Fervent Synergies Limited has announced significant board transitions with three independent directors completing their terms on March 31, 2026, while three new independent directors were appointed effective April 1, 2026. The company's board changes reflect regulatory compliance with SEBI LODR Regulations and strengthen governance structure.

Completion of Independent Director Terms

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, three independent directors completed their second terms on March 31, 2026. The directors ceased to be independent directors with effect from end of business hours on March 31, 2026.

The Board of Directors and Management placed on record their sincere appreciation for the valuable contributions, guidance and services rendered by the outgoing directors during their association with the company.

New Independent Director Appointments

Following the board meeting held on March 26, 2026, the company approved appointment of three new Additional Directors designated as Non-Executive Independent Directors, effective April 1, 2026, for five-year terms. The appointments were made based on recommendations from the Nomination & Remuneration Committee and are subject to shareholder approval through special resolution.

Committee Reconstitution and Regulatory Compliance

Following the new appointments, the board reconstituted three key committees with the new independent directors. All appointees satisfy the independence criteria prescribed under the Companies Act, 2013 and SEBI regulations, and are not debarred from holding directorial positions.

Shareholder Approval Process

The board approved conducting a postal ballot in accordance with Section 110 of the Companies Act, 2013, and SEBI regulations to seek shareholder approval for the new director appointments. The seamless transition reflects the company's commitment to maintaining strong governance standards while ensuring continuity in board oversight and strategic guidance.

Fervent Synergies Limited announced its unaudited financial results for the third quarter ended 31st December 2025, presenting a mixed performance across its business segments. The Mumbai-based company, which operates in food items trading and financing/investment activities, reported these results following a board meeting held on 5th February 2026.

Financial Performance Overview

The company's financial performance for Q3FY26 showed contrasting trends compared to the previous year. Net profit for the quarter stood at ₹213.55 lakhs, representing a decline from ₹234.85 lakhs recorded in the corresponding quarter of FY25.

Segment-wise Performance Analysis

The company operates through two distinct business divisions, each showing different performance trajectories during the quarter.

Foods Business Division

The foods business division experienced a significant decline in revenue, dropping to ₹906.15 lakhs in Q3FY26 from ₹2,585.70 lakhs in the corresponding quarter of the previous year. The segment result showed a profit of ₹168.55 lakhs compared to ₹201.17 lakhs in Q3FY25.

Finance Business Division

In contrast, the finance business division demonstrated robust growth, with revenue increasing to ₹71.90 lakhs from ₹47.50 lakhs in Q3FY25. The segment result improved significantly to ₹71.65 lakhs from ₹47.08 lakhs year-on-year.

Nine-Month Performance

For the nine-month period ended 31st December 2025, the company reported total revenue of ₹1,114.70 lakhs compared to ₹2,706.20 lakhs in the corresponding period of the previous year. Net profit for the nine-month period increased to ₹295.16 lakhs from ₹245.77 lakhs, showing a positive trend despite the quarterly decline.

Capital Structure and Other Details

The company's paid-up equity share capital increased to ₹5,000.00 lakhs from ₹4,375.00 lakhs in the previous year, with a face value of ₹10.00 per share remaining unchanged. Total capital employed stood at ₹5,628.09 lakhs compared to ₹4,814.60 lakhs in the corresponding period of the previous year.

The results were reviewed by the Audit Committee and approved by the Board of Directors. The statutory auditors S. H. Dama & Associates conducted a limited review of the financial results as per regulatory requirements.