Appointment and Cessation of Director.
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Awaiting price reaction for this filing.
Naturite Agro Products held a board meeting on November 7, 2025, where it approved Q2 and H1 FY26 (ended September 30, 2025) unaudited financial results along with the limited review report from statutory auditors M.N. Rao & Associates. The company appointed Mrs. Surakanti Anitha (B.Tech, ~5 years IT experience, unrelated to existing directors, holds no shares) as Additional Director cum Executive Director. Simultaneously, Mrs. Gaddam Vandana Reddy — daughter of CMD Vallabh Reddy Gaddam and holder of 8.28 lakh shares — resigned from the board with immediate effect. On the financial side, Q2 FY26 saw a sharp turnaround with operating income of ₹1,218.98 lakhs (vs ₹90.05 lakhs in Q2 FY25) and a net profit of ₹69.60 lakhs (vs a loss of ₹152.83 lakhs earlier). Half-yearly revenue stood at ₹2,144.62 lakhs with net profit of ₹71.39 lakhs, marking a strong recovery from last year's loss.
Strong revenue and profit turnaround is positive for shareholders, but the exit of a promoter-family director (daughter of CMD) holding 8.28 lakh shares is worth monitoring for governance and succession signals. The new executive director brings no related-party baggage but has limited industry-specific experience.