considered and approved reappointment of Mr. Murari Mallawat08809840 Whole Time Director for a further period of five years from 28-09-2025to27-09-2030 subject to approval of members in ....
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Awaiting price reaction for this filing.
The board approved standalone unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Total revenue from operations fell to ₹4,444.78 lakhs from ₹6,422.12 lakhs a year ago, a decline of roughly 31%. Profit after tax dropped sharply to ₹321.33 lakhs from ₹607.10 lakhs (down about 47%), with basic EPS falling to ₹1.35 from ₹2.55. The board re-appointed Mr. Murari Mallawat (DIN: 08809840) as Whole Time Director for another five years, from September 28, 2025 to September 27, 2030, subject to shareholder approval; he is the nephew of promoter Mr. Pawankumar Nathmal Mallawat. Additionally, Mr. Ranjit Binod Kejriwal was appointed as Secretarial Auditor for five years (FY2025-26 to FY2029-30), also pending shareholder approval.
The sharp year-on-year drop in both revenue and profit could pressure the stock in the near term. The re-appointment of a promoter family member and the new secretarial auditor are routine governance matters that only require shareholder nod at the upcoming AGM.