Change in Management - resignation of Mr . Devanshu Ravinder Dange from the position of Company secretary, compliance officer and KMP w.e.f. closing business hours of July 31, 2025 due ....
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The board accepted the resignation of Mr. Devanshu Ravinder Dange from the positions of Company Secretary, Compliance Officer, and Key Managerial Personnel effective July 31, 2025, citing personal reasons. Mr. Shailendra Vyas was appointed as the new Company Secretary, Compliance Officer, and KMP effective August 1, 2025. The board also approved the unaudited Q1 FY26 results showing revenue from operations of Rs. 32.19 lakhs, down from Rs. 37.53 lakhs in Q4 FY25 and Rs. 41.11 lakhs in Q1 FY25. Net profit for the quarter stood at Rs. 1.40 lakhs versus Rs. 8.18 lakhs in the same quarter last year. The 33rd AGM was scheduled for September 2025 at the registered office in Hyderabad.
A routine KMP transition with immediate replacement, suggesting continuity in compliance functions. However, the declining quarterly revenue and sharp drop in profit may concern shareholders about the company's near-term business momentum.