Intimation Regarding re-appointment of Chairman cum Managing Director
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The Board of Directors of Chandra Prabhu International Ltd met on August 8, 2025 and approved multiple items. The company declared unaudited Q1 FY26 results showing revenue from operations of Rs 27,489.84 lakhs (down from Rs 29,187.60 lakhs in Q1 FY25) and a widened net loss of Rs 406.13 lakhs versus Rs 119.92 lakhs loss in the same quarter last year. The Board also approved a 1:2 bonus issue (one bonus share for every two held), issuing 92,45,000 shares worth Rs 1.84 crore by capitalising free reserves, subject to shareholder approval at the 40th AGM. Mr. Gajraj Jain was re-appointed as Chairman cum Managing Director for another three-year term starting April 17, 2026. The authorised share capital will also be increased to accommodate the bonus issue.
Shareholders cheer the bonus issue as it rewards existing holders without cash outflow, but the deteriorating quarterly loss performance (net loss nearly quadrupled year-on-year) is a concern that may limit positive sentiment. The CMD continuity provides leadership stability, while shareholder approvals at the upcoming AGM remain pending for the bonus issue and re-appointment.