Cosmo first Limited has announced that its Board of Directors will convene on February 11, 2026, to review and approve the company's unaudited financial results for the third quarter of fiscal year 2026. The meeting represents a key corporate governance milestone as the company prepares to disclose its quarterly performance to stakeholders.

Board Meeting Details

The formal board meeting has been scheduled in accordance with regulatory requirements and will focus specifically on the financial results for the quarter ended December 31, 2025. The company has fulfilled its obligation to provide advance notice to stock exchanges as mandated by securities regulations.

Regulatory Compliance

The board meeting intimation was issued pursuant to Regulation 29 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulation mandates listed companies to inform stock exchanges about board meetings where financial results will be considered, ensuring transparency and timely disclosure to market participants.

Stock Exchange Communication

Company Secretary and Compliance Officer Jyoti Dixit formally communicated the board meeting schedule to both major Indian stock exchanges on February 06, 2026. The intimation was sent to BSE Limited, where the company trades under scrip code 508814, and to the National Stock Exchange of India, where it is listed with the security ID "COSMOFIRST".

The upcoming board meeting will provide investors and market participants with insights into Cosmo First Limited's operational and financial performance during the third quarter of the current fiscal year.

Cosmo First Limited has initiated legal proceedings against the Gujarat state government, filing a writ petition before the Gujarat High Court to challenge what it considers inadequate incentive payments under the Gujarat Industrial Policy 2015. The company disclosed this material litigation through a regulatory filing dated January 22, 2026, in compliance with SEBI listing regulations.

Legal Challenge Details

The writ petition has been filed under Article 226 of the Constitution of India before the Hon'ble Gujarat High Court. The respondents in the case include the State of Gujarat, Industries and Mines Department, Gandhinagar and Industries Commissionerate, Gandhinagar. The core dispute centers on the company's claim that it has received lower incentives than entitled under the state's industrial policy framework.

Financial Claims and Implications

The financial stakes in this litigation are substantial for Cosmo First Limited. The company has provided detailed disclosure of the monetary aspects of its legal challenge:

The company is seeking a refund of balance tax incentive amounting to ₹58.34 crores up to March 2025, while the expected financial implications include additional incentive accrual of ₹33.53 crores. These figures represent the quantum of claims being pursued through the legal proceedings.

Regulatory Compliance

Cosmo First Limited has fulfilled its disclosure obligations under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, which mandates companies to inform stock exchanges about material litigation. The disclosure was made in accordance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Policy Context

The Gujarat Industrial Policy 2015 was designed to promote industrial development in the state through various incentives and benefits. The current dispute suggests disagreement between the company and state authorities regarding the interpretation or application of incentive provisions under this policy framework. The outcome of this litigation could have implications for how industrial incentives are calculated and disbursed under the state policy.