What’s new

• Profit of ₹2.54 crore in the June quarter.
• Revenue reversal of ₹1.01 crore from a cancelled unit sale.
• Re-appointment of Ritika Bhalla as independent director for a second term.

Why it matters

For a non-operational shell awaiting a merger, the profit is cosmetic—almost entirely from other income and a reversal. The quarterly numbers offer no real signal on business progress. The only material catalyst is the Lodha merger.

What we’re watching

• AGM on August 28, 2026 for shareholder vote on director reappointment.
• Any update on the merger with Lodha Developers.
• Whether operational activity resumes beyond the shell status.

The full read

National Standard's June quarter numbers look like a profit of ₹2.54 crore, but the fine print tells a different story. The company reversed ₹1.01 crore in revenue from a cancelled unit sale, and other income lifted total income to ₹3.47 crore. Underlying operations remain nil. The board also approved the re-appointment of Ritika Bhalla as an independent director for a second term, and scheduled the 63rd AGM for August 28, 2026. For a micro-cap shell awaiting a merger with Lodha Developers, these are routine procedural items. The profit is cosmetic. The only date that matters is the AGM, and beyond that, the merger.

Primary source: BSE · NSE