Polo Queen Industrial and Fintech Limited has accepted the resignation of Sandeep Sadashiv Deshpande as Non-Executive Independent Director effective June 15, 2026. Deshpande stepped down due to pre-occupation with personal commitments, a move that impacts the company's board committee structure. Consequently, he has ceased to be the Chairman of the Audit Committee and a member of the Risk Management Committee of the company.

The Board of Directors took note of the resignation, which was tendered with effect from the close of business hours on June 15, 2026. The company disclosed this development pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Prabhas Jiwanram Sanghai, Executive Director and CFO, signed the regulatory filing.

Deshpande confirmed that there are no material reasons for his resignation other than those stated in his resignation letter. The company has annexed the detailed resignation letter and the requisite information under Regulation 30 to the filing submitted to the stock exchanges.

Directorship Details

The resigning director holds other positions in listed entities. The table below outlines his current directorships and committee memberships outside Polo Queen Industrial and Fintech Limited.

The company will undertake the necessary steps to file the requisite forms with the Registrar of Companies, Mumbai, and make relevant disclosures to the stock exchanges.

Polo Queen Industrial and Fintech Limited reported a consolidated net profit of ₹256.96 lakh for the financial year ended March 31, 2026, compared to ₹263.86 lakh in the previous year. For the quarter ended March 31, 2026, the company posted a consolidated net profit of ₹33.72 lakh, against ₹50 lakh in the same quarter of the prior year, while quarterly revenue from operations rose to ₹2,131.12 lakh from ₹1,420 lakh year-on-year. The board approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, during a meeting held on May 29, 2026.

Financial Performance

The consolidated revenue from operations for FY26 stood at ₹7,585.77 lakh, a decrease from ₹8,042.07 lakh in FY25. Total expenses for the year were ₹7,328.94 lakh, slightly lower than ₹7,785.58 lakh recorded in the prior year. The standalone financial results for FY26 showed a net profit of ₹198.77 lakh, up from ₹184.86 lakh in the previous year, while standalone revenue from operations was ₹7,585.77 lakh, down from ₹8,042.07 lakh in FY25. The company's basic and diluted earnings per share (EPS) for the consolidated results were reported at ₹0.08 on an annualised basis.

The table below summarises the key financial metrics for both consolidated and standalone results:

Quarterly Performance

For the quarter ended March 31, 2026, Polo Queen Industrial and Fintech reported a year-on-year improvement in revenue, with consolidated revenue from operations rising to ₹2,131.12 lakh compared to ₹1,420 lakh in the corresponding quarter of the previous year. However, consolidated net profit for the quarter declined to ₹33.72 lakh from ₹50 lakh in the same period last year.

Segment Reporting

The company operates across two segments: Trading and Non-Banking Financial Business. The Trading segment generated revenue of ₹7,585.81 lakh for the year, while the Non-Banking Financial Business segment contributed ₹102.79 lakh. Total assets of the company as of March 31, 2026, stood at ₹22,280.27 lakh on a consolidated basis.

Board Approvals

In addition to the financial results, the board approved the re-appointment of Mr. Janak Mehta, Chartered Accountant, as the Internal Auditor for the financial year 2026-27. The statutory auditors, M/s. N. K. Jalan and Co., provided an unmodified opinion on the audited financial results for both standalone and consolidated accounts.