Announcement under Regulation 30 (LODR)- Change in Director
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Cosmo Ferrites Limited reported audited financial results for Q4 and the full year ended March 31, 2026. Revenue from operations grew ~15% to Rs 9,859 lakhs from Rs 8,566 lakhs in the prior year. The company swung from a net loss of Rs 566 lakhs in FY2025 to a net profit of Rs 26 lakhs in FY2026, with EPS recovering from -Rs 4.70 to +Rs 1.32. Operating cash flow more than doubled to Rs 1,195 lakhs from Rs 440 lakhs. The statutory auditor (Suresh Kumar Mittal & Co.) issued an unmodified opinion. Separately, the Board reappointed Dr. Himalyani Gupta as Non-Executive Independent Director for a second 5-year term effective May 12, 2027, subject to shareholder approval. The promoter has conditionally waived interest on unsecured loans (Rs 144 lakh for FY25, Rs 88 lakh for Q3-Q4 FY26) with recompense rights.
The company returned to profitability after two years of losses, with revenue growth and strong cash generation being positives. However, high borrowings (Rs 6,870 lakhs) and negative retained earnings (Other Equity of Rs 1,110 lakhs vs share capital of Rs 1,203 lakhs) signal ongoing balance sheet stress that warrants monitoring.