Cosmo Ferrites Limited has accepted the resignation of Mr. Sanjeev Kumar from the position of Plant Operations Manager, effective June 26, 2026. The company relieved him from his duties at the close of business hours on the same day due to personal reasons cited by the employee. This change in senior management was disclosed to the stock exchanges pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The resignation was formally tendered by Mr. Sanjeev Kumar, who requested a two-month notice period as per company policy to ensure a smooth transition of responsibilities. The company confirmed that the detailed disclosures required under the listing regulations, including the reason for change and date of cessation, have been recorded.

Disclosures under Regulation 30

The company provided the following specific details regarding the change in senior management personnel:

The filing was submitted by Priyanka, the Company Secretary & Compliance Officer of Cosmo Ferrites Limited, to BSE Limited on June 26, 2026.

Cosmo Ferrites Limited reported a net profit of ₹26 lakh for the quarter ended March 31, 2026, marking a turnaround from a net loss of ₹155 lakh in the same period last year. For the full year ended March 31, 2026, the company narrowed its net loss to ₹158 lakh from ₹566 lakh in FY25, driven by higher sales volumes, improved average realizations, and market expansions. Revenue from operations for the year rose to ₹9,859 lakh from ₹8,566 lakh in the previous year.

Financial Performance

Quarterly revenue from operations grew to ₹2,719 lakh in Q4 FY26 from ₹1,948 lakh in Q4 FY25. The company reported a profit before tax of ₹38 lakh for the quarter, compared to a loss before tax of ₹206 lakh in the corresponding period last year. For the full year, the loss before tax narrowed sharply to ₹203 lakh from ₹621 lakh in FY25. EBITDA for the full year more than doubled to ₹901 lakh from ₹394 lakh in FY25, while quarterly EBITDA surged to ₹303 lakh from ₹46 lakh. The following table summarises the key financial metrics:

Operational Highlights

The robust growth was supported by higher capacity utilization and a strategic expansion of the customer base across both domestic and international export markets. Notably, this includes a growing footprint in the EV and solar sectors, driven by accelerating global demand for sustainable energy solutions. Cosmo successfully developed and commercialized several powders for advanced applications, specifically for EV, automotive, telecommunications and solar segments. The key features of the powders are lower power loss and higher saturation flux density, higher permeability with improved frequency response.

Balance Sheet Highlights

As at March 31, 2026, total assets stood at ₹11,598 lakh compared to ₹11,773 lakh as at March 31, 2025. Shareholders' funds declined to ₹2,313 lakh from ₹2,466 lakh, reflecting the accumulated losses for the year. Non-current liabilities reduced to ₹1,710 lakh from ₹2,079 lakh, while current liabilities increased to ₹7,575 lakh from ₹7,228 lakh. The paid-up equity share capital remained unchanged at ₹1,203 lakh.

Cash Flow Summary

Net cash flow from operating activities improved significantly to ₹1,195 lakh for the year ended March 31, 2026, from ₹440 lakh in the previous year. Cash generated from operations rose to ₹1,190 lakh from ₹444 lakh. Net cash used in investing activities was ₹382 lakh, primarily on account of purchase of fixed assets amounting to ₹771 lakh. Net cash used in financing activities stood at ₹838 lakh, largely reflecting interest payments of ₹563 lakh. Cash and cash equivalents at the end of the year stood at ₹22 lakh, compared to ₹47 lakh at the beginning of the year.

Key Disclosures

The financial results include an exceptional item of ₹25 lakh for the year ended March 31, 2026, representing a one-time increase in past period employee benefit liability under the 'New Labour Codes', which came into effect from November 21, 2025. Additionally, interest on the promoter's unsecured loan amounting to ₹144 lakh for the period July 1, 2024, to March 31, 2025, and ₹88 lakh for the period October 1, 2025, to March 31, 2026, were conditionally waived by the promoters, with the right to recompense if the financial position of the company allows such payment subsequently. The statutory auditors, M/s Suresh Kumar Mittal & Co., Chartered Accountants, issued an audit report with an unmodified opinion on the financial results.

Board and Governance Update

The board reappointed Dr. Himalayani Gupta (DIN: 00607140) as a Non-Executive Independent Director for a second term of five consecutive years with effect from May 12, 2027, to May 11, 2032, subject to shareholder approval. The reappointment was made on the recommendations of the Nomination and Remuneration Committee. Dr. Himalayani Gupta is a Senior Founding Partner at UHV International Partners, a Delhi-based law firm established in 2001, and has been practicing law since 1991, having served as Standing Counsel for the Union of India in the Supreme Court. The company confirmed that she is not debarred from holding the office of director by any order of SEBI or any other authority.