Bansal Roofing Products Limited , a leading manufacturer of roofing solutions, has announced significant corporate actions and financial results in its recent board meeting. The company has set key dates for shareholder events and made changes to its board composition.

Dividend and AGM Announcement

The company has fixed September 2, 2025, as the record date for two important purposes:

1. To determine shareholder eligibility for the proposed annual dividend of Rs. 1 per equity share (10%) for the financial year 2024-25.
2. To identify shareholders eligible to participate in the 17th Annual General Meeting (AGM) scheduled for September 10, 2025.

The AGM will be conducted through video conferencing at 2:00 p.m. IST. If approved by shareholders, the dividend will be paid within the statutory period.

Financial Performance

Bansal Roofing Products reported robust financial results for the quarter ended June 30, 2025:

The company's performance shows significant year-over-year growth, with Q1 FY2026 profit more than doubling compared to Q1 FY2025.

Board Changes

The board meeting, held on August 4, 2025, saw several key decisions:

1. Resignation: Mrs. Arpita T Shah (DIN: 09630872) resigned as Non-Executive Independent Director, effective from the close of business hours on August 4, 2025. Consequently, she also stepped down from her positions in the Nomination & Remuneration Committee and as Chairperson of the Audit Committee.

2. New Appointment: Mr. Yaksh Darji (DIN: 10808552) was appointed as an Additional Director (Non-Executive Independent) with effect from August 4, 2025. His appointment is subject to shareholder approval at the upcoming AGM.

3. Committee Reconstitution:

   • Mr. Ravi Bhandari (DIN: 06395271) was appointed as the new Chairperson of the Audit Committee.
   • Mr. Yaksh Darji was inducted as a member of the Nomination & Remuneration Committee.

Other Key Decisions

• The board approved the unaudited standalone financial results for Q1 FY2026.
• The draft notice for the 17th AGM and the draft Board's Report, including Corporate Governance Report and Management Discussion & Analysis Report for FY2025, were approved.
• The company will transfer the unclaimed dividend for FY2017-18 to the Investor Education Protection Fund (IEPF) after October 15, 2025.

Bansal Roofing Products continues to demonstrate strong financial performance and corporate governance practices, as reflected in these recent announcements and board decisions.

Bansal Roofing Products Ltd , a leading manufacturer of roofing solutions, has reported a robust financial performance for the first quarter, along with significant changes to its board composition.

Strong Financial Performance

The company's unaudited standalone financial results for the quarter reveal impressive growth:

Bansal Roofing Products witnessed a substantial 50.6% year-over-year increase in revenue from operations, rising from Rs. 2,404.01 lakhs to Rs. 3,619.67 lakhs. The company's profit after tax more than doubled, showing a remarkable 141.5% growth to reach Rs. 201.98 lakhs, compared to Rs. 83.63 lakhs in the same quarter of the previous year.

Board Changes and Corporate Updates

The company announced several key changes to its board and corporate structure:

1. Director Resignation: Mrs. Arpita T Shah (DIN: 09630872) has resigned from her position as Non-Executive Independent Director, citing pre-occupation and personal commitments.

2. New Appointment: Mr. Yaksh Darji (DIN: 10808552) has been appointed as an Additional Director (Non-Executive Independent). His appointment is subject to shareholder approval at the upcoming Annual General Meeting (AGM).

3. Committee Reconstitution:

   • The Audit Committee has been reconstituted with Mr. Ravi Bhandari as the new chairperson.
   • The Nomination & Remuneration Committee now includes Mr. Yaksh Darji as a new member.

4. Annual General Meeting: The company has scheduled its 17th AGM to be held through video conferencing.

5. Unclaimed Dividend: The board has approved the transfer of unclaimed dividends for the financial year 2017-18 to the Investor Education Protection Fund (IEPF).

Management Commentary

Mr. Kaushalkumar S. Gupta, Chairman & Managing Director of Bansal Roofing Products Ltd, stated, "We are pleased with our strong start to the fiscal year. The significant growth in both our top line and bottom line reflects the increasing demand for our products and our operational efficiency. We remain committed to delivering value to our shareholders and look forward to sustaining this momentum in the coming quarters."

The company's robust financial performance, coupled with its proactive approach to corporate governance, positions Bansal Roofing Products Ltd for continued growth in the roofing solutions sector. Investors and stakeholders will be keenly watching the company's performance in the subsequent quarters to gauge the sustainability of this growth trajectory.