Concord Enviro Systems Limited has informed the Exchange about the appointment of Internal Auditors
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Concord Enviro Systems' board, at its meeting on 8 August 2025, approved the unaudited Q1 FY26 (quarter ended 30 June 2025) financial results. On a consolidated basis, revenue from operations stood at Rs. 1,023.92 million with a net profit of Rs. 41.19 million (EPS Rs. 1.99). On a standalone basis, revenue was Rs. 112.18 million and profit after tax was Rs. 39.52 million (EPS Rs. 1.90), more than double the Rs. 18.80 million PAT in Q1 FY25. The board also appointed Ms. Jyoti Nikunj Chawda as Company Secretary and Compliance Officer (effective 11 August 2025), M/s Sahajwani & Associates LLP as Internal Auditors for FY 2025-26, and M/s Martinho Ferrao & Associates as Secretarial Auditors for five years subject to shareholder approval. A scheme of arrangement was approved to write off negative Retained Earnings against the Securities Premium Account, with no change in shareholding pattern. The board also approved infusing up to Rs. 400 million into wholly owned subsidiary Concord Enviro FZE for a greenfield assembly unit project. Of the Rs. 1,620.76 million net IPO proceeds, Rs. 771.20 million has been utilised and Rs. 849.56 million is parked in bank deposits, with no deviations reported.
Q1 PAT more than doubled year-on-year on a standalone basis, which is a positive earnings signal, though consolidated revenue dipped from Rs. 2,069.93 million in Q4 FY25. The financial restructuring is a cosmetic balance-sheet adjustment that could clear the way for future dividend payments, and the Rs. 400 million infusion signals continued capacity expansion in the subsidiary. Overall, a constructive set of disclosures with no negative governance signals.