Black Rose Industries Issues Postal Ballot Notice for Independent Director Appointment

Black Rose Industries Limited , a prominent player in the chemicals sector, has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Mayur Desai as Non-Executive Independent Director through electronic voting.

Postal Ballot Notice Details

The company has issued a postal ballot notice dated December 16, 2025, to BSE Limited for seeking member approval through a special resolution. The notice pertains to the appointment of Mr. Mayur Bhupendralalal Desai (DIN: 00358846) as a Non-Executive Independent Director.

Parameter:	Details
Cut-off Date:	December 12, 2025
E-voting Start:	December 17, 2025 at 9:00 AM (IST)
E-voting End:	January 15, 2026 at 5:00 PM (IST)
Results Declaration:	On or before January 17, 2026
Service Provider:	National Securities Depository Limited (NSDL)

Director Appointment Details

Mr. Mayur Desai was initially appointed as an Additional Director (Non-Executive Independent) effective November 11, 2025, subject to member approval through postal ballot. His appointment is proposed for a five-year term from November 11, 2025, to November 10, 2030.

Mr. Desai brings over four decades of experience as a Chartered Accountant, with expertise in:

Taxation and regulatory matters
Transaction advisory services
Corporate governance
Financial management and oversight
Mergers and acquisitions

His extensive background includes advising listed companies, multinational corporations, and start-ups on complex tax and regulatory matters. Mr. Desai has also been a former committee member of BCAS (Bombay Chartered Accountants Society) and CTC (Chamber of Tax Consultants).

E-Voting Process

In compliance with MCA circulars, the postal ballot notice is being sent only through electronic mode to members whose email addresses are registered with the company or depositories. Physical copies of the postal ballot notice are not being sent to members.

The company has appointed Mr. Shiv Hari Jalan, Company Secretary in Practice (Membership No.: FCS5703), as the Scrutinizer for conducting the postal ballot through the e-voting process.

Previous Financial Performance

The company had earlier reported its financial results for Q2 FY2026, showing consolidated revenue from operations of ₹8,397.60 crore compared to ₹9,304.62 crore in Q2 FY2025. The net profit for Q2 FY2026 was ₹442.63 crore versus ₹470.92 crore in the corresponding quarter of the previous year.

Particulars (₹ in crore):	Q2 FY2026	Q2 FY2025
Revenue from Operations:	8,397.60	9,304.62
Net Profit:	442.63	470.92
EPS (Basic):	0.87	0.91

Corporate Governance Enhancement

The appointment of Mr. Desai as an independent director represents Black Rose Industries' commitment to strengthening its corporate governance framework. The board believes his extensive professional experience and expertise will contribute significantly to the company's strategic direction and governance practices.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.83%	+1.25%	-2.75%	-2.06%	-23.20%	-24.34%

Black Rose Industries Limited , a prominent player in the chemicals sector, has announced its financial results for the first quarter ended June 30, 2025, along with several significant corporate decisions. The company's Board of Directors approved these measures during a meeting held on August 14, 2025.

Financial Performance

For the quarter ended June 30, 2025, Black Rose Industries reported standalone revenue from operations of ₹59.85 crore, with a net profit of ₹4.24 crore. The company's performance reflects its continued operations in the chemical industry.

Key Management Changes

The Board has made several important decisions regarding the company's management structure:

Chief Risk Officer Appointment: Mr. Ratan Agrawal, the current Chief Financial Officer, has been appointed as the Chief Risk Officer of the company.
Senior Management Designations: Dr. Pavankumar Aduri, Vice President-Innovation, and Mr. Bhavesh Shah, General Manager-Sales, have been designated as Senior Management Personnel. This move is part of the reorganization of the company's Key Managerial Personnel structure.

Dr. Aduri brings over 16 years of experience in the chemical industry, with a Ph.D. in Chemical Engineering. He has been instrumental in driving innovation across specialty chemicals, polymer additives, liquid formulations, and pigments.

Mr. Shah, with over 30 years of experience, holds a Master's in Management Studies (Finance) from NMIMS and has been associated with the company since 2008, leading critical functions in marketing and sales.

Corporate Governance

The company has taken steps to strengthen its corporate governance:

Secretarial Auditor Appointment: M/s. Shiv Hari Jalan & Co., Practicing Company Secretaries, have been appointed as Secretarial Auditors for a term of 5 years (FY 2025-26 to FY 2029-30), subject to shareholder approval.
Annual General Meeting: The 35th Annual General Meeting is scheduled for September 29, 2025, to be held via video conferencing.

Strategic Business Decision

In a significant move, the Board has approved, subject to shareholder approval, the closure, sale, or transfer of 100% shareholding in its wholly-owned material subsidiary, B.R. Chemicals Co. Limited, Japan. This subsidiary contributed ₹54.37 crore, representing 13.57% of the total consolidated income of the company in the last financial year.

The decision follows the earlier move to discontinue the subsidiary's business operations from January 30, 2025. This strategic step is expected to impact the company's consolidated financial structure, as the subsidiary also contributed 3.67% to the total consolidated net worth.

Black Rose Industries continues to adapt to market conditions and streamline its operations, focusing on its core chemical business in India. The company's actions reflect its commitment to enhancing operational efficiency and shareholder value in the evolving business landscape.