Resignation of Mr. Venkataraman Yerra Milli from the whole-time Directorship of the company is enclosed.
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POCL Enterprises reported strong Q1 FY26 (quarter ended June 30, 2025) results with standalone net profit of Rs 1,164.08 lakhs, up about 85% from Rs 628.18 lakhs in Q1 FY25. Net sales rose modestly to Rs 37,242.92 lakhs (vs Rs 36,368.98 lakhs), while basic EPS jumped to Rs 4.11 from Rs 2.25. The Metal segment remained the biggest contributor with revenue of Rs 27,964.25 lakhs. On the board front, Whole-time Director Mr. Venkataraman Yerra Milli resigned but was reappointed as Executive Director – Marketing (Non-Board) and Senior Management Personnel to continue leading the marketing function. Mr. Harish Kumar Lohia joined as Additional Non-Executive Director, while Mrs. Nupur Bansal and Mr. Sagar Bansal were appointed as Additional Whole-time Directors for a 3-year term. M/s. CNGSN & Associates LLP was recommended as new Statutory Auditor for 5 years, replacing retiring M/s. Darpan & Associates. The 37th AGM is fixed for September 26, 2025, with September 5, 2025 set as the record date for dividend eligibility.
Sharp YoY profit growth and continuity of the marketing leadership (despite a board-level reshuffle) are positive signals for shareholders. Investors holding shares on the September 5, 2025 record date will be eligible for any dividend declared at the upcoming AGM.