Duke offshore Limited has formally notified the BSE about an upcoming board meeting scheduled to review its quarterly financial performance. The company has issued an official intimation regarding this important corporate development.

Board Meeting Details

The board of directors will convene on Saturday, February 14, 2026, at 2:00 PM to conduct official business. The meeting venue has been confirmed as the company's registered office premises.

Meeting Agenda

The board will primarily focus on reviewing the company's financial performance for the quarter ended December 31, 2025. The key agenda items include:

• Consideration and approval of unaudited financial results for Q3FY26
• Any other business matters requiring board approval with the chairperson's permission

Regulatory Compliance

This board meeting notification has been issued in strict adherence to regulatory requirements. The company is fulfilling its obligations under Regulation 29 read with Regulation 33 of the Listing Regulations, ensuring proper disclosure to market participants and maintaining transparency in corporate governance.

Corporate Communication

The official intimation was signed by Venkatesham Gangadhar Busa, Chief Financial Officer, and dispatched to the BSE's Department of Corporate Services. The communication carries the company's official stamp and maintains all required corporate formalities for such regulatory disclosures.

Duke Offshore Limited , an offshore business operator, has reported a significant increase in net loss for the quarter ended June 30, 2025, according to the company's latest financial results.

Financial Performance

The company's unaudited financial results for Q1 FY2026 reveal:

Duke Offshore's total income saw a sharp decline of 91.32% year-over-year, dropping from Rs. 74.93 lakhs in Q1 FY2025 to Rs. 6.50 lakhs in Q1 FY2026. The company's revenue from operations stood at Rs. 6.93 lakhs, while other income accounted for Rs. 6.50 lakhs.

Despite a 53.43% reduction in total expenses, from Rs. 98.90 lakhs to Rs. 46.06 lakhs, the company's net loss widened by 65.04% to Rs. 39.56 lakhs, compared to a loss of Rs. 23.97 lakhs in the same quarter last year.

Operational Highlights

• Employee benefits expense decreased to Rs. 21.23 lakhs from Rs. 23.14 lakhs in the previous year's quarter.
• Depreciation, amortization, and depletion expenses reduced significantly to Rs. 10.02 lakhs from Rs. 26.25 lakhs.
• Other expenses saw a substantial decrease, dropping to Rs. 14.81 lakhs from Rs. 49.11 lakhs.

Company Overview

Duke Offshore Limited operates in the offshore business segment and has a paid-up equity share capital of Rs. 985.72 lakhs. The company's financial results were reviewed and approved by the Board of Directors in a meeting held on August 14, 2025.

Auditor's Review

The statutory auditors, Kirtane & Pandit LLP, Chartered Accountants, have issued an unmodified audit report on the standalone financial results for the quarter ended June 30, 2025. The auditors conducted their review in accordance with the Standard on Review Engagements (SRE) 2410.

Duke Offshore Limited continues to face challenges in its operational performance, as reflected in the widened losses and decreased revenue. The company's ability to manage expenses in the face of declining income will be crucial for its financial health in the coming quarters.