Arihant Superstructures Limited has informed the Exchange regarding Appointment of Mr. Udit Kasera as Chief Financial Officer of the company w.e.f. August 12, 2025.
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Arihant Superstructures' board, at its August 12, 2025 meeting, approved the appointment of Mr. Udit Kasera as Chief Financial Officer and Key Managerial Personnel effective the same day. Mr. Kasera brings 15+ years of experience across finance, having worked at KPMG, Deloitte, CRISIL, and Wipro, and is a CA, MBA (IIM Bangalore), and CFA. The board also approved Q1 FY26 unaudited results — standalone revenue from operations fell sharply to ₹746 lakhs (vs ₹1,985.52 lakhs in Q1 FY25), with standalone PAT at just ₹6.43 lakhs, while consolidated revenue rose to ₹12,096.43 lakhs and consolidated PAT jumped to ₹1,590.62 lakhs (vs ₹199.43 lakhs a year ago). N L Bhatia & Associates was appointed as Secretarial Auditor for five years (FY26–FY30), subject to shareholder approval. The 42nd AGM is fixed for September 27, 2025 via video conferencing.
The CFO appointment brings a strong, experienced finance professional, which may reassure investors about financial oversight. However, the sharp YoY decline in standalone revenue and negligible standalone profit of ₹6.43 lakhs is a concern, even as consolidated numbers (driven by subsidiaries) remain strong — investors should watch standalone performance closely.