Intimation pursuant to Regulation 30 - Change in Directors
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SKP Securities announced its Q1 FY26 (quarter ended June 30, 2025) unaudited results, with total revenue from operations at Rs 1,040.28 lacs, up modestly from Rs 986.80 lacs in Q1 FY25. Net profit came in at Rs 285.25 lacs, down about 11% from Rs 320.65 lacs a year ago, mainly due to higher employee and other expenses. EPS stood at Rs 4.19 versus Rs 4.71 in the same quarter last year. The Board approved the appointment of Mr. Vaibhav Pachisia as Whole-time (Executive) Director for 3 years effective October 1, 2025. He is part of the promoter family (son of Naresh Pachisia and Manju Pachisia) and currently heads the Equity Research business. The Board also approved the appointment of Ms. Suparna Chakrabortti as Non-Executive Independent Director for 5 years from October 1, 2025. She is a Chartered Accountant with an MBA from Rutgers and over 20 years of experience, including 10+ years as an Independent Director on listed company boards. Both appointments are subject to shareholder approval via postal ballot.
Q1 profits dipped year-on-year despite revenue growth, reflecting cost pressure — investors may watch expense trends closely. The induction of a second-generation promoter family member onto the Board signals continuity of family control, while the addition of an experienced Independent Director is a positive governance signal.