Submission of outcome of Board Meeting held on even date to consider and approve the un-audited financial results for the quarter ended 30th September, 2025
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CDG Petchem Ltd's board, meeting on 14 November 2025, approved unaudited financial results for Q2 FY26 (quarter ended 30 September 2025). Revenue from operations fell sharply to Rs. 22.21 lakhs versus Rs. 109.56 lakhs in Q2 FY25. The company swung to a net profit of Rs. 13.82 lakhs for the quarter, mainly helped by Rs. 16.19 lakhs of interest income from fixed deposits rather than core operations. For H1 FY26, the net loss narrowed to Rs. 38.36 lakhs from Rs. 75.67 lakhs in H1 FY25, but full-year FY25 had shown a loss of Rs. 105.75 lakhs on revenue of Rs. 898.73 lakhs. Alongside results, the board saw significant churn: three Independent Directors (Manoj Kumar Baid, Manoj Kumar, Arvind Surana) and two Non-Executive Non-Independent Directors (Rajesh Chandanmal Dugar and Renu Dugar) resigned, as did the CFO Nikhil Agarwal and internal auditors Badal Jain & Co. New directors including Kajal Jangra, Rita Aggarwal, Jagjit Singh Rai, Arshdeep Singh Mundi, and Akashdeep Singh Mundi were appointed, along with a new CFO (Parveen Kumar) and new internal auditors (HRB & Associates).
Sharp drop in operating revenue signals continued weakness in the core business, and the quarterly profit is largely non-operating in nature. The simultaneous exit of 5 directors plus the CFO and internal auditors is unusual and warrants a closer look at governance and the reasons behind the resignations, though replacements have been quickly named to maintain board continuity.