Fruition Venture Limited has appointed Shivi Jindal as an Additional Director in the category of Non-Executive Independent Director for a term of five years commencing from June 23, 2026. The appointment, subject to shareholder approval, follows the recommendation of the Nomination and Remuneration Committee and was approved during a board meeting held on June 23, 2026. Concurrently, the Board accepted the resignation of Shefali Kesarwani as Non-Executive Independent Director, effective June 25, 2026, due to personal commitments and other professional engagements.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Jindal has furnished her consent to act as Director and provided a declaration of independence under the Companies Act, 2013. She confirmed that she is not debarred from holding the office of Director by any order passed by SEBI or other authorities. Kesarwani cited preoccupation with other activities for her inability to hold the post, including positions on all relevant Board Committees.

Jindal is a commerce and law professional with experience in human resources, business administration, insurance, and compliance. She holds a Master of Commerce, a Post Graduate Diploma in Business Administration (HR), and a Bachelor of Laws (LL.B.). She has passed the Independent Director Proficiency Test and is committed to promoting corporate governance and stakeholder value creation. The Board noted that Jindal is not related to any Director on the Board.

The resignation of Kesarwani was processed in accordance with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. The Board placed on record its appreciation for the contributions made by Kesarwani during her tenure. The company's Managing Director, Nitin Aggarwal, signed the regulatory filing confirming both the appointment and the resignation.

The following table outlines the key details of the board changes:

Fruition Venture Limited reported a net loss of ₹98.27 lakh for the financial year ended March 31, 2026, widening from a net loss of ₹21.92 lakh in the previous year. The company's board approved the audited standalone financial results for the quarter and fiscal year during a meeting held on May 29, 2026. Revenue from operations for the year stood at ₹520.42 lakh, a significant increase from ₹362.82 lakh in FY25, while total income from operations rose to ₹520.42 lakh from ₹362.82 lakh.

For the quarter ended March 31, 2026, the company recorded a net loss of ₹134.14 lakh, compared to a loss of ₹9.53 lakh in the corresponding quarter of the previous year. Revenue from operations for Q4FY26 was ₹148.24 lakh, up from ₹109.71 lakh in Q4FY25. The board noted that the audited standalone financial results were prepared in accordance with Indian Accounting Standards prescribed under section 133 of the Companies Act, 2013 and reviewed by the audit committee.

Financial Performance

The company's net profit before tax for FY26 was ₹38.53 lakh, compared to a loss of ₹14.93 lakh in the previous year. However, after tax, the company reported a net loss of ₹98.27 lakh. The basic earnings per share (EPS) for FY26 was reported as a loss of ₹1.95, compared to a loss of ₹0.85 in FY25. For the quarter ended March 31, 2026, the basic EPS was a loss of ₹3.35.

Balance Sheet and Cash Flow

The company's paid-up equity share capital remained constant at ₹400 lakh, while other equity increased to ₹125.64 lakh from ₹78.81 lakh. The total comprehensive income for the period for FY26 was reported at a loss of ₹78.18 lakh, compared to a loss of ₹33.88 lakh in the previous year.

Key Meeting Details