Announced Fri, 14 Nov · 22:06 IST

Appointment of Mr. Kalpeshbhai C Shukla (Din:07773003) as an additional director (Independent director-Non executive) of the company with immediate effect subject to the approval of members (if any)

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AI summary

Riddhi Corporate Services Ltd has appointed Mr. Kalpeshbhai Chandrakishorebhai Shukla (DIN: 07773003) as an Additional Director (Non-executive, Independent) with effect from November 14, 2025, subject to shareholder approval. Mr. Shukla, aged 45, has over 17 years of experience in plumbing contracting and logistics businesses. Along with this, the company announced its unaudited Q2 FY26 standalone results: revenue from operations rose to Rs. 13,355.07 lakhs from Rs. 10,711.10 lakhs YoY (~25% growth), while profit after tax jumped to Rs. 310.84 lakhs from Rs. 131.70 lakhs YoY. For H1 FY26, revenue grew to Rs. 24,066.17 lakhs and PAT reached Rs. 442.54 lakhs versus Rs. 152.89 lakhs in H1 FY25. Basic EPS for the quarter stood at Rs. 2.60 (vs Rs. 1.09 YoY). The results were reviewed by auditors Jain Kedia & Sharma with an unqualified review report.

Likely market impact

The strong YoY growth in both revenue (~25%) and profits (~136% in Q2) is a positive signal for shareholders. The independent director addition appears to be a routine governance strengthening with no disclosed relationship to existing directors.