Arex Industries announced a board meeting where it approved the financial results for the quarter ended June.

The company reported a profit of **8.81 Cr**, significantly boosted by an exceptional gain of **9.54 Cr** from a matured Keyman Insurance Policy.

Revenue from operations stood at **14.26 Cr**. The board also approved the 37th Annual General Meeting on September 23, fixed September 16 as the record date for final dividend distribution, and re-appointed Mr. Aviv Divekar as an Independent Director for another five-year term, pending shareholder approval.