Retirement of Independent Director- Mr. Nitin Rane w.e.f September 25, 2025
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Sonal Adhesives reported Q1 FY26 (quarter ended June 30, 2025) revenue from operations of Rs. 2,828.75 lakh, up about 13.7% from Rs. 2,488.13 lakh in Q1 FY25, but net profit fell to Rs. 44.75 lakh from Rs. 64.21 lakh, with EPS at Rs. 0.74 vs Rs. 1.06. The board approved results, set the 34th AGM for September 25, 2025 via video conference, and notified book closure from September 19–25, 2025. Mr. Vipul Desai was appointed as a new Non-Executive Independent Director from August 12, 2025, replacing Mr. Nitin Rane who retires on September 25, 2025 after completing his tenure. The board also re-constituted its Audit, Nomination & Remuneration, and Stakeholders Relationship committees, and appointed M/s Haziyani & Associates as new Statutory Auditors for five years (FY 2025-26 to FY 2029-30), replacing M/s M C Asawa & Co whose term ends at the upcoming AGM.
This is a routine quarterly update with mixed results — top-line growth is encouraging, but a roughly 30% drop in net profit suggests margin pressure that investors should monitor. The board changes (one ID retirement, one new ID appointed) and auditor rotation are all normal, tenure-driven transitions and unlikely to materially affect the stock.