Appointment of Ms. Shalu Sarraf, as Company Secretary and Compliance Officer of the Company w.e.f September 15, 2025
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FGP Limited's board, at its August 1, 2025 meeting, approved unaudited Q1 FY26 results showing a profit after tax of ₹27.32 lakhs (vs ₹28.47 lakhs in Q1 FY25) on total income of ₹44.92 lakhs, with EPS of ₹0.23. The board noted the resignation of Mr. Avi Mundecha as Company Secretary and Compliance Officer effective August 22, 2025, and appointed Ms. Shalu Sarraf (a qualified CS with 5+ years experience, already working at FGP since June 18, 2025) to the role effective September 15, 2025. In a significant strategic move, the board approved altering the company's object clause to add commodity trading as a new line of business, subject to shareholder approval via postal ballot. The company expects this diversification to generate additional revenue with no initial capital equipment investment required.
The new commodity trading business represents a major pivot for FGP, which has historically shown minimal revenue from operations (₹6.54 lakhs in Q1) and negative other equity (₹-855.24 lakhs), potentially opening a new growth avenue. The smooth CS transition appears well-managed with an internal candidate, suggesting continuity in compliance matters.