eastern treads has appointed Mr. Karandeep Singh as an Additional Director in the category of Non-Executive Independent Director, effective from May 20, 2026. The appointment was based on the recommendation of the Nomination and Remuneration Committee. He will hold office until the conclusion of the ensuing Annual General Meeting, with a proposed tenure of five years from May 20, 2026, to May 19, 2031, subject to shareholder approval.

Mr. Karandeep Singh is a finance professional with over 30 years of experience, including roles as CFO and Finance Director at organizations such as Flipkart, Tesco Business Services, and Dell Services. He is a Chartered Accountant and a Gold Medallist in B.Com (Hons) from Delhi University. Currently, he serves as an Investor and Executive Director at Aspire Impact.

The Board of Directors, in its meeting held on May 20, 2026, also approved the audited standalone financial results for the quarter and financial year ended March 31, 2026. The company returned to profitability during the fiscal year, recording a net profit of ₹8.56 lakh against a net loss of ₹303.12 lakh in the previous year. This turnaround was supported by a gain on the extinguishment of financial liabilities amounting to ₹205.03 lakh, recognized as an exceptional item.

For the quarter ended March 31, 2026, the company posted a net profit of ₹61.22 lakh, compared to a net loss of ₹23.28 lakh in the corresponding quarter of the previous year. Revenue from operations for the quarter decreased to ₹1,345.23 lakh from ₹1,573.08 lakh in the same period last year. Total income for the quarter stood at ₹1,349.51 lakh.

On an annual basis, revenue from operations rose marginally to ₹6,241.11 lakh for FY26 from ₹6,023.29 lakh in FY25. Total income for the year increased to ₹6,275.95 lakh from ₹6,062.56 lakh in the previous year. The company reported a profit before tax of ₹5.82 lakh for the year, a significant improvement from the loss before tax of ₹378.41 lakh in the preceding year.

The following table summarizes the key financial figures for the financial year ended March 31, 2026:

The board also approved the re-appointment of M/s. RGN Price and Co., Chartered Accountants, Kochi as the Internal Auditors of the company for the financial year 2026-27. The statutory auditors, M/s. G Joseph & Associates, issued an unmodified opinion on the standalone audited financial statements for the year ended March 31, 2026.

Eastern Treads Limited has re-appointed M/s. RGN Price and Co., Chartered Accountants, as its Internal Auditor for the financial year 2026-2027. The decision was taken by the Board of Directors at its meeting held on May 20, 2026. The re-appointment is pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Details of the Appointment

The Board of Directors approved the re-appointment of M/s. RGN Price and Co. during its meeting on May 20, 2026. The firm, based in Kochi, will serve as the Internal Auditor for the company for the duration of the financial year 2026-27.

Profile of the Auditor

R.G.N. Price & Co. (RGNP) is a national firm of chartered accountants. The firm specializes in Audit & Accounting, Financial Advisory, Consulting, and Assurance Services. Its practice areas include Risk Based Internal Auditing, Financial Due Diligence, Financial Management, Tax Advisory, and Forensic Review.