Indo Rama Synthetics , a prominent player in the synthetic textiles industry, has reported a significant turnaround in its financial performance for the quarter, marking a substantial improvement from the previous year.

Financial Highlights

• Net Profit: The company posted a consolidated net profit of ₹528.00 crore, a remarkable recovery from a loss of ₹191.80 crore in the same period last year.
• Revenue: Indo Rama Synthetics witnessed substantial growth in revenue, which increased to ₹1,310.00 crore from ₹944.00 crore year-over-year, representing a 38.77% jump.
• EBITDA: The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a significant boost, rising to ₹970.00 crore from ₹293.00 crore in the previous year.
• EBITDA Margin: The EBITDA margin improved considerably, reaching 74.05% compared to 31.04% in the same quarter last year.

Performance Analysis

The strong financial results demonstrate Indo Rama Synthetics' ability to navigate challenges and capitalize on market opportunities. The company's strategic initiatives and operational efficiency have likely contributed to this impressive turnaround.

The substantial increase in revenue indicates a robust demand for the company's products and potentially an expansion of its market share. The significant improvement in EBITDA and EBITDA margin suggests enhanced operational efficiency and better cost management.

Tabular Overview

This remarkable turnaround in Indo Rama Synthetics' financial performance reflects positively on the company's strategies and the overall health of the synthetic textiles sector.

Indo Rama Synthetics (India) Limited , a prominent player in the synthetic textiles industry, has initiated a postal ballot process to seek shareholder approval for two significant board-level appointments. The company dispatched postal ballot notices on July 21, 2025, outlining special resolutions that could shape its leadership structure.

Appointment of New Independent Director

The first resolution proposes the appointment of Ms. Neeru Abrol as an Independent Director. Ms. Abrol, a chartered accountant with over four decades of professional experience, brings a wealth of expertise to the board. Her illustrious career includes 26 years at Steel Authority of India Limited and leadership roles at National Fertilizers Limited, where she served as Chairperson and Managing Director.

Ms. Abrol's extensive board experience spans across various sectors, including banking, venture capital, infrastructure, and manufacturing. Her current board positions include directorships at APL Apollo Tubes Limited, Apollo Pipes Limited, and SMC Global Securities Limited, among others.

Continuation of Non-Executive Independent Director

The second resolution seeks approval for the continuation of Mr. Dharmpal Agarwal as a Non-Executive Independent Director after he attains the age of 75 years on August 24, 2025. Mr. Agarwal, who has been associated with the transport industry for over 55 years, is currently the Chairman and Managing Director of Transport Corporation of India Limited.

Voting Process and Timeline

The company has opted for a remote e-voting process for this postal ballot. Key dates for shareholders to note include:

• Cut-off date for eligible voting members: July 18, 2025
• Remote e-voting period: July 22, 2025 (9:00 AM IST) to August 20, 2025 (5:00 PM IST)
• Results declaration: On or before August 22, 2025

CS Jaya Yadav has been appointed as the scrutinizer to oversee the postal ballot process.

Implications for Corporate Governance

These proposed appointments reflect Indo Rama Synthetics' commitment to maintaining a diverse and experienced board. Ms. Abrol's financial acumen and Mr. Agarwal's industry experience could potentially enhance the company's strategic decision-making capabilities.

Shareholders are encouraged to participate in the voting process to have their say in these important corporate governance matters. The results of the postal ballot will be announced at the company's corporate office in Gurugram and will be communicated to the stock exchanges where Indo Rama Synthetics' shares are listed.

As the synthetic textiles industry continues to evolve, these board-level changes could play a crucial role in shaping Indo Rama Synthetics' future direction and performance.