Shantilal Pokharna resigns from Peoples Investments Limited board

Shantilal Pokharna resigned as Non-Executive Non-Independent Director of Peoples Investments Limited on June 8, 2026, effective immediately. The resignation follows his retirement from the Raymond Group, as stated in his letter to the Board. The Board of Directors of the Company recorded its appreciation for his contributions and guidance during his tenure.

The company informed BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure was read with SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026. There are no material reasons for the resignation other than those stated in the resignation letter.

Resignation Details

The following table outlines the key particulars regarding the director's cessation:

Particulars	Details
Name of the Director	Mr. Shantilal Pokharna
Reason for change	Resignation
Date of Cessation	June 8, 2026
Brief Profile	Not Applicable
Disclosure of relationships between Directors	Not Applicable

Peoples Investments Limited confirmed that the letter of resignation, along with detailed reasons, has been attached to the regulatory filing. Suma Gopalakrishnan Nair, Director, signed the intimation sent to the exchange on June 8, 2026.

Peoples Investments Limited returned to profitability in the financial year ended March 31, 2026, reporting a net profit of ₹0.22 lakh compared to a net loss of ₹2.12 lakh in the previous year. The turnaround was driven by a 40% increase in total income from operations, which rose to ₹7.03 lakh from ₹5.02 lakh in FY25. The Board of Directors approved the audited financial results at a meeting held on May 27, 2026.

The company’s total expenses for FY26 decreased to ₹6.77 lakh from ₹7.14 lakh in the preceding year. Employee benefit expenses remained constant at ₹0.60 lakh, while other expenses, including professional fees and listing fees, saw a reduction. Profit before tax for the year stood at ₹0.26 lakh, a significant improvement from the loss before tax of ₹2.12 lakh in FY25.

For the quarter ended March 31, 2026, the company reported a net loss of ₹1.21 lakh, compared to a net loss of ₹1.82 lakh in the corresponding quarter of the previous year. Total income from operations for the quarter was ₹0.03 lakh, while total expenses amounted to ₹1.47 lakh.

Financial Performance

Particulars	Year Ended 31.03.2026 (₹ in lakhs)	Year Ended 31.03.2025 (₹ in lakhs)
Total Income from Operations	7.03	5.02
Total Expenses	6.77	7.14
Profit/(Loss) before Tax	0.26	(2.12)
Net Profit/(Loss) for the Year	0.22	(2.12)
Basic and Diluted EPS	0.11	(1.06)

Assets and Liabilities

The company's total assets as of March 31, 2026, stood at ₹2.51 lakh, up from ₹2.29 lakh in the previous year. Cash and cash equivalents increased to ₹1.64 lakh from ₹1.42 lakh. Equity share capital remained unchanged at ₹20.00 lakh, while reserves excluding revaluation reserves improved to (₹17.85) lakh from (₹18.01) lakh.

Particulars	As at 31.03.2026 (₹ in lakhs)	As at 31.03.2025 (₹ in lakhs)
Total Assets	2.51	2.29
Non-current Assets	0.84	0.74
Current Assets	1.67	1.55
Total Equity and Liabilities	2.51	2.29
Equity Share Capital	20.00	20.00
Current Liabilities	0.36	0.30

Auditor's Report

Khandhar Mehta & Shah, Chartered Accountants, the statutory auditors, issued an audit report with an unmodified opinion on the annual standalone financial results for FY26. The report confirms that the results give a true and fair view in conformity with the Indian Accounting Standards. The auditors also reviewed the standalone financial results for the quarter ended March 31, 2026, concluding that no material misstatements were identified.

Ms. Suma G. Nair, Director, has been authorized by the Board to sign the financial results. The company is solely engaged in financial consultancy services, which remains its only reportable segment.