City Pulse Multiventures Ltd has accepted the resignation of Ms. Tripti Karwa from her roles as Company Secretary and Compliance Officer, effective August 18, 2026. The Ahmedabad-based listed entity confirmed that Ms. Karwa ceased to be a Key Managerial Personnel consequent to this resignation.

The company disclosed the change in key managerial personnel to the Bombay Stock Exchange under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. According to the filing, Ms. Karwa tendered her resignation due to pre-occupancy in other assignments. She explicitly stated there were no material reasons for her departure.

Resignation Details

Ms. Karwa’s resignation was submitted with immediate effect from the close of business on Tuesday, August 18, 2026. In her resignation letter addressed to the Board of Directors, she requested the company to clear her salary for July and the period up to August 18, 2026. The Board has formally accepted her decision, and the resignation letter will be placed before the directors in the upcoming board meeting for consideration and formal acceptance in accordance with regulatory requirements.

Succession Plan

The Nomination and Remuneration Committee of City Pulse Multiventures will identify and recommend a new Company Secretary and Compliance Officer to the Board for appointment in due course. The company, formerly known as City Pulse Multiplex Limited, is listed on the BSE-SME Platform. Managing Director Arpit Rajnikant Mehta signed the disclosure letter to the exchange.

City Pulse Multiventures Limited reported a significant contraction in profitability for the first quarter of FY26, with standalone net profit falling 37% year-on-year to ₹34.44 lakh. This compares to a net profit of ₹54.58 lakh in Q1FY25. Consolidated net profit for the period was ₹33.59 lakh, also down from ₹54.58 lakh in the corresponding quarter of the previous fiscal.

Revenue from operations remained relatively stable at ₹111.90 lakh for both standalone and consolidated figures, compared to ₹113.64 lakh in Q1FY25. However, this near-flat top-line performance masked underlying cost pressures that eroded margins significantly.

Financial Performance

The company’s Board of Directors approved the unaudited financial results on August 13, 2026. The results were reviewed by Rajendra J. Shah & Co., Chartered Accountants, who issued a review report pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Consolidated total expenses rose to ₹66.51 lakh from ₹39.89 lakh in Q1FY25. While purchases of stock-in-trade and employee benefits remained controlled, other expenses saw a dramatic increase.

What the Numbers Show

The divergence between stable revenue and soaring expenses highlights a specific cost driver. Other expenses jumped to ₹40.96 lakh in Q1FY26 from just ₹11.87 lakh in Q1FY25, representing an increase of over 244%. This single line item accounted for approximately 63% of total standalone expenses in the current quarter, up from roughly 30% in the prior year. Depreciation costs decreased to ₹14.12 lakh from ₹18.81 lakh, providing some offset, but it was insufficient to counterbalance the surge in other operational outflows.

Consolidated View

In the consolidated results, which include wholly owned subsidiaries Aileensoul Technologies Private Limited and Matrubharti Technologies Private Limited, the pattern was similar. Employee benefits expenses were marginally higher at ₹2.87 lakh compared to ₹2.82 lakh in the standalone statement. Other expenses in the consolidated view were ₹42.06 lakh, further emphasizing the broad-based nature of these increased operational costs across the group.

Earnings per share (basic and diluted) for the quarter stood at ₹0.32, down from ₹0.51 in Q1FY25. The company has no reportable segments as per applicable accounting standards.