Harrisons Malayalam Limited has informed the Exchange about change in Management
HARRMALAYA · price
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Harrisons Malayalam Limited announced the outcome of its August 8, 2025 board meeting. The company reported unaudited standalone Q1 FY26 revenue of ₹11,645.94 lakhs, up about 19% year-on-year from ₹9,765.85 lakhs, and swung to a profit after tax of ₹596.44 lakhs versus a loss of ₹561.20 lakhs in the same quarter last year. EPS stood at ₹3.23 versus negative ₹3.04. On the governance side, Ms. Rusha Mitra was re-appointed as Independent Director for a second five-year term starting February 11, 2026, and has been named Chairperson of the Board for a short interim period from August 8 to October 1, 2025. The board also appointed M/s. SEP & Associates as Secretarial Auditors for five years from FY 2025-26 to FY 2029-30, subject to shareholder approval.
A clear return to profitability and revenue growth in Q1 FY26 is a positive for shareholders, though the company's current liabilities exceed current assets, indicating short-term liquidity stress that the board says is manageable. The temporary Chairperson arrangement and routine re-appointments suggest a stable governance transition rather than any disruption at the management level.