Dhunseri Investments has notified the BSE and NSE regarding the completion of the tenure of Raj Vardhan Kejriwal as an Independent Director. Mr. Kejriwal, bearing DIN 00449842, concluded his second and final term on August 09, 2026, and consequently ceased to be a director of the company with effect from the close of business hours on that date.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III of the Listing Regulations. The filing also references SEBI circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, which mandates specific disclosures for such changes in board composition.

Board Composition Change

The departure marks the end of Mr. Kejriwal’s tenure with the company. As per the regulatory filing, the reason for the change is cited strictly as the "Completion of term as an Independent Director." There are no indications of resignation, removal, or other voluntary exits prior to the scheduled conclusion of his term.

Disclosure Details

The company provided the following details in Annexure-A of its exchange filing:

Payal Kumari Shaw, Company Secretary and Compliance Officer of Dhunseri Investments Limited, signed the communication addressed to the exchanges. The registered office of the company is located at Dhunseri House, 4A, Woodburn Park, Kolkata - 700 020.

Dhunseri Investments Limited has scheduled its 29th Annual General Meeting (AGM) for Thursday, August 20, 2026, at 11:30 A.M. (IST). The meeting will be conducted via Video Conferencing or Other Audio Visual Means, with remote e-voting available from Monday, August 17, at 9:00 A.M. until Wednesday, August 19, at 5:00 P.M. Shareholders holding shares as of the cut-off date of Thursday, August 13, 2026, are eligible to vote on resolutions including the re-appointment of Mrs. Aruna Dhanuka as Managing Director and CEO.

The AGM notice was dispatched on July 24, 2026, in compliance with the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Newspaper advertisements confirming the dispatch were published on July 25, 2026, in Business Standard (Kolkata and Mumbai editions) and Arthik Lipi (Kolkata). The Register of Members and Share Transfer Books will remain closed from Friday, August 14, 2026, to Thursday, August 20, 2026, pursuant to Section 91 of the Companies Act, 2013.

Key Financial Metrics

The AGM agenda follows a strong financial turnaround for FY26, where the company reported a consolidated net profit of ₹1,798.00 lakhs, reversing a net loss of ₹520.08 lakhs in FY25. This improvement was driven by a share of profit from associates totaling ₹17,410.30 lakhs, which offset a standalone net loss of ₹1,226.45 lakhs due to fair value adjustments. The Board has recommended a final dividend of ₹3 per equity share.

Governance and Board Appointments

Shareholders will vote on the re-appointment of Mrs. Aruna Dhanuka as Managing Director and CEO for a five-year term commencing May 27, 2026. Additionally, Mrs. Rusha Mitra will be appointed as an Independent Director for five years, effective May 27, 2026. Mr. Chandra Kumar Dhanuka retires by rotation and offers himself for re-appointment. The company also transferred ₹259.57 lakhs to the NBFC Reserve Fund as mandated under Section 45-IC of the Reserve Bank of India Act, 1934.

What the Numbers Show

The divergence between standalone and consolidated performance underscores Dhunseri Investments' reliance on its associate companies for profitability. While the parent entity faced headwinds from unrealized losses on its treasury portfolio, associates—particularly IVL Dhunseri Petrochem Industries Private Limited and IVL Dhunseri Polyester Co. S.A.E.—delivered substantial earnings. This structure suggests that the group’s operational resilience lies in its manufacturing and petrochemical ventures rather than its direct investment holdings. Shareholders should monitor the fair value trends of the standalone portfolio, as further declines could pressure the group’s overall bottom line despite strong associate contributions.