Chandra Prabhu International Limited (CPIL) has reported a robust performance for the first quarter, coupled with significant corporate actions announced by its board of directors.

Financial Performance

CPIL reported a total income of Rs. 177.17 crore, marking a 5.99% increase from Rs. 167.16 crore in the corresponding quarter of the previous year. The company's net profit after tax saw a notable rise of 7.83%, reaching Rs. 56.14 lakh, while profit before tax increased by 9.34% to Rs. 77.63 lakh.

The company's earnings per share (EPS) improved to Rs. 1.51 from Rs. 1.40 in the same period last year, reflecting the positive impact of its growth strategies.

Key Financial Highlights:

Operational Highlights

A key driver of CPIL's revenue growth was the 15-20% year-on-year increase in coal trading volumes. The company is actively expanding its coal trading and logistics operations while also exploring opportunities in renewable energy trading.

Bonus Share Issue

In a significant move for shareholders, CPIL's board of directors has approved the issue of bonus equity shares in the ratio of 1:2. This means shareholders will receive one bonus equity share for every two fully paid-up equity shares held. The bonus shares will have a face value of Rs. 2 each.

The company plans to capitalize a sum not exceeding Rs. 1,84,90,000 from its free reserves (retained earnings) to implement this bonus issue. This decision is subject to shareholder approval at the upcoming 40th Annual General Meeting.

Corporate Actions

The board meeting also approved several other important measures:

1. Re-appointment of Mr. Gajraj Jain as Chairman cum Managing Director for a three-year term starting April 17, 2026, subject to shareholder approval.

2. Increase in Authorized Share Capital and consequent alteration to the Capital Clause of the Memorandum of Association.

3. Appointment of Mr. Baladeva Chitranjan as the company's secretarial auditor for a five-year term from FY 2025-2026 to FY 2029-2030.

Management Outlook

CPIL's management expressed optimism about maintaining growth momentum, citing robust coal demand as a key factor supporting volume growth.

The company's strategic focus on expanding its core business while exploring new avenues in renewable energy trading indicates a forward-looking approach to sustainable growth in the evolving energy sector.

Chandra Prabhu International Limited (CPIL) has announced a series of significant decisions following its board meeting held on August 8, 2025. The company's board has approved several key measures, including a bonus share issue and leadership reappointments, subject to shareholder approval at the upcoming 40th Annual General Meeting (AGM).

Bonus Share Issue

In a move to reward its shareholders, CPIL's board has approved a bonus share issue in the ratio of 1:2. This means shareholders will receive one new equity share for every two shares held. The bonus shares, with a face value of ₹2 each, will be issued by capitalizing up to ₹1.84 crore from the company's free reserves (retained earnings).

The company plans to issue approximately 92,45,000 new equity shares, increasing its paid-up share capital from 1,84,90,000 shares to 2,77,35,000 shares post-bonus issue. The record date for determining shareholder eligibility for the bonus shares will be announced later, with the shares expected to be credited by October 7, 2025.

Increase in Authorized Share Capital

To accommodate the bonus issue, CPIL's board has approved an increase in the company's authorized share capital by ₹1 crore. This will raise the total authorized share capital from 2,50,00,000 shares to 3,00,00,000 shares, all with a face value of ₹2 each.

Leadership Reappointment

The board has recommended the reappointment of Mr. Gajraj Jain (DIN: 00049199) as Chairman cum Managing Director for another three-year term. If approved by shareholders, Mr. Jain's new term will run from April 17, 2026, to April 16, 2029. With over 38 years of experience as an entrepreneur and industrialist, Mr. Jain's continued leadership is expected to benefit the company.

Other Key Appointments

CPIL has also appointed Mr. Baladeva Chitranjan (FCS 6045) as the company's secretarial auditor for a five-year term from FY 2025-2026 to FY 2029-2030. Additionally, Mr. Krishna Kumar Singh has been appointed as the scrutinizer for remote e-voting at the upcoming AGM.

Financial Results

The board has approved the unaudited financial results for the quarter ended June 30, 2025. These results, along with the Limited Review Report, will be available on the company's website and the BSE Limited website.

Conclusion

These decisions reflect CPIL's commitment to shareholder value and corporate governance. The bonus share issue, in particular, is likely to be welcomed by investors, while the leadership reappointments suggest continuity in the company's management strategy. Shareholders will have the opportunity to vote on these proposals at the forthcoming 40th AGM, which will be conducted through video conferencing and other audio-visual means.

As of March 31, 2025, Chandra Prabhu International Limited reported retained earnings of ₹456.09 crore, indicating a strong financial position to support its bonus share issuance and future growth plans.