Nilkamal Limited has informed the Exchange about change in Management
NILKAMAL · price
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Awaiting price reaction for this filing.
Nilkamal Limited's board approved Q1 FY26 (quarter ended June 30, 2025) unaudited financial results with a clean (unmodified) auditor review. Standalone revenue grew 19% YoY to ₹864 crores, driven by 19% growth in the B2B segment and 15% growth in retail & e-commerce. However, standalone PAT declined to ₹10 crores from ₹14 crores YoY, with margins under pressure in the furniture trade business. Consolidated PAT was ₹15 crores versus ₹18 crores last year. The company has planned a capex of around ₹150 crores for FY26, and CARE Ratings reaffirmed its long-term rating of AA (Stable). Additionally, the board appointed Mr. Gautam G. Chakravarti (ex-HUL, IIM Ahmedabad alumnus) as an Additional Independent Director for five years, subject to shareholder approval via postal ballot (e-voting cut-off: August 15, 2025).
The stock may see mixed sentiment — strong top-line growth is positive, but the YoY decline in standalone and consolidated profit could weigh on short-term sentiment. The appointment of a highly experienced independent director is a neutral-to-positive governance signal, with no material disruption to operations or strategy.