Padmanabh Industries Limited, a Gujarat-based company, has reported a net loss of Rs. 2.05 lacs for the quarter ended June 30, 2025, marking a significant shift from the profit of Rs. 6.96 lacs recorded in the previous quarter. The company's board of directors convened on August 12, 2025, to approve these unaudited financial results and make several key organizational changes.

Financial Performance

The company's financial results for the quarter ending June 30, 2025, reveal a challenging period:

The total income for the quarter stood at Rs. 1.61 lacs, a substantial decrease from Rs. 11.38 lacs in the preceding quarter. Total expenses also saw a reduction, coming in at Rs. 3.66 lacs compared to Rs. 4.87 lacs in the previous quarter.

Leadership Changes

In addition to the financial results, Padmanabh Industries announced significant changes to its leadership team:

New CFO Appointment

Mr. Umesh Pravinbhai Parghi has been appointed as the Chief Financial Officer, effective August 13, 2025. Mr. Parghi brings experience in financial matters and day-to-day accounting activities from his previous role as a manager in a reputed organization.

Director Resignations

• Ms. Shvetalben Sagarbhai Dataniya has resigned from her position as Director, effective August 13, 2025.
• Mr. Jaydeep Bakul Shah has stepped down from his role as Independent Director, effective August 12, 2025, after working hours.

Board Meeting Outcomes

The board meeting, which lasted from 5:00 PM to 6:10 PM on August 12, 2025, resulted in several key decisions:

1. Approval of the unaudited financial results for the quarter ended June 30, 2025.
2. Appointment of the new CFO.
3. Acceptance of the resignations of two directors.
4. Reconstitution of various committees within the company.

Auditor's Review

S K Bhavsar & Co., the company's statutory auditors, conducted a limited review of the financial results. They highlighted that comprehensive verification of trade receivables, trade payables, and loans and advances is pending. The auditors also noted that reliable values and supporting documents for investments were not presented, relying on management representations for these aspects.

Despite these observations, the auditors concluded that nothing has come to their attention that causes them to believe that the financial results do not comply with applicable accounting standards and disclosure requirements.

Padmanabh Industries Limited continues to navigate through a challenging financial period while implementing significant changes in its leadership structure.

Padmanabh Industries Limited has announced significant changes to its leadership team, effective July 23, 2025. The company's board of directors made these decisions during a meeting held on July 22, 2025, which lasted for 45 minutes.

New Managing Director Appointed

Mr. Dhairya Bharatbhai Shah has been appointed as the new Managing Director of Padmanabh Industries for a five-year term. Shah, who holds a commerce degree, brings valuable experience in marketing to his new role. He is expected to lead the company's daily operations and strategic initiatives.

Resignation of Former Managing Director and CFO

The appointment comes following the resignation of Mr. Santoshkumar Hardwari from his positions as Managing Director and Chief Financial Officer. Hardwari's departure marks a significant transition in the company's top management.

Addition to the Board

In addition to the change in executive leadership, the board has appointed Ms. Manali Rajeshbhai Patel as a Non-Executive Additional Director. Patel, also a commerce graduate, brings over three years of accounting expertise to the board. Her knowledge in finance and accounting is expected to contribute to the company's financial oversight and strategic planning.

Key Points About the New Appointments

• Both Shah and Patel have no prior relationships with existing board members, ensuring fresh perspectives in the company's leadership.
• Neither of the new appointees holds directorships in other listed companies, allowing them to focus solely on Padmanabh Industries' affairs.
• The appointments are part of the company's efforts to strengthen its leadership team and bring in diverse expertise.

These changes in Padmanabh Industries' leadership structure signal a new chapter for the company. Shareholders and market observers will be keen to see how these appointments influence the company's direction and performance in the coming years.

The company has duly informed the BSE Ltd about these changes, in compliance with Regulation 30 of SEBI (LODR) Regulations, 2015.