Outcome of the of the Board Meeting held on Saturday, 14th February, 2026.
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The Board of Directors of Adarsh Plant Protect Ltd met on 14th February, 2026 and approved the unaudited financial results for Q3 and nine months ended 31st December, 2025. Revenue from operations for Q3 FY26 stood at Rs. 257.01 lakhs, down from Rs. 383.84 lakhs in Q3 FY25, while nine-month revenue declined to Rs. 884.86 lakhs from Rs. 1,308.17 lakhs last year. The company reported a loss of Rs. 5.40 lakhs in Q3 FY26 versus a small profit of Rs. 0.74 lakhs in the same quarter last year, and a nine-month loss of Rs. 8.72 lakhs compared to a profit of Rs. 14.81 lakhs in the prior period. The Board also noted the resignation of Mr. Himanshu Bhoi as Chief Financial Officer effective 13th December, 2025, and appointed Mr. Harsh Patel (M.Com, experienced in finance and accounts) as the new CFO with effect from 15th February, 2026. The auditors issued an unmodified limited review report on the results.
Investors should note the continued decline in revenue and a return to losses in Q3 FY26, signalling weak operating performance. The CFO change adds governance uncertainty, though the appointment of a new CFO with finance experience may help stabilize financial reporting going forward.