Divyashakti Granites , a company specializing in granite and quartz slab processing and exports, has reported its financial results for the quarter ended September 30, 2025. The company faced challenges during this period, as reflected in its financial performance.

Financial Highlights

The company reported a net loss of ₹8.34 lakhs for the quarter, a significant decline from the profit of ₹56.46 lakhs recorded in the same period last year. This represents a 114.77% decrease in profitability year-over-year.

Revenue from operations also saw a substantial decline, dropping to ₹673.86 lakhs from ₹1,596.06 lakhs in the corresponding quarter of the previous year, marking a 57.78% decrease.

Half-Year Performance

For the six-month period, Divyashakti Granites achieved a profit of ₹86.17 lakhs on revenue of ₹2,154.99 lakhs. This indicates that despite the challenges faced in the second quarter, the company maintained profitability over the broader half-year period.

Corporate Governance

The Board of Directors of Divyashakti Granites approved these unaudited financial results at their meeting held on October 31, 2025. This approval process is in line with regulatory requirements and demonstrates the company's commitment to transparent financial reporting.

Independent Auditor's Review

As per the LODR (Listing Obligations and Disclosure Requirements) data, an independent auditor's review was conducted by PAVULURI & Co., Chartered Accountants. The review, led by CA P ACHUTA RAMAIAH, was performed in accordance with the Standard on Review Engagement (SRE) 2410.

The auditors stated that based on their review, nothing has come to their attention that causes them to believe that the financial statements are not prepared in accordance with applicable accounting standards and regulations. This provides assurance to stakeholders regarding the reliability of the reported financial information.

Conclusion

Divyashakti Granites faced challenges in Q2 2025, particularly in terms of revenue and profitability. However, the company's ability to maintain overall profitability for the half-year period suggests resilience in its business model. Stakeholders may want to monitor future quarters to assess whether this represents a temporary setback or a longer-term trend for the company.

Divyashakti Granites , a prominent player in its industry, has announced a significant change in its board composition. The company's Board of Directors has approved the re-appointment of Mr. Ramakrishna Prasad Musunuri as an Independent Director, signaling continuity in its governance structure.

Board Approval and Appointment Details

The decision to re-appoint Mr. Musunuri was made through a circular resolution on January 21, 2025. This move came on the heels of a recommendation from the company's Nomination and Remuneration Committee, underscoring the systematic approach to board appointments.

Mr. Musunuri is set to serve a second term of 5 years as a non-executive, Independent Director. His new term is scheduled to commence on January 27, 2025, subject to approval from the company's members.

Profile of Ramakrishna Prasad Musunuri

At 58 years old, Mr. Musunuri brings a wealth of experience to his role at Divyashakti Granites. He holds an MBA in Finance, which forms the foundation of his extensive expertise in the field.

Key highlights of Mr. Musunuri's professional background include:

• Over 20 years of experience in Finance and Accounts
• Expertise in Corporate Governance
• Proficiency in Risk Management

These skills are particularly valuable for his role as an Independent Director, where oversight and strategic guidance are crucial.

Independence and Corporate Governance

It's worth noting that Mr. Musunuri is not related to any other directors of Divyashakti Granites. This independence is crucial for maintaining objectivity and ensuring robust corporate governance practices within the company.

The re-appointment of Mr. Musunuri for a second term suggests that the Board values his contributions and believes in the continuity of his expertise for the company's future direction.

Looking Ahead

As Divyashakti Granites moves forward with this re-appointment, stakeholders will be keenly watching how Mr. Musunuri's continued presence on the board influences the company's strategic decisions and financial performance in the coming years.

The final approval from the company's members will be the next step in confirming this significant board-level decision.