Sashwat Technocrats Reports Increased Revenue Amid Losses; Avishkar Infra Realty Publishes Results

Avishkar Infra Realty Limited and Sashwat Technocrats Limited have recently disclosed their financial results for the quarter ended June 30, revealing contrasting performances in the challenging economic landscape.

Sashwat Technocrats' Financial Performance

Sashwat Technocrats Limited reported a significant increase in total income from operations for the quarter ended June 30. The company's revenue rose to Rs 3.52 lakh, compared to a negative Rs 0.93 lakh in the previous quarter, marking a substantial improvement in its top line.

However, despite the revenue growth, the company faced challenges in profitability:

• Net loss after tax widened to Rs 5.99 lakh, compared to Rs 1.26 lakh loss in the prior quarter.
• Earnings per share (EPS) stood at negative Rs 1.96 for the quarter.
• The company's paid-up equity share capital remained unchanged at Rs 30.62 lakh.

Avishkar Infra Realty's Disclosure

Avishkar Infra Realty Limited, formerly known as Joy Realty Limited, has published its unaudited financial results for the quarter ended June 30. The company made this disclosure in compliance with regulatory requirements:

• Results were published in English in The Business Standard newspaper on August 13.
• The Marathi version was published in Tarun Bharat newspaper on the same date.

This disclosure aligns with Regulation 30 and Regulation 47 of SEBI (Listing Obligation and Disclosure Requirements) Regulation, 2015, demonstrating the company's commitment to transparency and regulatory compliance.

Corporate Governance and Compliance

Both companies have shown adherence to regulatory standards:

• Sashwat Technocrats' results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 11.
• Avishkar Infra Realty promptly informed the stock exchanges about the publication of their results, as required by SEBI regulations.

These financial disclosures provide investors and stakeholders with crucial insights into the companies' performances and financial positions as they navigate the current economic environment.