Board of Directors in its Meeting Held on 23.05.2026 approved the appointment of Mr. Anit Kumar Roy as a CFO of the Company with immediate effect
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The Board of Directors meeting held on May 23, 2026 approved the audited standalone financial results for the year ended March 31, 2026. The company reported total income of Rs. 4,503.68 lakh with a profit before tax of Rs. 709.92 lakh, up from Rs. 197.25 lakh in the previous year. Key leadership changes include the resignation of Mr. Avijeet Kumar as CFO effective May 14, 2026 (he continues as Managing Director), and the appointment of Mr. Anit Kumar Roy as the new CFO effective May 23, 2026. The board also approved increasing the authorized share capital from Rs. 3 crore to Rs. 13 crore. Auditors gave an unmodified opinion on the financial statements.
The CFO transition and continued MD role suggests a smooth handover at the finance helm. The significant jump in profits (260% YoY) and the 4x increase in authorized share capital signal potential future expansion or fundraising plans. The share capital increase could be a precursor to equity dilution or mergers.