Concord Enviro Systems Limited has informed the Exchange about Appointment of Company Secretary/Compliance Officer
CEWATER · price
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Concord Enviro Systems' board met on August 8, 2025 and approved multiple items. Q1 FY26 standalone revenue was Rs. 112.18 million (down ~48% from Rs. 216.79 million in Q1 FY25), but profit after tax rose to Rs. 39.52 million from Rs. 18.80 million, with EPS of Rs. 1.90. Consolidated revenue dropped to Rs. 1,023.92 million and net profit fell sharply to Rs. 41.19 million from Rs. 471.31 million in Q1 FY25, partly due to discontinued operations at Blue Water Trading & Treatment FZE. The board appointed Ms. Jyoti Nikunj Chawda as new Company Secretary and Compliance Officer (effective August 11, 2025), appointed Sahajwani & Associates LLP as Internal Auditors for FY26, and Martinho Ferrao & Associates as Secretarial Auditors for 5 years. It also approved a Scheme of Arrangement to set off negative retained earnings against the Securities Premium Account (no change to shareholding pattern) and amendment of the ESOP 2022 plan. Additionally, up to Rs. 400 million will be infused into wholly owned subsidiary Concord Enviro FZE in one or more tranches.
Mixed results: sharp revenue decline year-on-year on both standalone and consolidated bases, but standalone profits improved. The new CS appointment fills a key compliance role. The restructuring scheme will clean up the balance sheet by eliminating negative retained earnings, which could support future dividend payments without any dilution or cash outflow. Investors should note the discontinuation of Blue Water FZE and the significant unutilized IPO proceeds (Rs. 849.56 million) still parked in bank deposits.