Pursuant to Regulation 30 and 33 of the SEBI (LODR) Regulation 2015, this is to inform you that the Board of Directors of the Company at its meeting held today, November 14, 2015, inter-alia ....
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The board, at its meeting on November 14, 2025, approved the unaudited standalone and consolidated financial results for Q2 and H1 FY26 ended September 30, 2025. Standalone revenue declined to Rs. 10,671.26 lakhs in H1 FY26 from Rs. 11,636.25 lakhs a year earlier, while net profit fell to Rs. 173.86 lakhs from Rs. 217.75 lakhs; consolidated PAT rose to Rs. 343.34 lakhs helped by Rs. 169.48 lakhs share from its Singapore joint venture (Agro & Spice Trading). S K Agrawal & Co issued an unmodified limited review report on both sets of results. The chairman and managing director, Mr. Krishna Kumar Mohta, resigned citing advancing age and will be appointed as Senior Strategic Consultant, while his son Mr. Bharat Mohta is redesignated from CEO to Chairman & Managing Director, subject to shareholder approval via postal ballot. Operating cash flow remained healthy at Rs. 933.67 lakhs and cash balances rose to Rs. 551.20 lakhs.
Short-term, the stock may see sentiment impact from a decline in core standalone revenue and profit despite a clean audit report and continued positive cash generation. The leadership transition within the promoter family is smooth and likely neutral for shareholders, though it brings no operational change.