1.Approved and took on record the un-audited financial results of the Company, for the quarter ended on December 31, 2025 2.Board taken note of the resignation of Mr. Gagandeep from the ....
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Sarup Industries' board approved the un-audited financial results for the quarter ended December 31, 2025. Total income from operations stood at Rs. 353.85 lakhs, down from Rs. 427.61 lakhs in the previous quarter and Rs. 468.58 lakhs in the year-ago quarter. Net profit for the quarter was Rs. 5.41 lakhs (vs Rs. 12.61 lakhs in Q2 FY26 and Rs. 12.63 lakhs in Q3 FY25). The company's reserves remain negative at Rs. -626.42 lakhs, reflecting accumulated losses. The board accepted the resignation of Mr. Gagandeep as Chief Financial Officer and Key Managerial Personnel due to personal reasons, effective the same day. Ms. Rajwinder Kaur, a commerce graduate with over 15 years of finance experience, was appointed as the new CFO and KMP.
Declining quarterly revenue and profit, combined with persistently negative reserves, point to ongoing operational and financial stress for shareholders. While the CFO transition is a routine KMP change, the simultaneous appointment on the same day as the resignation keeps leadership continuity intact.