Anand Projects re-appoints Sharma directors for five-year terms

Anand Projects Limited has approved the re-appointment of Manish Sharma as an Independent Director and Rajesh Kumar Sharma as a Whole-time Director, ensuring continuity in its leadership structure for the next five years. The Board of Directors made the decisions on July 28, 2026, based on recommendations from the Nomination and Remuneration Committee. Both appointments are subject to shareholder approval at the company’s upcoming Annual General Meeting. The new terms commence on December 23, 2026, and conclude on December 22, 2031.

The move stabilizes the board composition ahead of the current term's expiration. Manish Sharma will serve his second consecutive term as an Independent Director, bringing expertise in finance, accounting, and business management. Rajesh Kumar Sharma will continue as a Whole-time Director under the category of Key Managerial Personnel (KMP), leveraging his extensive experience in finance and indirect taxation since 1986. Neither director is related to existing directors, KMPs, or promoters of the company.

Appointment Details

The Board confirmed that both individuals are not debarred from holding office by SEBI or any other authority. The disclosures comply with SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Particulars	Manish Sharma	Rajesh Kumar Sharma
Role	Independent Director	Whole-time Director (KMP)
DIN	09375119	09388677
Term Start Date	December 23, 2026	December 23, 2026
Term End Date	December 22, 2031	December 22, 2031
Term Duration	5 Years	5 Years

Regulatory Compliance

The intimation was issued under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosures also align with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. Pranjali Gupta, Company Secretary and Compliance Officer, signed the communication to the Bombay Stock Exchange Limited.

What the Numbers Show

The simultaneous re-appointment of both an Independent Director and a Whole-time Director suggests a strategic focus on governance stability and operational continuity. By securing these positions for a full five-year cycle starting in late 2026, Anand Projects Limited avoids potential leadership vacuums during the transition period, allowing management to focus on long-term strategic initiatives without interim board disruptions.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
0.0%	0.0%	+4.98%	+4.98%	+4.98%	+40.52%

Anand Projects Limited reported a standalone net loss of ₹6.45 lakh for the first quarter ended June 30, 2026, a significant contraction from the ₹305.71 lakh loss posted in the preceding quarter. The improvement was driven by a substantial reduction in other expenses, which fell to ₹14.32 lakh from ₹443.39 lakh in the previous period. Revenue from operations remained stable at ₹25.00 lakh, matching the immediate prior quarter but declining from ₹30.00 lakh in the corresponding quarter of FY26.

The Board of Directors approved the unaudited standalone and consolidated financial results on July 28, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and subjected to a limited review by Chopra Vimal & Co., the company’s statutory auditors. The board meeting commenced at 12:30 P.M and concluded at 01:20 P.M, adhering to SEBI Circular No. CIR/CFD/CMD/4/2015 dated September 09, 2015.

Financial Performance

Total income for the quarter stood at ₹25.26 lakh, comprising ₹25.00 lakh from operations and ₹0.26 lakh from other income. This compares to total income of ₹49.16 lakh in the previous quarter, which included a one-time other income component of ₹19.16 lakh. Total expenses decreased significantly to ₹32.39 lakh from ₹457.69 lakh in the prior quarter. Employee benefits expense rose to ₹18.01 lakh from ₹14.21 lakh, while depreciation and amortization expenses remained negligible at ₹0.06 lakh.

Particulars	Q1FY27 (₹ in Lakh)	Q4FY26 (₹ in Lakh)	Q1FY26 (₹ in Lakh)
Revenue from Operations	25.00	30.00	30.00
Other Income	0.26	19.16	0.59
Total Income	25.26	49.16	30.59
Total Expenses	32.39	457.69	39.42
Profit Before Tax	(7.13)	(408.53)	(8.83)
Net Profit/(Loss)	(6.45)	(305.71)	(8.22)
EPS (Basic) ₹	(0.69)	(32.72)	(0.88)

Consolidated Results and Associate Impact

The consolidated financial results were identical to the standalone figures, reflecting nil contribution from the company’s associate, Ojas Industries Private Limited, in which Anand Projects holds a 49.50% stake. The auditor’s report noted that the associate’s interim financial results were not material to the company and had not been reviewed by their auditors. The company’s share of profit from the associate was offset against earlier period unrecognised losses and cost of investments.

What the Numbers Show

The primary driver for the narrowed loss in Q1FY27 was the normalization of other expenses. The previous quarter’s expense figure of ₹443.39 lakh appears anomalous compared to the current quarter’s ₹14.32 lakh and the same quarter last year’s ₹15.72 lakh. This suggests that the prior period’s loss was heavily influenced by non-recurring or exceptional costs rather than operational inefficiencies. With operating expenses stabilizing, the company’s core engineering, procurement, and construction segment shows improved cost control, although revenue generation remains below year-ago levels.