WEIZMANINDNSEWeizmann Limited· Textile ProductsMediumNeutral
Announced Tue, 12 Aug · 15:51 IST

Weizmann Limited has informed the Exchange regarding Change in Director(s) of the company.

Management Changes View source PDF

WEIZMANIND · price

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Price reaction · full curve

Awaiting price reaction for this filing.

AI summary

Weizmann Limited's board, meeting on 12th August 2025, approved unaudited standalone and consolidated financial results for Q1 FY26 (quarter ended 30 June 2025). Consolidated revenue from operations rose to ₹2,998.86 lakhs from ₹2,098.03 lakhs in the same quarter last year (about 43% YoY growth). Consolidated net profit after tax came in at ₹120.30 lakhs versus ₹84.28 lakhs YoY, though this included a share of associate losses of ₹39.86 lakhs. Standalone net profit was ₹160.16 lakhs with EPS of ₹1.03 (vs ₹0.70 YoY). Statutory auditors issued an unmodified limited review report. The board also appointed Shri. Suryanarayanarao Narendra (63, ex-housing finance professional, Post-Graduate in Economics) as Additional Non-Executive Independent Director for 5 years, subject to shareholder approval. The Audit Committee was reconstituted, and he will take over as its Chairman once the current chairman's term ends at the next AGM.

Likely market impact

Routine board update — Q1 results show healthy revenue and profit growth versus last year. The independent director appointment is a standard governance step and unlikely to move the stock; shareholders will need to approve it at the upcoming AGM.