Change in Designation of Mr. N Rajender Prasad from Joint Managing Director & CFO to Managing Director & CFO for the remainder of his tenure till 09.08.2028 on existing/same terms subject ....
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The board, at its meeting on 12 November 2025, approved the unaudited financial results for Q2 and H1 FY26 (ended 30 September 2025) and a leadership change. Revenue from operations for Q2 FY26 stood at Rs. 165.81 lakhs, while H1 FY26 revenue was Rs. 187.51 lakhs, sharply lower than Rs. 988.52 lakhs in H1 FY25. Net profit for H1 FY26 was Rs. 10.85 lakhs versus Rs. 291.75 lakhs in the same period last year, and EPS was Rs. 0.36 for H1 versus Rs. 9.72 earlier. The board also approved the elevation of promoter-director Mr. N Rajender Prasad from Joint Managing Director and CFO to Managing Director and CFO, effective 12 November 2025, for the remainder of his tenure till 9 August 2028 on existing terms, subject to shareholder approval. Brahmayya & Co. issued an unqualified limited review report on the results.
Continuity in leadership with a promoter at the helm is generally a stability signal for shareholders, but the steep year-on-year drop in revenue and profits raises concerns about business momentum and warrants monitoring of upcoming quarters.