Appointment of Company Secretary and Compliance Officer 9Key Managerial Personnel) w.e.f. 12/11/2025
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Sonal Adhesives informed the stock exchange about the outcome of its board meeting held on 12 November 2025. The board approved the appointment of Mr. Amish Ashar as the Company Secretary and Compliance Officer (Key Managerial Personnel), effective the same day. Mr. Ashar holds B.Com, LLB, and CS qualifications with over 25 years of experience in compliance and legal matters, and is not related to any existing director. The board also approved the unaudited financial results for Q2 and H1 FY26, where revenue from operations rose to Rs 3,490.67 lakhs in Q2 (up from Rs 2,828.15 lakhs a year ago) and Rs 6,319.42 lakhs for the half-year (up from Rs 5,212.58 lakhs). However, net profit declined to Rs 26.53 lakhs in Q2 from Rs 44.75 lakhs, and to Rs 71.28 lakhs in H1 from Rs 107.18 lakhs, indicating margin pressure despite topline growth.
The appointment of an experienced Company Secretary strengthens governance and compliance functions, which is a positive signal for retail investors. However, the significant drop in net profit despite healthy revenue growth suggests rising costs or pricing pressure, which may be a concern for near-term shareholder returns.