Banka BioLoo Limited has informed the Exchange regarding Appointment of Ms Srilakshmi Manjula Chaitanya Chunduru as Company Secretary & Compliance Officer of the company w.e.f. May 26, 2026.
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Banka BioLoo Limited reported a turnaround in profitability for FY2026 ending March 31, with standalone net profit of Rs. 38.21 lakhs compared to a loss of Rs. 929.64 lakhs in the previous year. Consolidated revenue grew to Rs. 5,709.24 lakhs with PAT of Rs. 39.31 lakhs versus a loss of Rs. 890.87 lakhs last year. The Board approved appointment of Ms. Srilakshmi Manjula Chaitanya Chunduru as Company Secretary and Compliance Officer effective May 26, 2026. The company also appointed M/s. SMAB & Associates as Internal Auditors for FY 2026-2027 and updated its Whistleblower policy. Key concerns include Rs. 687.44 lakhs in government receivables (Rs. 125.26 lakhs overdue over 2 years) and the ongoing CIRP proceedings of subsidiary Enzotech Solutions Pvt Ltd.
The company returned to profitability after significant losses, though scale remains modest. The subsidiary's insolvency proceedings and high government receivables pose ongoing risks. Appointment of a new Company Secretary strengthens compliance governance.