Darjeeling Industries Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹169.87 lakh compared to a net loss of ₹26.69 lakh in the previous year. The company's revenue from operations surged to ₹445.92 lakh for FY26, a significant increase from ₹91.01 lakh in FY25. The turnaround was driven by a substantial increase in total income, which rose to ₹511.37 lakh in FY26 from ₹91.01 lakh in the preceding year. The board approved the audited standalone financial results at a meeting held on May 27, 2026.

Financial Performance

For the quarter ended March 31, 2026, the company posted a net profit of ₹7.09 lakh, with revenue from operations at ₹74.69 lakh. In the corresponding quarter of the previous year, the company had reported a net loss of ₹42.17 lakh. The basic earnings per share (EPS) for FY26 stood at ₹3.83, compared to a loss of ₹0.88 in the previous year.

Operational Highlights and Corporate Actions

The company incorporated a subsidiary, Novva Defence Iinds Limited, on January 30, 2026, though business operations had not commenced as of the reporting date. Consequently, the preparation of consolidated financial statements was not applicable. Darjeeling Industries also appointed M/s. Jitendra Parmar & Associates as its Secretarial Auditor for FY26.

Fund Utilization

The company raised funds through a preferential issue of convertible warrants. According to the statement on deviation or variation, there was no deviation in the utilization of funds raised. Proceeds were utilized for meeting working capital requirements and general corporate purposes. The company received ₹226.80 lakh on October 20, 2025, and ₹379.51 lakh on January 21, 2026, as part of the warrant conversions.

Darjeeling Industries Limited has officially informed BSE Limited about the resignation of Mr. Pradeep Sutodiya from his position as Non-Executive and Independent Director, effective April 15, 2026. The company, formerly known as Darjeeling Ropeway Company Limited, submitted the regulatory filing in compliance with SEBI requirements.

Resignation Details

Mr. Sutodiya submitted his resignation due to personal reasons, specifically citing his inability to devote adequate time to the company. In his resignation letter, he expressed gratitude to the board of directors for the opportunity to serve and acknowledged his positive experience working with the company.

Regulatory Compliance

The company fulfilled its disclosure obligations under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026. As part of regulatory requirements, Mr. Sutodiya confirmed that no other material reasons exist for his resignation beyond those mentioned in his resignation letter.

Director's Background and Commitments

According to the regulatory filing, Mr. Pradeep Sutodiya holds no directorships in other listed entities and has no membership in board committees of other listed companies. The resignation letter was formally submitted with detailed reasons for departure, confirming the absence of any material reasons beyond personal circumstances.

Company Leadership

Darjeeling Industries Limited, incorporated in 1936, operates from its registered office at 104, Floor-1, Shreeji Darshan, Tata Road No. 2, Roxy Cinema Opera House, Girgaon, Mumbai - 400004. The regulatory filing was signed by Managing Director Ashok Dilipkumar Jain (DIN: 03013476), who digitally signed the document on April 15, 2026.

The resignation represents a change in the company's board composition, with the departure of an independent director who had been contributing to the company's governance structure. The company has taken the resignation on record and completed all necessary regulatory notifications to the stock exchange.