Appointment of Mr. Nehal Kargatia as Additional Director (executive) of the Company as well as Chief Executive Officer of the Company with immediate effect subject of approval of members ....
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Riddhi Corporate Services announced unaudited Q1 FY26 results (quarter ended June 30, 2025) along with the appointment of a new CEO. Total income jumped about 57% year-on-year to ₹11,033.60 lakhs from ₹7,030.95 lakhs, driven by revenue from operations of ₹10,711.10 lakhs. Despite the strong top-line growth, profitability slipped — profit after tax fell around 17% YoY to ₹131.70 lakhs (from ₹158.58 lakhs) and EPS dropped to ₹1.09 from ₹1.34, indicating margin pressure. Separately, the board approved the appointment of Mr. Nehal Yashvantbhai Kargatia (DIN: 10324042) as Additional Executive Director and CEO with immediate effect, subject to shareholder approval. He has been with the company for over 7 years as an associate manager, bringing expertise in logistics and digitalization, making this an internal succession.
Strong revenue momentum is positive, but declining profits and EPS point to rising costs or thinning margins that shareholders should track. The internal CEO appointment signals leadership continuity, though a new face at the top warrants monitoring of strategic direction in coming quarters.