Top Earners Outperform Entry-Level IT Salaries
Urban Company reported a growth in partner earnings for 9M FY26, with average monthly net in-hand earnings rising to ₹28,322 from ₹26,489 YoY. The top 5% of service professionals on the platform now earn ₹51,673 per month, which is approximately 60% higher than average entry-level IT salaries in India. Partners average 91 hours of work per month, yielding an hourly rate of ₹313, significantly above minimum wage benchmarks. This data underscores the platform's ability to attract and retain skilled labor, which is critical for its service-led business model.
Key Highlights
Average monthly net earnings increased to ₹28,322 in 9M FY26, up from ₹26,489 in the previous year.
Top 5% of service partners earn ₹51,673 per month, while the top 20% earn ₹42,418.
Partners earn an average of ₹313 per hour, working approximately 91 hours per month.
All active partners are covered by ₹10 lakh life insurance and ₹6 lakh disability insurance.
Partnership with HDFC Pension for NPS and NSDC for certified training supports long-term partner retention.
💼 Action for Investors
Investors should view this as a sign of a healthy and sustainable supply-side ecosystem, which is vital for long-term growth. High partner earnings and low churn are key competitive advantages in the home services sector.
RBA Clarifies CEO Remuneration: Variable Pay Capped at ₹40M with Performance-Linked ESOPs
Restaurant Brands Asia (RBA) has provided additional details on the remuneration for Group CEO Rajeev Varman for the period 2026-2029. The variable pay is capped at ₹40 million per annum, strictly linked to EBITDA, revenue, and store growth targets. Furthermore, annual ESOP grants are capped at 2.0 times the fixed pay, with performance-based options exercisable at a face value of ₹10. This disclosure provides transparency on executive incentives and aligns management compensation with key operational metrics.
Key Highlights
Variable pay for Group CEO Rajeev Varman is capped at ₹40 million per annum.
Annual ESOP grant value is limited to a maximum of 2.0 times the fixed pay based on benchmarking.
Performance-linked ESOPs have an exercise price of ₹10, while tenure-linked options are at Fair Market Value.
Vesting metrics are weighted: EBITDA (50%), Revenue (25%), and Net Restaurant Growth (25%).
Minimum achievement threshold for performance-linked vesting is set at 90% of the Annual Operating Plan.
💼 Action for Investors
Investors should note the strong alignment between CEO compensation and operational growth targets like EBITDA and store expansion. No immediate action is required, but the EGM on February 13, 2026, will formalize these terms.
RBA Q3 FY26: India Revenue Up 16.5%, Consolidated EBITDA Surges 85% YoY
Restaurant Brands Asia (RBA) delivered a robust Q3 FY26 performance, with consolidated revenue growing 11.8% YoY to INR 7,147 million. The India business was the primary driver, reporting a 16.5% revenue increase and a 31.5% jump in Pre-Ind AS 116 Company EBITDA to INR 406 million. India gross margins reached a record 69.9%, up 210 bps YoY, while SSSG stood at a healthy 4.5%. Although the Indonesia segment remains loss-making, consolidated Pre-Ind AS 116 EBITDA grew significantly by 85% YoY to INR 246 million.
Key Highlights
India revenue grew 16.5% YoY to INR 5,773 million with a 4.5% Same Store Sales Growth (SSSG).
India Gross Margins expanded to 69.9%, driven by menu mix and supply chain efficiencies.
Consolidated Pre-Ind AS 116 Company EBITDA rose 85% YoY to INR 246 million.
India store network reached 577 restaurants, with 554 BK Cafes now operational.
Indonesia losses narrowed slightly, with Burger King store EBITDA improving by IDR 10 billion in 9M FY26.
💼 Action for Investors
Investors should take note of the strong margin expansion and operational efficiency in the India business. The continued growth of BK Cafes and the stabilization of the Indonesia segment are critical factors for future valuation rerating.
RBA Q3 FY26: Revenue Up 16.5% to ₹577 Cr, EBITDA Grows 20.9% with 44 New Stores
Restaurant Brands Asia (RBA) reported a strong Q3 FY26 with standalone revenue growing 16.5% YoY to Rs. 5,773 million, supported by a 4.5% same-store sales growth. Profitability improved significantly as EBITDA rose 20.9% YoY to Rs. 953 million, while gross margins expanded by 210 bps to 69.9% due to supply chain efficiencies. The company aggressively expanded its footprint by adding 44 new restaurants during the quarter, bringing the total count to 577 across 141 cities. This marks the 10th consecutive quarter of positive sales growth, reflecting resilient consumer demand and operational excellence.
Key Highlights
Standalone Revenue from Operations increased by 16.5% YoY to Rs. 5,773 million.
EBITDA grew by 20.9% YoY to Rs. 953 million with a 4.5% Same-Store Sales Growth (SSSG).
Gross Margins expanded by 210 bps YoY to reach 69.9% driven by distribution efficiencies.
