Choksi Asia Limited has announced outstanding financial results for Q3FY26, showcasing remarkable growth across all key performance metrics. The company's Board of Directors approved the unaudited standalone financial results during their meeting held on February 12, 2026, demonstrating exceptional improvement in profitability and operational efficiency.

Outstanding Q3FY26 Financial Performance

The company delivered exceptional financial results for the quarter ended December 31, 2025, with substantial improvements across all major parameters compared to the corresponding period last year.

Nine-Month Performance Highlights

The company's nine-month performance for the period ended December 31, 2025, further reinforces its strong operational momentum and market position with consistent growth across all parameters.

Operational Efficiency and Cost Management

The company demonstrated improved operational efficiency with total expenses for Q3FY26 at ₹1,061.36 lacs compared to ₹913.62 lacs in the previous year. Despite higher absolute costs, the company maintained strong profit margins through effective cost management and increased revenue generation. The company's profit before tax increased significantly to ₹216.17 lacs from ₹35.63 lacs in the corresponding quarter last year.

Corporate Governance and Regulatory Compliance

The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the Audit Committee before Board approval. The company operates in the NDT (Non-Destructive Testing) industry as a single reportable segment under Ind AS 108.

The results have been filed under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and are available on the company's website at www.choksiworld.com . The company maintains its registered office at 163/164, Choksi Bhuvan, Nehru Road, Vile Parle (E), Mumbai, with branch offices in Mumbai, Delhi, Chennai, and a factory in Silvassa.

Choksi Asia Limited's Board of Directors approved key strategic decisions during their meeting held on January 9, 2026, focusing on operational restructuring and enhanced financial capabilities. The board session, which commenced at 10:30 AM and concluded at 11:30 AM, addressed critical corporate governance matters requiring shareholder and regulatory approvals.

Registered Office Relocation Initiative

The board sanctioned a significant operational shift by approving the relocation of the company's registered office from its current Mumbai location to Dadra and Nagar Haveli. The proposed transition involves moving from 163-164, Choksi Bhuvan, Nehru Road, Vile Parle East, Mumbai 400068 to Survey No. 121, Plot No 10, Silvassa Industrial Estate, 66 KVA Road, Amli, Silvassa, Dadra & Nagar Haveli, 396230.

This relocation necessitates consequent alterations to the company's Memorandum of Association, specifically substituting the existing clause II to reflect the new registered office location in the Union Territory of Dadra and Nagar Haveli. The implementation requires approvals from shareholders, Registrar of Companies, Regional Director (Central Government), and other requisite regulatory authorities.

Enhanced Financial Authorization Limits

The board approved expanding the company's financial operational capacity by authorizing loan provisions, guarantees, security arrangements, and investments up to ₹60 crores. This authorization exceeds the limits specified under Section 186 of the Companies Act, 2013, thereby requiring shareholder approval for implementation.

Compliance Matter Resolution

The board addressed a recent regulatory compliance issue involving delayed submission of related party transaction disclosures. BSE Limited imposed a fine of ₹5,900, including applicable taxes, under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, for the one-day delay in submitting related party transactions for the half-year ended September 2025.

The company settled this penalty on December 18, 2025. The board formally acknowledged this matter and issued specific instructions to the Company Secretary and Finance team to implement measures preventing future compliance delays.

Corporate Structure and Operations

Choksi Asia Limited, formerly known as Choksi Imaging Limited, maintains operational presence across multiple locations including Mumbai, Delhi, Chennai, and Silvassa through its branch office network. The company's manufacturing facility is located in Silvassa, which aligns strategically with the proposed registered office relocation to the same region.

The board's decisions reflect the company's strategic focus on operational consolidation and enhanced financial flexibility to support business growth initiatives. All approved matters require subsequent shareholder ratification and regulatory clearances before implementation.