panyam cements & mineral industries has accepted the resignation of P V N L Anil Kumar from his position as Chief Financial Officer and Key Managerial Person (KMP), effective from the closure of business hours on August 25, 2026. The departure marks a leadership transition in the company’s finance function, requiring the Board to initiate a search for a successor to ensure continuity in financial oversight and regulatory compliance.

The resignation was formally intimated to the BSE Limited on July 29, 2026, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Jagathrakshakan Srinisha confirmed the acceptance of the resignation on behalf of the Board. The disclosure was made in accordance with Para A of Part A of Schedule III of the SEBI LODR Regulations, read with SEBI Circular No. SEB/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, and SEBI Master Circular SEB/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

In his resignation letter addressed to the Board of Directors, Kumar stated that he is stepping down due to personal reasons. He expressed gratitude to the Board, the CEO, and colleagues for their support during his tenure. The letter also requested the company to file the necessary forms with the Registrar of Companies (ROC) and intimate the stock exchanges to give effect to the resignation.

Key Details of Resignation

The company’s registered office is located in Nandyal, Andhra Pradesh, while its corporate office operates from Hyderabad. As per regulatory norms, the company must now appoint a new CFO within the timeframe specified by the Ministry of Corporate Affairs and SEBI guidelines to maintain adequate Key Managerial Personnel coverage.

What This Means for Stakeholders

The exit of a CFO is a significant governance event that investors monitor closely for potential impacts on financial reporting timelines and strategic financial planning. While the source cites personal reasons, the market often scrutinizes such departures for underlying operational shifts. The immediate focus for the Board will be identifying a qualified replacement who can seamlessly integrate into the existing management structure, ensuring no disruption to quarterly filings or investor relations activities.

panyam cements & mineral industries reported a net profit of ₹1,751.14 lakh for the quarter ended March 31, 2026, marking a significant turnaround from the net loss of ₹3,167.82 lakh recorded in the same period last year. The positive bottom line was largely attributable to a one-time credit of ₹4,190.96 lakh arising from the modification of concessory unsecured loans from related parties, which included a waiver of interest and a reduction in the fair value of the loan. This development helped offset high operational costs and finance expenses, signaling a potential shift in the company’s financial trajectory as it stabilizes operations.

The Board of Directors approved the audited financial results at a meeting held on July 27, 2026, in compliance with Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The results were reviewed by the Audit Committee and audited by the company’s Statutory Auditors. The financial statements were prepared in accordance with Indian Accounting Standards (IND AS) as prescribed under Section 133 of the Companies Act, 2013. Management emphasized that the company has consistently honored loan obligations and discharged trade creditors without default, supporting its going concern status despite the annual loss.

Financial Performance Overview

Revenue from operations for the quarter stood at ₹4,021.47 lakh, up from ₹41.92 lakh in the corresponding quarter of FY25, reflecting the ramp-up of commercial operations that began on June 25, 2025. Total revenue, including other income, reached ₹8,458.08 lakh, compared to ₹923.46 lakh in Q4FY25. However, total expenses amounted to ₹6,706.94 lakh, driven by power and fuel costs of ₹2,441.56 lakh and finance costs of ₹1,076.27 lakh.

For the full fiscal year ended March 31, 2026, revenue from operations was ₹8,487.58 lakh, marginally higher than ₹8,352.21 lakh in FY25. Despite this, the company incurred a net loss of ₹3,823.59 lakh for the year, an improvement over the ₹8,918.91 lakh loss in FY25. Earnings per share (basic) were ₹21.83 for the quarter, compared to a loss of ₹39.49 per share in Q4FY25.

What the Numbers Show

The most critical aspect of Panyam Cements’ Q4FY26 performance is the divergence between operational metrics and the bottom line. While revenue from operations grew substantially due to the commencement of full commercial operations, the pre-tax profit of ₹1,751.14 lakh is heavily skewed by non-operational gains. The ₹4,190.96 lakh credit from loan modifications accounts for more than double the reported pre-tax profit, indicating that core operational profitability remains under pressure. High finance costs of ₹1,076.27 lakh in the quarter further highlight the burden of debt servicing. Investors should note that the unrecognised Deferred Tax Asset of ₹68.20 crore reflects management’s caution regarding future taxable income generation, underscoring the ongoing challenges in achieving sustainable operational profitability.