Ridhi synthetics Limited has announced the appointment of Mr. Ashish Rameshwar Agarwal as Additional Independent Director, effective March 28, 2026. The appointment has been made by the Board of Directors and is subject to approval from shareholders.

Appointment Details

The company has disclosed the appointment in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The key details of the appointment are structured as follows:

Director Profile and Qualifications

Mr. Ashish Rameshwar Agarwal brings professional expertise to the board as a Chartered Accountant with more than 7 years of experience in taxation matters. The company has confirmed that he has no relations with existing directors on the board.

Regulatory Compliance

Ridhi Synthetics Limited has confirmed that Mr. Ashish Rameshwar Agarwal is not debarred from holding the office of director pursuant to any SEBI order or any other regulatory authority. This confirmation aligns with the requirements under BSE Circular LIST/COMP/14/2018-19 and NSE circular NSE/CML/2018/24, both dated June 20, 2018.

Corporate Governance Impact

The appointment of an Additional Independent Director strengthens the company's board composition and enhances corporate governance practices. Independent directors play a crucial role in providing objective oversight and strategic guidance to the management.

The disclosure was signed by Vishal Chaturvedi, Director (DIN: 10043860), on behalf of Ridhi Synthetics Limited, demonstrating the company's commitment to transparent communication with stakeholders and regulatory compliance.

Ridhi Synthetics Limited has released its unaudited financial results for the quarter ended December 31, 2025, revealing a challenging operational period marked by significant revenue contraction. The Mumbai-based synthetic materials company faced substantial headwinds during Q3FY26, with key financial metrics showing considerable year-over-year declines.

Financial Performance Overview

The company's operational performance during Q3FY26 reflected significant challenges across multiple financial parameters. Revenue generation faced substantial pressure, while profitability metrics showed mixed results despite the overall decline.

Revenue and Operational Challenges

The most significant impact was observed in the company's revenue generation, with total income from operations declining sharply to ₹12.49 lacs in Q3FY26 compared to ₹37.45 lacs in the corresponding quarter of the previous year. This represents a substantial 66.67% decrease, indicating significant operational challenges during the quarter.

Despite the revenue pressures, the company managed to maintain its profit margins relatively well. Net profit before tax stood at ₹34.42 lacs, down from ₹86.95 lacs in Q3FY25, representing a 60.40% decline that was proportionally smaller than the revenue drop.

Profitability and Comprehensive Income

Net profit after tax for Q3FY26 was ₹25.94 lacs, compared to ₹65.71 lacs in the same period last year, marking a 60.52% decrease. The company's tax management appeared effective, with the after-tax decline being marginally higher than the pre-tax decline.

Other comprehensive income showed ₹516.56 lacs in Q3FY26 versus ₹874.08 lacs in Q3FY25, representing a 40.89% decline. This metric, which includes various non-operational income components, provided some cushion to the overall financial performance.

Earnings Per Share Analysis

The company's earnings per share performance reflected the overall financial challenges, with basic and diluted EPS declining significantly year-over-year.

Corporate Governance and Compliance

The financial results were prepared in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The unaudited results underwent proper review by the Audit Committee before receiving approval from the Board of Directors at their respective meetings held on February 12, 2026.

The company published these results in newspapers including The Free Press Journal and Navshakti on February 13, 2026, ensuring compliance with regulatory disclosure requirements. The complete detailed format of the quarterly financial results is available on the BSE website and the company's official website for stakeholder reference.