Re-appointment of Directors
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The board at its meeting on August 12, 2025 approved the unaudited results for Q1 FY26 (quarter ended June 30, 2025), with revenue from operations of roughly ₹1,114 lakhs versus about ₹1,128 lakhs in the same quarter last year, indicating broadly flat performance with a slight dip. Mr. Anuj Inani was re-appointed as Whole Time Director and Mr. Mahesh Kumar Inani as Joint Managing Director, both effective October 1, 2025. Both belong to the promoter Inani family (Anuj is the son of Mahesh, who is the brother of Managing Director Capt. Suresh Kumar Inani), keeping the top three executive roles within the family. The board also cleared material related party transactions with Atlas Marble and Granite Tr. and Miraak Surfaces Pvt. Ltd. Practising Company Secretary Anil Somani & Associates stepped down as secretarial auditor and was replaced by Varun Kabra & Associates for a five-year term, subject to shareholder approval.
Q1 results are essentially flat, so no major earnings surprise either way. Re-appointing promoter family members keeps the ownership and management structure unchanged, which removes near-term governance churn but means investors continue to rely on one family for top-level decisions. The two material related party transactions with connected entities (Atlas Marble and Miraak Surfaces) merit shareholder attention for arm's-length pricing. The secretarial auditor change is routine but adds a small governance note.