Appointment of Mr. Mahesh Birla as CFO of the Company w.e.f. May 07, 2025
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Ekansh Concepts Ltd held a board meeting on May 6, 2025 and announced several key decisions. Mr. Heeralal Agarwal resigned as Chief Financial Officer due to personal reasons effective end of business hours on May 6, 2025, but will continue as Whole-Time Director. Mr. Mahesh Birla, a Chartered Accountant with over 15 years of experience in financial reporting, treasury, and audit, has been appointed as the new CFO (KMP) effective May 7, 2025. The board also approved audited standalone and consolidated financial results for FY ended March 31, 2025, with the company returning to a net profit of Rs 188.61 lakhs compared to a net loss of Rs 326.61 lakhs in the previous year. Additionally, M/s. Nidhi Bajaj & Associates was appointed as Secretarial Auditor for a five-year term from FY 2025-26 to FY 2029-30, subject to shareholder approval. The company clarified it does not fall under the Large Corporate category.
The CFO transition appears smooth since the outgoing CFO retains a board position, minimizing leadership disruption. The return to profitability in FY25 and sharp reduction in borrowings (from Rs 5,408.36 lakhs to Rs 1,113.24 lakhs) are positive signs, though total income declined modestly. Shareholders may view the appointment of an experienced new CFO favorably.