Announced Tue, 11 Aug · 17:01 IST
MD resigns on health grounds, promoter family takes over top roles; Q1 profit jumps 83%
Ceo ResignedPromoter Family Board EntryKmp ResignedManagement Changes View source PDFExplain this filing
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction · full curve 14 horizons · vs prior close
-1.8%1-day move
₹112.00
prior close
₹112.70
base price
After-mkt
timing
5m10m15m30m1D2D3D4D5D7D15D1M2M3M
+3.5+1.2+2.0-2.4-1.8-1.8————————
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AI summary
Board approved Q1 FY27 results: consolidated revenue Rs 137.58 cr (up about 17% YoY), net profit Rs 10.75 cr (up about 83% YoY). Orders in hand stand at Rs 1,691.91 cr. MD Karim N Mithiborwala resigned citing health reasons; Saleh N Mithiborwala (current Chairman and CFO) named new MD. His son Tahaa appointed Whole-Time Director. Final dividend of 10 paise per share fixed; record date Sept 1. AGM on Sept 8.
Likely market impact
Smooth promoter-family succession; strong profit growth and large order book are positives. Dividend is token at 10 paise per share.