Appointment of Secretarial Auditor of the Company subject to the approval of Shareholders
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Awaiting price reaction for this filing.
Chandra Prabhu International's board met on August 8, 2025 and approved several key items. The company declared a 1:2 bonus issue (1 bonus share for every 2 held), capitalizing ₹1.84 crore from free reserves, with paid-up shares rising from 1.84 crore to 2.77 crore. Mr. Gajraj Jain (existing CMD and promoter) was re-appointed for another 3-year term starting April 17, 2026. Authorized share capital was increased by ₹1 crore to accommodate the bonus issue. Mr. Baladeva Chitranjan was appointed as Secretarial Auditor for FY2025-26 to FY2029-30. Q1 FY26 results showed revenue of ₹27,489.84 lakhs but a wider net loss of ₹406.13 lakhs compared to a loss of ₹119.92 lakhs in Q1 FY25, mainly driven by weaker coal and metal segment performance.
The 1:2 bonus issue is shareholder-friendly, increasing share count without additional cost, though it dilutes EPS proportionally. The widening Q1 loss (EPS of ₹-2.20 vs ₹-0.65 YoY) may pressure the stock, but bonus optimism could provide short-term support. Continuity at the CMD level offers management stability.