Change in management as per the attached outcome of the Board Meeting
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Hind Commerce's board, which met on August 7, 2025, approved the unaudited financial results for Q1 FY26 (quarter ended June 30, 2025), which show continued losses with revenue from operations around Rs 15-21 lakh and a loss per share of Rs 0.15. The board appointed Mr. Umesh Lahoti as Managing Director for a 5-year term — notably, he is the brother of existing director Mr. Ujwal Lahoti, indicating a family-led management transition. Mrs. Archna Maheshwari (Company Secretary with 18 years of experience) was appointed as an Additional Non-Executive Independent Director for 5 years. Mrs. Sonam Jain, the existing Company Secretary, was also appointed as Secretarial Auditor for FY26-FY30. The 40th AGM is scheduled for September 24, 2025, with book closure from September 18-24, 2025.
For shareholders, this is essentially a family-led management reshuffle rather than a strategic shift — the new MD is the brother of an existing director, which may raise governance questions for some investors but provides continuity. Financial performance remains weak, with the company reporting losses and minimal revenue. These director appointments are subject to shareholder approval at the upcoming AGM.