Craftroot Retail Limited reported a net profit of ₹2.22 crore for the financial year ended March 31, 2026, a significant increase from ₹0.73 crore in the previous year. The board of directors recommended a final dividend of ₹0.05 per equity share for FY26, subject to shareholder approval. The company also approved the appointment of several directors and the reconstitution of its board committees during the meeting held on May 27, 2026.

Financial Performance

The company's revenue from operations for FY26 stood at ₹2.76 crore, compared to ₹2.86 crore in the previous year. For the quarter ended March 31, 2026, revenue from operations was ₹0.53 crore. Total revenue for the year was ₹0.85 crore. The statutory auditors, A. L. Thakkar & Co., issued an unmodified opinion on the audited financial results.

Board Decisions and Appointments

The board approved the appointment of Mrs. Anar Jayesh Patel as Managing Director and Mr. Dakshesh Shah as Chief Financial Officer, effective May 27, 2026, subject to shareholder approval. Additionally, the board appointed Mr. Dhruvin Shah, Ms. Sanskruti Jayesh Patel, and four independent directors—Ms. Ritu Kapoor, Mr. Dinesh Chauhan, Mr. Sarjeevansingh Rathore, and Mr. Ashvin Shantilal Trivedi—as additional directors for a term of five years.

Committee Reconstitution

The board approved the reconstitution of the Audit Committee, Nomination & Remuneration Committee, and Stakeholders Relationship Committee. Ms. Ritu Kapoor was appointed as the Chairperson of all three committees.

Craftroot Retail Limited's board accepted the resignations of four directors, including its Managing Director and three independent directors, effective May 28, 2026. The departures follow a change in management at the company and the completion of tenures for the independent directors.

The board meeting, convened on May 28, 2026, took note of the resignations submitted by Mr. Raghvendra Kulkarni, Mrs. Sonal Gandhi, Mr. Vipul Jana, and Mr. Divyakant Gandhi. The disclosures were made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Raghvendra Kulkarni resigned from the positions of Managing Director, Director, and Chief Financial Officer (CFO) due to a change in management. His resignation is effective from the close of business on May 28, 2026.

The three independent directors—Mrs. Sonal Gandhi, Mr. Vipul Jana, and Mr. Divyakant Gandhi—stepped down following the completion of their tenures. Consequently, they have ceased to be members of the Audit Committee, Nomination and Remuneration Committee, and Stakeholders Relationship Committee.

Summary of Director Exits

The company confirmed that all necessary filings with relevant statutory authorities will be completed to give effect to these resignations.