Duroply Industries Limited announced that its Chief Financial Officer (CFO), Vijay Kumar Yadav, has resigned from his position effective June 10, 2026. The resignation, attributed to personal reasons, was communicated to the stock exchange pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company informed BSE Limited that Yadav ceased to hold the office of Key Managerial Personnel (KMP) at the close of business hours on June 10, 2026. The disclosure was made in compliance with Part A of Schedule III of the SEBI regulations and the relevant Master Circular issued by the market regulator.

Resignation Details

The following table outlines the specific details regarding the change in the company's key managerial personnel:

Vijay Kumar Yadav submitted his formal resignation letter to the Board of Directors, requesting that his resignation be accepted effective immediately. The company has confirmed that the necessary documentation, including the resignation letter and the requisite disclosures under Regulation 30, has been filed with the exchange.

Duroply Industries has released the transcript of its earnings webinar for the quarter and financial year ended March 31, 2026, held on May 25, 2026. The company reported a revenue from operations of ₹402.67 crore for FY26, an increase of 8.31% from ₹371.79 crore in the previous year. Net profit for the year stood at ₹29.37 crore, a decrease of 62.20% from ₹77.70 crore in FY25, impacted by exceptional items and inflationary pressures.

The financial statements include an exceptional item of ₹2.75 crore related to the past service cost of new labour code applications. EBITDA for the year improved by 25.35% to ₹22.43 crore, with margins expanding to 5.57% from 4.81% in the previous year. For the quarter ended March 31, 2026, the company reported a net loss of ₹24.52 lakh on revenue of ₹111.59 crore.

Financial Performance

Operational Highlights

Management highlighted significant improvement in working capital management, with days debtors reducing to 42 days from 47 days, and inventory days decreasing to 146 days from 169 days. Revenue from in-house manufactured goods grew 2.3% to ₹224.9 crore, while contract manufacturing revenue surged 17% to ₹177.7 crore.

The company noted that the second half of the year was challenging due to geopolitical tensions and elevated raw material costs, particularly petrochemical derivatives. Despite these inflationary pressures, Duroply managed to pass on most cost increases to consumers. Looking ahead, the company aims for low-to-mid double-digit growth and expects margin expansion at the EBITDA level.