Ekansh Concepts Limited has reported challenging financial performance for the third quarter ended December 31, 2025, alongside significant board restructuring activities. The Mumbai-based consulting and outsourcing company disclosed its unaudited financial results and key corporate governance changes in a comprehensive board meeting outcome.

Financial Performance Overview

The company's standalone financial results for Q3 FY26 revealed deteriorating performance across key metrics. Total income dropped significantly to ₹240.86 lakhs compared to ₹546.25 lakhs in the corresponding quarter of the previous year, representing a substantial decline.

The company's operational costs decreased to ₹93.35 lakhs from ₹209.32 lakhs year-on-year, while employee benefit expenses declined to ₹317.58 lakhs from ₹387.03 lakhs. However, finance costs increased substantially to ₹130.32 lakhs from ₹91.91 lakhs in the previous year.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company reported a net loss of ₹121.87 lakhs compared to a profit of ₹22.06 lakhs in the corresponding period of the previous year. Total income for the nine-month period stood at ₹2,515.65 lakhs against ₹3,808.47 lakhs in the previous year.

Board Restructuring and Leadership Changes

The board meeting on February 13, 2026, witnessed significant leadership transitions. The company appointed Mr. Brijmohan Agarwal as Additional Director (Non-Executive Independent) for a term of up to 5 consecutive years, subject to shareholder approval.

Mr. Brijmohan Agarwal brings extensive experience as a Fellow Chartered Accountant with over 35 years of professional practice since 1981. He has been a Partner at Borkar & Muzumdar, Chartered Accountants, Mumbai since 1987, specializing in domestic and international taxation, transfer pricing, and statutory audits.

Key Resignations

The company accepted resignations from two board members effective February 13, 2026. Mr. Heeralal Agarwal resigned from his position as Whole Time Director, citing personal commitments as the reason for his departure. Ms. Ekta Gupta stepped down as Independent Director due to preoccupation and other professional commitments.

Committee Reconstitution

Following the board changes, the company approved the reconstitution of three key committees: the Audit Committee, Nomination and Remuneration Committee, and Stakeholders' Relationship Committee. These changes ensure continued compliance with corporate governance requirements under SEBI regulations.

Regulatory Compliance Update

The company submitted a revised corporate announcement on February 16, 2026, to ensure complete compliance with SEBI regulations. The revision included additional details required under SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, particularly regarding the names of listed entities where the resigning Independent Director holds directorships. The company confirmed that Ms. Ekta Gupta holds no directorships in other listed companies.

Earnings Per Share Impact

The financial performance translated to a basic and diluted loss per share of ₹2.11 for Q3 FY26, compared to a loss of ₹1.35 per share in Q3 FY25. For the nine-month period, the loss per share stood at ₹0.81 compared to earnings of ₹0.15 per share in the previous year.

Ekansh Concepts Limited has informed BSE Limited about the cessation of Mr. Sundarlal Sanwarmal Bagaria as Independent Director upon completion of his tenure. The announcement was made through a regulatory filing dated December 28, 2025, in compliance with SEBI regulations.

Director Cessation Details

Mr. Sundarlal Sanwarmal Bagaria (DIN: 07269962) completed his second term as Independent Director and ceased to hold the position with effect from the close of business hours on December 27, 2025. The cessation occurred due to the natural completion of his tenure as an Independent Director.

Board Committee Positions

Prior to his cessation, Mr. Bagaria held significant leadership positions across multiple board committees. He served as Chairperson of three key committees, demonstrating his integral role in the company's governance structure.

Mr. Bagaria automatically ceased to be Chairperson and Member of all the aforementioned committees with effect from the close of business hours on December 27, 2025.

Company Acknowledgment

The Board of Directors and Management of Ekansh Concepts Limited have placed on record their sincere appreciation for the valuable contributions, guidance, and services rendered by Mr. Sundarlal Sanwarmal Bagaria during his association with the company. The filing indicates that this was his only listed company directorship.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and in accordance with SEBI circulars dated November 11, 2024, and December 31, 2024. The company has fulfilled all requisite disclosure requirements for the cessation of the Independent Director.