Standard Industries Limited has announced a board meeting for the Annual General Meeting.

The company posted a net loss of Rs. 13.79 Cr, widening from Rs. 7.58 Cr last year, driven by higher expenses.

The property division continues to report losses before tax, indicating challenges with non-core assets, while the trading segment remains profitable.

The board approved the re-appointment of Shri D. H. Parekh as Executive Director for two years and renewed internal and secretarial auditors.

The company is actively exploring ways to enhance value from its Mumbai property asset.