Outcome of Board Meeting is attached.
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The Board of Synthiko Foils Limited (BSE: 513307) approved the appointment of Mr. Rajdeep Kishor Gajjar, a Chartered Accountant with over a decade of experience in finance and taxation, as the new Chief Financial Officer and Key Managerial Personnel, effective February 12, 2026. The Board also approved unaudited standalone and consolidated financial results for Q3 and 9M FY26 (ended December 31, 2025). Standalone Q3 revenue from operations was nil (the company has transferred its foil manufacturing business) with a loss of Rs 45.09 lakhs, while the 9-month period showed a profit of Rs 186.76 lakhs aided by a Rs 299.58 lakh exceptional item. Consolidated Q3 results showed a loss of Rs 121.78 lakhs. Statutory auditors M/s Mehra Goel & Co. issued an unqualified limited review report.
Appointment of a qualified CFO brings financial leadership stability. However, with revenue from operations at nil, the company is in a transition phase following the transfer of its foil manufacturing business and major acquisitions (DC&T Global as 100% subsidiary via Rs 1,046.73 crore share swap, and 99% stake in BESS Limited), so near-term earnings will be driven by the new subsidiaries rather than legacy operations.