Nakoda Group of Industries has accepted the resignation of Apurv Avinash Hirde as its Company Secretary and Compliance Officer, effective July 31, 2026. Hirde, who served as a Key Managerial Personnel (KMP) for the Nagpur-based manufacturer, tendered his resignation to pursue new career opportunities outside the company. The departure marks a change in the firm’s compliance leadership structure, with the Board of Directors now tasked with identifying a suitable replacement.

The resignation was formally communicated to the National Stock Exchange of India Ltd. and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Jayesh Choudhary, Whole Time Director of Nakoda Group of Industries Limited, confirmed that the Board received Hirde’s resignation letter on June 8, 2026. While the resignation was accepted with immediate effect regarding his intent to leave, his last working day is designated as July 31, 2026, at closing business hours.

Hirde, holding Membership No. ACS 60955, cited personal career progression as the reason for his exit. In his resignation letter addressed to the Board of Directors, he requested the company to file the necessary forms with the Registrar of Companies (ROC) Mumbai and the Ministry of Corporate Affairs (MCA). He also thanked the management and directors for their support during his tenure.

The company stated it is in the process of hiring a suitable candidate for the vacant position. Nakoda Group of Industries Limited will issue a further intimation to the stock exchanges once the vacancy is filled. This procedural update ensures transparency for investors regarding changes in key managerial roles.

Key Details of Resignation

What This Means for Stakeholders

The departure of a Company Secretary and Compliance Officer is a routine corporate governance event but requires prompt attention to ensure continuous regulatory compliance. For shareholders and investors, the primary implication is the temporary vacancy in a critical oversight role. The company’s commitment to filling the position promptly and updating the exchanges mitigates any potential operational risk. Investors should monitor future filings for the appointment of the successor, which will restore full KMP staffing levels.

Nakoda Group of Industries reported a standalone net profit after tax (PAT) of ₹29.26 lakh for the quarter ended June 30, 2026, representing an 86% increase compared to ₹15.73 lakh in the same quarter of FY25. The growth in profitability was supported by a 20.1% rise in revenue from operations, which stood at ₹831.23 lakh against ₹692.09 lakh in Q1FY25. This performance signals improved operational efficiency for the Nagpur-based manufacturer and trader of dry fruits, soft drinks, and agro commodities.

The Board of Directors approved the unaudited standalone financial results on July 28, 2026, pursuant to Regulations 30 and 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and received an unmodified limited review opinion from statutory auditors M/s. Manish N Jain & Co, Chartered Accountants, under Standards on Review Engagements (SRE) 2410.

Financial Performance Highlights

Revenue from operations increased to ₹831.23 lakh in Q1FY26 from ₹692.09 lakh in the previous year’s corresponding quarter. However, cost pressures remained evident, with the cost of materials consumed rising to ₹700.89 lakh from ₹667.08 lakh. Total expenses decreased slightly to ₹792.08 lakh from ₹671.40 lakh, aided by a significant reduction in inventory changes which contributed a credit of ₹95.36 lakh.

Earnings per share (basic and diluted) stood at ₹0.17 per share, up from ₹0.09 per share in Q1FY25. The company recorded a total tax expense of ₹9.89 lakh, primarily comprising deferred tax of ₹9.89 lakh, compared to ₹4.96 lakh in the prior year quarter.

What the Numbers Show

The divergence between revenue growth (20.1%) and material cost growth (5.1%) indicates improved pricing power or product mix optimization. Additionally, finance costs declined by 15.3% to ₹28.20 lakh, suggesting better debt management or lower interest burdens, which directly contributed to the nearly doubled profit before tax. Employee benefits also saw a marginal reduction, further supporting margin expansion.

Corporate Actions

The company noted that it completed the allotment of 87.00 lakh share warrants in July 2026, subsequent to the reporting period. These warrants, issued at ₹28.00 each to promoter and non-promoter categories, aggregated to ₹2,436.00 lakh. As this transaction occurred after June 30, 2026, its financial impact is not reflected in the Q1FY26 results. The company does not have any subsidiaries, associates, or joint ventures, and segment reporting under Ind AS 108 is not applicable.