Appointment of Mr. Ankit Tibrewala, as a Non-Executive Independent Director of the Company, with effect from October 28, 2025.
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Awaiting price reaction for this filing.
Comfort Commotrade reported weak Q2 FY26 (ended September 30, 2025) results, swinging to a standalone loss of Rs. 114.56 lakhs from a profit of Rs. 715.75 lakhs in the same quarter last year. Total income for the quarter fell sharply to Rs. 284.22 lakhs versus Rs. 759.41 lakhs a year ago, mainly due to lower share sales and derivative trading income. For the half year, standalone profit after tax dropped to Rs. 546.72 lakhs (EPS Rs. 5.46) from Rs. 1,434.69 lakhs (EPS Rs. 14.32) in H1 FY25. Consolidated H1 FY26 PAT also declined to Rs. 542.08 lakhs from Rs. 1,411.55 lakhs. Separately, independent director Devendra Lal Thakur resigned citing personal pre-occupations, and Ankit Tibrewala (a Certified Management Accountant and entrepreneur) was appointed as a new Non-Executive Independent Director for a five-year term.
The steep YoY fall in revenue and the quarterly loss point to a significant slowdown in the company's trading and investment business, which may weigh on the stock sentiment. The board changes appear routine — a single independent director exit and replacement with no governance red flags flagged.