Pashupati Cotspin Limited has informed the Exchange regarding Resignation of Mr Bijal Kaivan Thakkar as Company Secretary & Compliance Officer of the company w.e.f. August 13, 2025.
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Pashupati Cotspin Limited's board, at its meeting on August 13, 2025, approved its unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended June 30, 2025) — the first set of quarterly results prepared under Ind AS following its migration from the NSE SME platform to the main board of NSE and BSE on July 17, 2025. Standalone revenue from operations fell to Rs. 10,608.46 lakhs (vs. Rs. 15,572.40 lakhs in Q1 FY25), with net profit at Rs. 203.03 lakhs (vs. Rs. 236.43 lakhs) and EPS of Rs. 1.29. Consolidated revenue was Rs. 11,849.61 lakhs with a net profit of Rs. 192.77 lakhs. The board also accepted the resignation of Mrs. Bijal Kaivan Thakkar as Company Secretary & Compliance Officer (a Key Managerial Personnel) effective August 13, 2025, citing personal reasons. Post her exit, the Chairman & Managing Director and the CFO will handle KMP-related materiality disclosures until a replacement is named.
The Q1 YoY decline reflects the seasonal nature of the cotton ginning business (which runs from October to April) and is not directly comparable to the prior-year quarter. The resignation of the Company Secretary leaves a key compliance role vacant, with no replacement announced yet — investors should watch for an update, as prolonged gaps in the CS position can attract regulatory scrutiny.