Dhoot Industrial Finance shareholders approved the appointment of Ms. Priyanka Munjal Kothari as a Non-Executive Independent Director at an Extra Ordinary General Meeting (EOGM) held on August 20, 2026.

The special resolution received overwhelming support, with 99.99% of valid votes cast in favour. The meeting was chaired by Mr. Rohit Dhoot and conducted via audio-visual means in compliance with the Companies Act, 2013 and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Appointment Details

Ms. Kothari has been appointed for a term of five consecutive years, effective from May 20, 2026 to May 19, 2031. She is not liable to retire by rotation.

Ms. Kothari holds a Bachelor of Science degree and has over a decade of experience in the manufacturing industry. Since July 2014, she has strategically managed the Cold Storage Business. Her profile highlights operational expertise, strategic leadership, and a focus on efficiency, compliance, and sustainable growth. The company confirmed she meets the independence criteria under Section 149(6) of the Companies Act, 2013 and Regulation 16(1)(a) of the SEBI Listing Regulations. She is not related to any other director.

Voting Results

A total of 44,59,080 valid votes were polled out of 63,18,000 equity shares on record as of August 13, 2026. This represents a participation rate of 70.58%. Only two votes were cast against the resolution.

The promoter group, holding 43,63,911 shares, participated primarily through remote e-voting, casting all their votes in favour. Public non-institutional shareholders held 19,52,089 shares, with 1,01,069 votes polled.

Meeting Details

Eighteen members attended the meeting through video conferencing or other audio-visual means. Thirteen were from the promoter group and five from the public category. No members attended in person or through proxy.

The e-voting facility remained open for 15 minutes after the meeting concluded at 2:39 pm, closing at 2:54 pm. Ms. Kothari’s Director Identification Number (DIN) is 11710369.

Ms. Isha Shah of Shah Patel & Associates served as the Scrutinizer for the e-voting process. The Scrutinizer’s Report confirms that the resolution was passed with the requisite majority.

Dhoot Industrial Finance reported a net profit of ₹51.24 crore for the quarter ended June 30, 2026 (Q1FY26), marking a significant 279% year-on-year increase from ₹13.49 crore in Q1FY25. The surge was primarily driven by exceptional gains from its financial activities, specifically fair value changes on investments held for trading and profits from the sale of investments not held for trading. This performance underscores the company's heavy reliance on capital markets for profitability rather than core operational revenue streams.

The Board of Directors approved the unaudited standalone financial results at a meeting held on August 11, 2026, in Mumbai. The results were reviewed by the Audit Committee and subjected to a limited review by the statutory auditors, Pulindra Patel & Co., pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Board also approved the reconstitution of the Audit Committee, effective immediately.

Financial Performance

Total revenue from operations stood at ₹72.25 crore in Q1FY26, up from ₹30.78 crore in the corresponding quarter of the previous year. However, the composition of this revenue reveals that the growth is almost entirely attributable to non-operating financial gains. Interest income declined to ₹30.86 crore from ₹80.25 crore in the preceding quarter, while dividend income remained relatively stable at ₹20.24 crore.

The most material contributor to the top line was the gain on sale of investments not held for trading, which amounted to ₹45.51 crore, compared to ₹3.36 crore in Q1FY25. Additionally, fair value changes on investments held for trading contributed ₹25.60 crore, reversing a loss of ₹10.82 crore recorded in the previous quarter. Trading activity revenue, derived from the sale of products, decreased to ₹1.50 crore from ₹2.28 crore YoY.

Expenses remained controlled at ₹4.15 crore, down from ₹5.17 crore in Q1FY25. Employee benefit expenses decreased to ₹5.18 crore from ₹4.53 crore, while other expenses rose to ₹2.05 crore from ₹1.32 crore. Finance costs were negligible at ₹0.21 lakh compared to ₹10.93 lakh in the prior year period. Tax expenses increased to ₹16.87 crore due to higher current and deferred tax provisions on the elevated profit base.

What the Numbers Show

The financial data highlights a distinct divergence between operational stability and market-driven volatility. While the company's core trading segment reported a loss of ₹10.62 lakh before tax and interest, the financial activity segment generated a profit of ₹69.69 crore. This indicates that Dhoot Industrial Finance’s profitability is currently decoupled from its traditional business operations and is instead highly sensitive to equity market movements and investment portfolio realizations. The total comprehensive income for the quarter reached ₹100.14 crore, significantly higher than the net profit, reflecting additional gains recognized through other comprehensive income (OCI) related to equity instruments.

Corporate Governance Updates

Alongside the financial results, the Board reconstituted the Audit Committee in compliance with Section 177 of the Companies Act, 2013 and Regulation 18 of the SEBI LODR Regulations. The newly constituted committee, effective August 11, 2026, comprises:

• Mr. Bhairav Surendra Sheth: Chairperson, Non-Executive Independent Director
• Ms. Priyanka Munjal Kothari: Member, Non-Executive Independent Director
• Mrs. Vaidehi Rohit Dhoot: Member, Non-Executive Non-Independent Director

The unaudited results have been prepared in accordance with Indian Accounting Standard 34 (Ind AS 34) and other generally accepted accounting principles in India.