EQUIPPP Social Impact Technologies has announced a board meeting, finalizing the financial results for the quarter.
Consolidated revenue hit ₹9.34 Cr with a ₹0.26 Cr profit, significantly boosted by subsidiaries, while standalone shows a ₹0.17 Cr loss on ₹0.33 Cr revenue.
The company is advancing its IP business through state government collaborations, including a new MoU in Andhra Pradesh to empower the turmeric value chain.
Strategic focus includes exploring methods like preferential issue or rights for acquiring 65% of EQUIPPP Inc. Dr. Ajay Kumar Singh, from ISB Hyderabad and Zen Technologies, was appointed as an Independent Director.
Overdue trade receivables of ₹1.22 Cr are noted, with recovery actions ongoing.
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