Rekvina Laboratories has accepted the resignation of Amit Mukesh Shah from the positions of Managing Director and Director, effective September 11, 2026.

The company disclosed the development in a filing with the Bombay Stock Exchange on September 12, 2026. The intimation was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Mr. Shah tendered his resignation due to personal reasons and personal commitments. In his letter to the Chairman, dated September 11, 2026, he confirmed that his departure is solely attributable to these factors and stated there are no other reasons for his resignation.

The Board of Directors formally accepted the resignation through a communication signed by Surbhit Mukesh Shah, Director, on September 12, 2026. The filing included details required under SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

No financial data or operational metrics were disclosed in this regulatory filing.

Rekvina Laboratories reported a net loss of ₹25.47 lakh for FY26, widening from a loss of ₹13.71 lakh in the previous fiscal year. The company recorded revenue from operations of ₹126.54 lakh, marking its first operational income after a period of suspension.

The board approved the financial statements and the AGM notice on September 3, 2026. The annual general meeting is scheduled for September 29, 2026.

Financial Performance

Rekvina Laboratories commenced operations in FY26, generating total income of ₹126.54 lakh compared to nil in FY25. However, total expenses surged to ₹152.01 lakh from ₹13.71 lakh, driven primarily by purchases of stock-in-trade (₹118.16 lakh) and employee benefits (₹22.99 lakh).

Balance Sheet Signals

Borrowings increased significantly to ₹147.27 lakh from ₹24.69 lakh, largely comprising unsecured loans from related parties. The company’s equity stood at negative ₹122.82 lakh, reflecting accumulated losses and a prior-period error adjustment of ₹64.13 lakh for historical listing and filing fees.

What the Numbers Show

The divergence between operational commencement and profitability is stark. While the company generated ₹126.54 lakh in sales, it incurred a net loss of ₹25.47 lakh. This indicates that the initial cost structure—particularly employee benefits and procurement costs—exceeded the revenue generated in this first year of active trading.

Corporate Governance

The board noted the resignation of Company Secretary Deepak Khandelwal effective September 2, 2026. It also recommended the reappointment of Mrs. Ilaben Pathak and the appointment of Mr. Prateek Jain and Mr. Jay Chintan Patel as independent directors.