The Board of Directors of Caprihans India Limited has informed the exchange about outcome of Board Meeting held on November 12, 2025
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The Board approved unaudited standalone and consolidated financial results for Q2 and H1 FY26 ended September 30, 2025. Consolidated revenue from operations fell to Rs. 174.77 Cr in Q2 FY26 vs Rs. 191.74 Cr in Q2 FY25 (a roughly 9% year-on-year decline), while H1 revenue came in at Rs. 356.66 Cr vs Rs. 374.09 Cr. The company continued to report losses with a Q2 net loss of Rs. 24.89 Cr and an H1 net loss of Rs. 38.45 Cr, compared to a Q2 FY25 net loss of Rs. 28.36 Cr. Loss before tax (excluding the prior-year exceptional item) actually widened from Rs. 21.42 Cr to Rs. 25.28 Cr, signalling margin pressure. Mr. Pritam Paul stepped down as Company Secretary & Compliance Officer (continuing as VP & Business Head - Flexible PVC) and was replaced by Mr. Rajesh P. Likhite effective November 13, 2025. The auditor (Patki & Soman) issued an unmodified review conclusion but drew attention to a Bilcare public fixed deposit liability of Rs. 45.33 Cr (of which Rs. 38.81 Cr is earmarked with the lead bank). Note that Q1 FY26 was previously reviewed by a different firm (Batliboi & Purohit).
Shareholders should note persistent quarterly losses, declining top line, and the highlight from the auditor regarding the unresolved Bilcare fixed deposit obligation, which together point to ongoing operational and balance-sheet stress. The leadership change in the compliance officer role is routine but worth tracking for execution continuity.