Dharmaj Crop Guard Limited has informed the Exchange regarding Resignation of Mr Bhaveshkumar Ponkiya as Non- Executive Independent Director of the company w.e.f. August 13, 2025.
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Dharmaj Crop Guard announced the resignation of Mr. Bhaveshkumar Ponkiya as Non-Executive Independent Director effective August 13, 2025, citing other professional commitments with no other material reasons disclosed. To fill the gap, the board approved the appointment of Mr. Umesh Menon and Mr. Bhupatray Khunt as Additional Independent Directors for a 5-year term starting August 14, 2025, subject to shareholder approval. The company also appointed M/s. D. I. Somaiya and Associates as Strategic Advisor for two years. Separately, Q1 FY26 (quarter ended June 30, 2025) results were strong: revenue from operations rose to ₹3,673.83 million (up ~44% YoY from ₹2,552.81 million), and net profit jumped to ₹325.87 million (up ~116% YoY from ₹150.67 million), translating to an EPS of ₹9.64 versus ₹4.64 a year ago.
The director change appears routine and is being offset by two new independent director appointments, so governance continuity is maintained. The strong Q1 earnings, driven by seasonal agri-input demand, are the main positive takeaway and may support near-term investor sentiment.