Announced Tue, 11 Aug, 2026 · 16:53 IST
Two directors resign; Q1 net profit surges to Rs 204 lakh
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Price reaction
Awaiting price reaction for this filing.
AI summary
Advance Petrochemicals reported Q1 FY27 revenue of Rs 1,889.68 lakh (up from Rs 951.09 lakh YoY) and net profit of Rs 203.95 lakh (vs Rs 1.18 lakh YoY). The board noted resignations of Independent Director Mr. Akshat Shukla (end of term) and Director Mr. Arvind Goenka (mutual exit). Mr. Priyank Parikh was appointed as new Independent Director for 5 years. Audit, Stakeholders, and NRC committees were reconstituted.
Likely market impact
Strong Q1 profit growth signals operational improvement. Board changes appear routine with quick replacement.