Appointment of Mr. Jayasankar. O, as the CFO and KMP of the Company with effect from 29th May, 2026
Awaiting price reaction for this filing.
The Board of Directors approved the appointment of Mr. Jayasankar O as Chief Financial Officer (CFO) and Key Managerial Personnel (KMP) effective May 29, 2026. This appointment follows the resignation of Mrs. Bhavani, who stepped down as CFO and KMP effective May 13, 2026. Mr. Jayasankar is a finance professional with 16 years of experience, including 13 years in manufacturing, holding a B.Com. degree from University of Calicut. The company also reported standalone audited financials for FY2026, with revenue declining to Rs 15,607 lakh from Rs 18,637 lakh in FY2025, and net profit dropping to Rs 443 lakh from Rs 2,319 lakh year-on-year. Operating cash flow improved significantly to Rs 5,082 lakh from negative Rs 1,906 lakh previously.
The CFO change appears routine as it was triggered by the predecessor's voluntary resignation. The sharp decline in net profit (down 81% YoY) and revenue contraction are more concerning for shareholders, though the auditors issued an unmodified opinion.