IVP Limited has informed the Exchange regarding Change in Director(s) of the company.
IVP · price
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Awaiting price reaction for this filing.
IVP Limited announced that Mr. T. K. Gowrishankar will step down as Director and Chairman of the Board effective August 1, 2025, after serving in the role. Existing Director Mr. Rajkumar Lekhwani has been appointed as the new Chairman from the same date, ensuring a smooth internal transition. In the same board meeting, the company approved its unaudited financial results for Q1 FY26 (quarter ended June 30, 2025). Revenue from operations came in at ₹13,819 lakhs, nearly flat compared to ₹13,826 lakhs in the same quarter last year. However, profit after tax fell sharply to ₹119 lakhs (from ₹343 lakhs in Q1 FY25), with EPS declining to ₹1.15 versus ₹3.32 a year ago.
An internal succession for the Chairman role is generally seen as stability-friendly for shareholders, but the steep drop in quarterly profit despite steady revenue is a concern that may weigh on the stock in the near term and deserves a closer look at margins and cost trends.