Nidhi Granites Limited has announced a significant change in its corporate structure, with its wholly owned subsidiary undergoing a name change. The company, previously known as Auro Fintech Private Limited, has been rebranded as Paynov8 Private Limited, effective October 15, 2025.

Corporate Action Details

The name change has been officially approved and registered by the Registrar of Companies, as confirmed in a regulatory filing by Nidhi Granites Limited. The Certificate of Incorporation reflecting this change has been duly issued, marking the formal transition to the new identity.

Timeline and Background

Regulatory Compliance

The company has adhered to the regulatory requirements by intimating the BSE Limited about this development under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This ensures transparency and keeps stakeholders informed about significant changes within the organization.

Legal Considerations

As per Section 12 of the Companies Act, Paynov8 Private Limited is required to display its old name alongside the new one for a period of two years at all places where the company name is required to be displayed. This ensures continuity and clarity for all stakeholders during the transition period.

Investors and stakeholders are advised to take note of this change and update their records accordingly. For the latest information on the company and its directors, interested parties can refer to the Ministry of Corporate Affairs website at www.mca.gov.in/MCA21 .

Nidhi Granites Limited, a company engaged in the granite industry, has reported a significant decline in revenue and a return to loss for the first quarter.

Financial Performance

The company's total income for the quarter stood at ₹10.16 lakhs, representing a sharp 73.4% decrease from ₹38.22 lakhs in the previous quarter. This substantial drop in revenue has impacted the company's bottom line, resulting in a net loss after tax of ₹28.10 lakhs, compared to a profit of ₹25.89 lakhs in the preceding quarter.

Key Financial Metrics

Figures in ₹ lakhs, except EPS

The basic and diluted earnings per share (EPS) for the quarter turned negative at ₹0.35, compared to a positive ₹0.32 in the previous quarter.

Year-on-Year Comparison

While the quarter-on-quarter performance shows a significant decline, there is a marginal improvement when compared to the same quarter of the previous year. In Q1 of the previous year, the company had reported a loss in total income of ₹8.32 lakhs and a net loss after tax of ₹25.24 lakhs.

Balance Sheet Position

The company's equity share capital remained unchanged at ₹800 lakhs, providing a stable capital base despite the challenging quarter.

Conclusion

Nidhi Granites Limited's first quarter results reflect a challenging period for the company, with a substantial decline in revenue and a return to loss. Investors and stakeholders will likely be watching closely to see how the company plans to address these challenges and improve its performance in the coming quarters.

The company's ability to manage costs, potentially diversify revenue streams, and capitalize on any market opportunities will be crucial for its financial recovery and future growth prospects.