Re-appointment of CFO and Q1 FY27 results approved

Promoter Family Board EntryManagement Changes View source PDF Explain this filing

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Nifty Microcap 250market · in no size index; the smallest one is used+0.4%-0.9% vs market

Other Construction Materials peers, median of 19sector-1.6%+1.1% vs sector

On the reaction day the stock moved 0.9 pts less than Nifty Microcap 250 and 1.1 pts more than its Other Construction Materials peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

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AI summary

Board approved re-appointment of Rishi Raj Inani as CFO effective 14 November 2026. He is a Chartered Accountant, son of Managing Director Suresh Kumar Inani, with 9+ years of experience. Q1 FY27 revenue from operations fell to 1,046.81 lakhs from 1,493.57 lakhs YoY. Profit after tax declined to 29.55 lakhs from 35.29 lakhs. EPS stood at 0.08 versus 0.10. Board also approved material related party transactions with Atlas Marble and Granite and Miraak Surfaces.

Likely market impact

Weak Q1 FY27 results with lower revenue and profits. CFO re-appointment keeps finance leadership within the promoter family.