The Board of Directors of the Company at its meeting held today i.e on Friday, August 01, 2025 inter alia: 1. Noted the resignation of Mr. Avi Mundecha, Company Secretary and Compliance ....
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FGP Ltd's Board met on August 1, 2025 and approved unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations stood at Rs 6.54 lakhs (vs Rs 5.64 lakhs YoY), while other income was Rs 38.38 lakhs. Profit after tax came in at Rs 27.32 lakhs with EPS of Rs 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 as the new Company Secretary effective September 15, 2025. The Board also approved an alteration to the Object Clause of the Memorandum of Association to enter the commodity trading business, subject to shareholder approval via postal ballot.
The Q1 results show stable but tiny operations, with most profit driven by other income rather than core business. The move into commodity trading signals a strategic shift to generate new revenue streams, which shareholders will need to approve via postal ballot. The Company Secretary transition is routine but means the company will have a new KMP heading compliance.