Photoquip India Limited announced its unaudited financial results for the third quarter ended December 31, 2025, demonstrating a return to profitability despite facing revenue headwinds. The company's board of directors approved these results during their meeting held on February 13, 2026.

Quarterly Financial Performance

The company's Q3FY26 performance showed mixed results with a notable improvement in profitability metrics despite revenue challenges.

The company achieved a net profit of ₹0.58 lakhs in Q3FY26 compared to a loss of ₹2.52 lakhs in the corresponding quarter of the previous year, marking a significant turnaround in profitability. This improvement came despite total income declining by 3.82% to ₹392.34 lakhs from ₹407.92 lakhs year-on-year.

Expense Management and Operational Efficiency

Photoquip India's expense management played a crucial role in achieving profitability during the quarter.

Total expenses decreased by 1.59% to ₹395.23 lakhs, helping offset the revenue decline. The company benefited from a favorable inventory movement with a decrease of ₹69.31 lakhs compared to an increase of ₹27.21 lakhs in the previous year.

Nine-Month Performance Analysis

The company's nine-month performance for the period ended December 31, 2025, showed contrasting trends compared to the quarterly results.

The nine-month performance revealed significant challenges with income from operations declining by 23.24% and net profit falling by 67.96% compared to the corresponding period in the previous year.

Tax Position and Other Comprehensive Income

Photoquip India recorded a deferred tax benefit of ₹3.47 lakhs in Q3FY26 compared to a deferred tax expense of ₹8.84 lakhs in Q3FY25. The company maintained no current tax liability during the quarter. Other comprehensive income remained minimal with a slight loss of ₹0.01 lakhs, resulting in total comprehensive income of ₹0.58 lakhs for the quarter.

Corporate Governance and Compliance

The financial results were reviewed by the audit committee and approved by the board of directors. The company's statutory auditors, F P & Associates, provided a limited review report confirming compliance with applicable accounting standards and listing regulations. The paid-up equity share capital remained stable at ₹600.08 lakhs with a face value of ₹10 per share.

Photoquip (India) Limited has announced a significant board appointment, naming Chaitali S Oza as an Additional Director in the Non-Executive Non-Independent category. The appointment represents a strategic addition to the company's governance structure as it continues to strengthen its board composition.

Board Appointment Details

The appointment of Chaitali S Oza (DIN: 10956654) comes following a recommendation from the Nomination and Remuneration Committee. The board has approved her appointment for a substantial tenure, reflecting confidence in her potential contribution to the company's strategic direction.

Regulatory Compliance and Confirmations

The company has fulfilled all regulatory disclosure requirements under Regulation 30 of SEBI (Listing Obligation and Disclosure Requirements) Regulations, 2015. As mandated by BSE Circular No. List/Comp/14/2018-19 dated June 20, 2018, Photoquip India has confirmed that Chaitali S Oza is not debarred from holding the office of director by virtue of any order of SEBI or any other authority.

The appointment also meets the independence criteria, with the company confirming that Chaitali S Oza is not related to any existing directors of the company as defined under Section 2(77) of the Companies Act, 2013.

Director Profile and Qualifications

Chaitali S Oza brings a fresh perspective to the board with her solid academic foundation, having completed her Intermediate education. Her profile highlights several key attributes that align with the company's governance objectives:

• Interpersonal Skills: Demonstrated exceptional ability to work with diverse stakeholders
• Adaptability: Strong capacity to adjust to changing business environments
• Problem-solving Approach: Reliable and objective thinking in decision-making processes
• Corporate Governance Focus: Commitment to transparency, integrity, and ethical standards

Strategic Implications

The appointment of Chaitali S Oza as a Non-Executive Non-Independent Director is expected to enhance the board's strategic capabilities. Her fresh approach and enthusiasm for corporate governance are positioned to contribute to strategy formation, compliance oversight, and maintenance of high ethical standards within the organization.

The 5-year term provides stability and continuity for long-term strategic planning, while her independent viewpoint is expected to add value to board discussions and decision-making processes. The appointment is subject to final approval from shareholders and other applicable regulatory approvals.