Change in Designation of Mr. Devendra Lal Thakur, from Non-Executive Independent Director to Non-Executive Non -Independent Director of the Company, with effect from November 24, 2025, ....
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Comfort Intech reported a standalone net loss of Rs. 67.98 lakhs for Q2 FY26 (ended September 30, 2025), compared to a profit of Rs. 115.52 lakhs in the same quarter last year, despite net sales rising to Rs. 4,525.02 lakhs from Rs. 2,595.44 lakhs in the previous quarter. The loss was driven primarily by negative other income of Rs. 222.39 lakhs caused by mark-to-market changes in equity investments, which the company clarified is due to temporary market volatility and not reflective of core business performance. For H1 FY26, standalone net sales fell to Rs. 7,120.46 lakhs from Rs. 9,414.58 lakhs a year ago, with profit after tax at Rs. 137.25 lakhs versus Rs. 422.37 lakhs. On a consolidated basis, the company reported a loss attributable to shareholders of Rs. 211.66 lakhs for the quarter. The Board also approved redesignating Mr. Devendra Lal Thakur from Non-Executive Independent Director to Non-Executive Non-Independent Director, effective November 24, 2025, following the completion of his two consecutive five-year terms as Independent Director, subject to shareholder approval.
The quarterly loss is largely non-cash and stems from market-driven valuation changes rather than operational weakness, which limits concerns about the underlying business. The director redesignation is a routine procedural change under SEBI rules after completing two terms as Independent Director and is not a governance red flag; shareholder approval will be sought at the next general meeting.