Added 44 new restaurants in Q3 FY26, taking the total store count to 577 across 141 cities.
Achieved 10 consecutive quarters of positive sales growth over the last 3 years.
💼 Action for Investors
The strong margin expansion and rapid store rollout indicate healthy growth momentum; investors should monitor if this operational efficiency translates into consistent bottom-line profitability.
RBA Q3 Loss Narrows to ₹70M; Revenue Up 16.5%; Board Approves ₹70/Share Preferential Issue
Restaurant Brands Asia reported a strong Q3 FY26 with revenue from operations growing 16.5% YoY to ₹5,773.17 million. The company significantly narrowed its standalone net loss to ₹70.38 million from ₹186.28 million in the same quarter last year. A major strategic shift is underway as the board approved a preferential issue of over 12.85 crore shares and 8.57 crore warrants at ₹70 per share to a new promoter group led by Lenexis Foodworks. The company also accounted for a one-time exceptional cost of ₹22.52 million related to new regulatory labor codes.
Key Highlights
Revenue from operations increased 16.5% YoY to ₹5,773.17 million in Q3 FY26.
Standalone net loss narrowed significantly to ₹70.38 million from ₹186.28 million YoY.
Board approved preferential allotment of 12.85 crore shares and 8.57 crore warrants at ₹70 per share.
Nine-month revenue for FY26 reached ₹16,982.62 million compared to ₹14,779.85 million in FY25.
Exceptional one-time charge of ₹22.52 million recognized due to changes in the Government's Labour Code definition of wages.
💼 Action for Investors
Investors should view the narrowing losses and the capital infusion at ₹70 per share as a positive sign of operational recovery and institutional backing. Monitor the upcoming shareholder meeting regarding the change in promoter classification and the impact of new leadership on expansion plans.
RBA Q3 Net Loss Narrows to ₹70.4M; Revenue Grows 16.5% YoY; Board Approves Promoter Reclassification
Restaurant Brands Asia (RBA) reported a significant narrowing of its standalone net loss to ₹70.38 million for Q3 FY26, down from ₹186.28 million in the same quarter last year. Revenue from operations grew 16.5% YoY to ₹5,773.17 million, indicating strong top-line momentum. The company is undergoing a major ownership transition, with the board approving revised special rights for the incoming promoter group, Lenexis Foodworks, following a preferential issue at ₹70 per share. An exceptional non-recurring charge of ₹22.52 million was recorded due to the implementation of new Labour Codes affecting wage definitions.
Key Highlights
Standalone revenue from operations rose 16.5% YoY to ₹5,773.17 million in Q3 FY26.
Net loss narrowed to ₹70.38 million compared to a loss of ₹186.28 million in Q3 FY25.
Board approved a preferential issue of 12.85 crore shares and 8.57 crore warrants at ₹70 per share to Lenexis Foodworks.
Exceptional item of ₹22.52 million recognized due to regulatory changes in the definition of wages under new Labour Codes.
9M FY26 revenue reached ₹16,982.62 million, showing steady growth from ₹14,779.85 million in the previous year.
💼 Action for Investors
Investors should view the narrowing losses and the entry of new promoters at a fixed price of ₹70 as a positive signal for long-term stability. Monitor the upcoming Extra-ordinary General Meeting for final approval of the preferential issue and promoter reclassification.
Urban Company Q3 FY26: Revenue Up 42% YoY, Core Business EBITDA Profit at ₹44 Cr
Urban Company reported a robust Q3 FY26 with consolidated revenue growing 42% YoY to ₹383 crore, excluding KSA impacts. The core India Consumer Services segment (excluding InstaHelp) achieved an EBITDA margin of 5.6%, up from 4.4% last year, while the Native business saw a massive 93% YoY growth in NTV. Although the company posted a consolidated EBITDA loss of ₹17 crore due to heavy investments in InstaHelp, the loss per order in that segment halved to ₹381. Management has provided a clear roadmap to reach consolidated EBITDA breakeven by Q3 FY28.
Key Highlights
Consolidated revenue from operations grew 42% YoY to ₹383 crore (excluding KSA impact).
India Consumer Services (ex-InstaHelp) EBITDA margin improved to 5.6% of NTV vs 4.4% YoY.
InstaHelp loss per order reduced significantly from ₹760 in Q2 to ₹381 in Q3 FY26.
Native business NTV grew 93% YoY, benefiting from structural advantages and cross-utilization of service partners.
Management targets consolidated EBITDA breakeven by Q3 FY28, supported by 30% of core categories already at 8% margin.
💼 Action for Investors
Investors should focus on the significant reduction in InstaHelp's unit losses and the steady margin expansion in the core India business. The company's path to sustainable profitability by FY28 makes it a strong 'Watch' for long-term growth in the tech-enabled services sector.
