United Cotfab Limited appointed Dipti Shandilya as its Company Secretary and Compliance Officer effective August 5, 2026. The appointment, approved by the Board of Directors at a meeting held on the same date in Ahmedabad, Gujarat, strengthens the company’s compliance framework under Section 203 of the Companies Act, 2013. This move ensures dedicated oversight for regulatory filings and corporate governance matters.

The appointment follows a recommendation from the Nomination and Remuneration Committee. Ms. Shandilya, who holds Associate Company Secretary registration number 80698, brings experience in secretarial and legal functions to the role. She is a commerce graduate qualified as a company secretary. The Board also formalized the authorization structure for determining materiality of events or information for stock exchange disclosures.

Under Regulation 30(5) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Board jointly authorized two Key Managerial Personnel to assess materiality and make disclosures. These individuals are Managing Director Gagan Mittal and Company Secretary Dipti Shandilya. This dual authorization aligns with the policy on determination of materiality adopted by the Board.

The disclosure was made pursuant to Regulation 30 read with Schedule III Part A Para A of the SEBI Listing Regulations. The company also referenced SEBI Master Circular No. HO/49/14/14(7)2025-CFD-POD2/I/3762/2026 dated January 30, 2026, in its filing with BSE Limited. The Board meeting commenced at 10:30 AM and concluded at 11:00 AM at the registered office in Village Timba, Taluka-Dascroi.

What This Means for Governance

The appointment of a dedicated Company Secretary marks a structural step in United Cotfab’s corporate governance maturity. By explicitly authorizing both the Managing Director and the Company Secretary to determine materiality, the company ensures that significant operational or financial developments are evaluated through both executive and compliance lenses. This joint responsibility model reduces the risk of delayed disclosures and enhances transparency for investors relying on timely information from BSE Limited.

[United Cotfab Limited](united cotfab) reported its audited standalone financial results for the year ended March 31, 2026, showing a rise in revenue but a decline in net profit. The company's revenue from operations increased to ₹15,468.29 lakh in FY26 from ₹12,530.48 lakh in FY25. However, profit for the period fell to ₹171.20 lakh compared to ₹274.60 lakh in the previous year. The board approved the results during a meeting held on May 29, 2026.

Financial Performance

The total income for the year stood at ₹15,949.15 lakh, up from ₹12,585.17 lakh in the previous year. Total expenses also rose to ₹15,404.36 lakh from ₹12,198.32 lakh. The basic earnings per share (EPS) for FY26 were reported at ₹2.17, compared to ₹1.72 in FY25.

Key Developments

The board approved the appointment of M/s. M.I. Prajapati & Associates, Cost Accountants, as cost auditors for the financial year 2026-27. Additionally, the board took note of the resignation of Mr. Praveen Kumar Singh from the post of Company Secretary and Compliance Officer.

Auditor's Observations

The statutory auditor, M/s. Rajiv Shah & Associates, issued an unmodified opinion on the financial statements. The auditor drew attention to an emphasis of matter regarding a search conducted by the Income Tax Department under Section 132 of the Income Tax Act, 1961, on December 09, 2026, during which cash amounting to ₹3,00,636.43 was seized. The company stated it had not received any communication from the department as of the date of the financial statements. The auditor also noted that the audit trail feature in the accounting software was not maintained throughout the year for all transactions.