Adline Chem Lab accepts resignations of two independent directors

Adline Chem Lab Ltd accepted the resignations of Independent Directors Mr. Him Vyas and Mr. Krish Patel, effective June 12, 2026, due to pre-existing personal commitments and unexpected professional constraints. The company confirmed that both directors have vacated their positions on the board with effect from the close of business hours on the specified date.

The resignations were intimated to BSE Limited pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company disclosed that it received confirmation from both directors stating there are no other material reasons for their resignation beyond those cited in their letters.

Resignation Details

The following table outlines the key particulars regarding the cessation of directorship for both individuals:

S.No.	Particulars	Details for Mr. Him Vyas	Details for Mr. Krish Patel
1.	Reason for change	Resignation due to pre-existing personal commitments and unexpected professional constraints	Resignation due to pre-existing personal commitments and unexpected professional constraints
2.	Date of cessation	June 12, 2026	June 12, 2026
3.	Brief profile	Not Applicable	Not Applicable
4.	Disclosure of relationships	Not Applicable	Not Applicable
5.	Letter of resignation	Enclosed with the intimation	Enclosed with the intimation
6.	Other directorships	Nil	Nil
7.	Confirmation of no other material reasons	Confirmed	Confirmed

The company has arranged to submit the necessary forms to the Registrar of Companies (ROC), Ahmedabad, and has intimated the stock exchange regarding the change in board composition. The resignations were signed and submitted by Vrushank Balkrushna Patel, Managing Director of Adline Chem Lab Limited.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	0.0%	+56.04%	-26.78%	+76.09%

Adline Chem Lab Limited has announced its unaudited standalone financial results for the quarter ended December 31, 2025, alongside the appointment of Mr. Vrushank Balkrushna Patel as Chairman and Managing Director. The board of directors approved both developments during their meeting held on February 10, 2026.

Q3FY26 Financial Performance

The company reported a net loss of ₹6.46 lakhs for the quarter ended December 31, 2025, compared to a loss of ₹12.26 lakhs in the corresponding quarter of the previous year. The company recorded zero revenue from operations during the quarter.

Financial Metric:	Q3FY26	Q3FY25	Nine Months FY26	Nine Months FY25
Revenue from Operations:	-	-	-	-
Other Income:	-	-	-	-
Total Expenses:	₹7.24 lakhs	₹13.14 lakhs	₹21.13 lakhs	₹36.74 lakhs
Net Loss:	₹6.46 lakhs	₹12.26 lakhs	₹18.85 lakhs	₹34.16 lakhs
Earnings Per Share:	(₹0.01)	(₹0.02)	(₹0.03)	(₹0.06)

For the nine-month period ended December 31, 2025, the company's net loss stood at ₹18.85 lakhs, showing improvement from ₹34.16 lakhs loss in the corresponding period of the previous year.

Expense Breakdown

The company's total expenses for Q3FY26 decreased to ₹7.24 lakhs from ₹13.14 lakhs in Q3FY25. The major expense components included:

Expense Category:	Q3FY26	Q3FY25
Employee Benefits:	₹1.01 lakhs	₹4.72 lakhs
Finance Costs:	₹4.24 lakhs	₹3.48 lakhs
Other Expenses:	₹1.98 lakhs	₹4.95 lakhs

Leadership Appointment

The board approved the appointment of Mr. Vrushank Balkrushna Patel as Chairman and Managing Director for a period of five years, effective February 10, 2026. This appointment follows the resignation of Mr. Sarang Pathak from his directorship position and is subject to shareholder approval.

Appointment Details:	Information
Appointee:	Mr. Vrushank Balkrushna Patel
DIN:	05310613
Position:	Chairman and Managing Director
Term Duration:	Five years
Effective Date:	February 10, 2026

Mr. Patel is an undergraduate who studied till the 4th year of Civil Engineering from South Gujarat University. He has been actively involved in Green Energy Generation, Real Estate Business, and Import & Trading of Natural Resources since 2013.

Regulatory Compliance

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the company's statutory auditors, Jain Kedia & Sharma Chartered Accountants. The audit committee recommended the results for adoption, which were subsequently approved by the board of directors. The company maintains a paid-up equity share capital of ₹585.00 lakhs with shares having a face value of ₹10 each.