Foundry Fuel Products Limited Approves Q3FY26 Results and Announces Board Changes
Foundry Fuel Products Limited's board meeting on February 12, 2026, resulted in the approval of Q3FY26 unaudited financial results for the quarter and nine months ended December 31, 2025. The company announced Mrs. Sudha Ramesh's resignation as Non-Executive Independent Woman Director due to personal reasons, while appointing Mrs. Sneha Sharma to the same position for a five-year term. Mrs. Sharma brings over 10 years of Company Law Advisory Services experience and her appointment requires shareholder approval through postal ballot.
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Foundry Fuel Products Limited announced the outcomes of its board meeting held on February 12, 2026, covering the approval of quarterly financial results and significant board composition changes. The meeting, which commenced at 02:30 PM and concluded at 03:00 PM, addressed multiple key agenda items under SEBI regulations.
Financial Results Approval
The board approved and recorded the unaudited financial results for the quarter and nine months ended December 31, 2025. These results were presented alongside a Limited Review Report issued by the company's auditors, in compliance with Regulation 30(6) and 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Board Leadership Changes
The company announced two significant director appointments that will reshape its board composition:
| Change Type: | Director Details | Effective Date |
|---|---|---|
| Resignation: | Mrs. Sudha Ramesh (DIN: 02840031) | February 12, 2026 |
| Appointment: | Mrs. Sneha Sharma (DIN: 10680027) | February 12, 2026 |
Director Resignation
Mrs. Sudha Ramesh resigned from her position as Non-Executive Independent Woman Director due to personal reasons and unavoidable circumstances. The board expressed gratitude for her valuable contributions and guidance during her association as an Independent Director.
New Director Appointment
Mrs. Sneha Sharma has been appointed as Additional Director in the category of Non-Executive Independent Woman Director for a first term of five consecutive years. Her appointment is subject to shareholder approval in the upcoming General Meeting through postal ballot.
Director Profile and Qualifications
Mrs. Sneha Sharma brings over 10 years of professional experience in Company Law Advisory Services to her new role. The company has verified that she is not related to any existing directors under section 2(77) of the Companies Act, 2013, and is not debarred from holding directorship by SEBI or any statutory authority.
Regulatory Compliance
The board approved a Postal Ballot Notice to obtain shareholder approval for Mrs. Sneha Sharma's appointment. All disclosures have been made in accordance with Regulation 30 of SEBI (LODR) Regulations, 2015, and relevant SEBI circulars including SEBI/HO/CFD/CFDPoD-1/P/CIR/2023/123 dated July 13, 2023.
The company continues to maintain its commitment to regulatory compliance and corporate governance standards through these structured board changes and transparent disclosure processes.
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