Naga Dhunseri Group Limited has informed the Exchange regarding Appointment of Mr Sudarshan Mall as Chief Financial Officer of the company w.e.f. April 01, 2026.
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Naga Dhunseri Group's board, at its February 12, 2026 meeting, approved the resignation of CFO Mr. Ayush Beriwala effective March 31, 2026 due to personal reasons, and appointed Mr. Sudarshan Mall (currently with the group since 2017, holds MBA, CFA and FRM) as the new CFO effective April 1, 2026. The board also re-appointed Mr. H.P. Bhuwania as CEO for another year (March 1, 2026 to March 31, 2027). Q3 FY26 standalone results showed a loss after tax of Rs 334.01 lakhs (vs profit of Rs 41.72 lakhs a year ago), with 9M FY26 standalone loss of Rs 232.36 lakhs against a profit of Rs 801.79 lakhs last year. On a consolidated basis, Q3 PAT swung to a loss of Rs 1,116.25 lakhs from a profit of Rs 1,101.76 lakhs a year ago, though 9M consolidated profit stood at Rs 3,005.85 lakhs (vs Rs 3,985.47 lakhs).
Smooth CFO succession from an internal candidate should provide continuity, but the weak Q3 standalone and consolidated numbers, driven largely by treasury mark-to-market losses, may weigh on sentiment. Shareholders should watch Q4 treasury performance to see if the YTD standalone loss reverses.