Urban Company to Expand ESOP Pool to 20.33 Crore Options and Implement Trust Route
Urban Company Limited has issued a postal ballot notice to seek shareholder approval for significant amendments to its 2015 Employee Stock Option Scheme. The primary proposal is to increase the total ESOP pool from 18.75 crore to 20.33 crore options to accommodate future grants. Additionally, the company plans to transition the scheme's implementation to a Trust Route, which will be supported by interest-free loans from the company. The scheme is also being expanded to include employees of subsidiary and associate companies both in India and internationally.
Key Highlights
Increase in total ESOP pool from 18,75,25,000 to 20,33,00,000 stock options
Proposed implementation of the ESOP Scheme through a dedicated Trust Route
Authorization of interest-free loans to the Urban Company ESOP Trust for share acquisition
Expansion of eligibility to include employees of all Group companies and subsidiaries globally
Remote e-voting period scheduled from January 30, 2026, to February 28, 2026
💼 Action for Investors
Investors should evaluate the potential equity dilution from the expanded 1.58 crore additional options and monitor the financial impact of providing interest-free loans to the ESOP Trust.
RBA Open Offer: Lenexis Foodworks & Others to Acquire 20.8 Cr Shares at ₹70/Share
Lenexis Foodworks Private Limited, along with Aayush Agrawal and associated entities, has issued a detailed public statement for an open offer to acquire up to 20,80,61,717 equity shares of Restaurant Brands Asia Limited (RBA). The offer price is set at ₹70.00 per share, involving a total consideration of approximately ₹1,456.43 crore. This regulatory filing follows the initial announcement on January 20, 2026, and outlines the formal process for public shareholders to tender their shares. The acquisition represents a significant potential change in the company's shareholding structure under SEBI (SAST) Regulations.
Key Highlights
Open offer to acquire up to 20,80,61,717 equity shares of ₹10 each.
Offer price fixed at ₹70.00 per share to be paid in cash.
Total potential deal value estimated at ₹14,56,43,20,190.
Acquirers include Lenexis Foodworks, Aayush Agrawal Trust, and Inspira Foodworks.
Detailed Public Statement (DPS) published on January 28, 2026, as per SEBI guidelines.
💼 Action for Investors
Investors should compare the ₹70 offer price with the current market price to determine if tendering shares is beneficial. If the market price remains significantly above ₹70, the open offer may see low participation, but it establishes a valuation floor for the stock.
Restaurant Brands Asia Receives Open Offer at ₹70 Per Share for 26% Stake
Restaurant Brands Asia (RBA) has received a Detailed Public Statement for an open offer from a consortium led by Lenexis Foodworks and Mr. Aayush Madhusudan Agrawal. The acquirers intend to purchase up to 20.81 crore equity shares, representing 26% of the expanded voting share capital, at a price of ₹70 per share. This transaction is triggered by a preferential issue and a Share Purchase Agreement, with a total open offer consideration of approximately ₹1,456.43 crore. The move signifies a potential change in the controlling interest of the company.
Key Highlights
Open offer to acquire up to 20,80,61,717 equity shares at ₹70.00 per share
Total potential cash consideration for the open offer is ₹1,456.43 crore
Acquirers include Lenexis Foodworks, Aayush Agrawal Trust, and Inspira Foodworks
Offer triggered by preferential allotment of 12.85 crore shares and 8.57 crore warrants
Negotiated price for the underlying share purchase agreement is also set at ₹70 per share
💼 Action for Investors
Investors should monitor the stock's market price relative to the ₹70 offer price; if the market price remains significantly higher, the open offer may see low participation. Long-term investors should evaluate the strategic intent of the new acquirers, specifically the Lenexis Foodworks group, in scaling the Burger King and Popeyes brands.
Urban Company Q3 Revenue Grows 33% YoY to ₹383 Cr; Net Loss Narrows Sequentially to ₹21 Cr
Urban Company reported a consolidated revenue of ₹382.68 crore for Q3 FY26, representing a 33% growth compared to the same quarter last year. While the company recorded a net loss of ₹21.26 crore, this is a significant improvement from the ₹59.33 crore loss reported in the preceding quarter. A key strategic development is the new agreement with Amber Enterprises for the manufacturing of 'Native' brand products. The board also approved a top-up to the 2015 ESOP pool and a transition to a trust-based implementation route for employee stock options.
Key Highlights
Consolidated revenue from operations rose 33% YoY to ₹382.68 crore in Q3 FY26.
Net loss narrowed to ₹21.26 crore in Q3 FY26 from a loss of ₹59.33 crore in Q2 FY26.
9M FY26 revenue reached ₹1,129.98 crore, nearly matching the full-year FY25 revenue of ₹1,144.47 crore.
Strategic manufacturing and supply agreement signed with Amber Enterprises India Limited for the 'Native' brand.
Board approved a top-up to the ESOP 2015 pool and the closure of the ESOP 2022 plan.
💼 Action for Investors
Investors should focus on the narrowing sequential losses and the potential margin impact of the manufacturing tie-up with Amber Enterprises. The strong top-line growth is positive, but the company's path to consistent bottom-line profitability remains the primary monitorable.