ABC India , a company known for its 'Moving made simple' motto, has announced significant changes in its financial leadership and disclosure procedures.

New CFO Authorization

ABC India Limited has authorized Mr. Satyaki Bhattacharya, Chief Financial Officer, as an additional Key Managerial Personnel to determine materiality of events or information for disclosure to stock exchanges. This authorization is in addition to the existing Company Secretary & Compliance Officer Mr. Sanjay Agarwal and Executive Director Mr. Ashish Agarwal.

Joint Decision-Making Process

Any two of these three personnel can now act jointly to determine materiality for stock exchange disclosures. Additionally, they are also authorized individually to make disclosures under listing regulations.

Previous Leadership Changes

Prior to this new authorization, ABC India had undergone a transition in its financial leadership:

• Mr. Sanjay Agarwal, the previous Chief Financial Officer, stepped down from his position due to personal reasons.
• Mr. Satyaki Bhattacharya was appointed as the new Chief Financial Officer.

Satyaki Bhattacharya's Profile

Mr. Bhattacharya brings significant experience to his role:

• Over 18 years of experience in finance
• Bachelor's degree in Commerce with a major in Accounts from KC DHS Commerce College (Guwahati University)
• MBA in Finance from NERIM (Dibrugarh University)
• Specialized expertise in operational finance, bank and financial institution borrowings, credit rating, and project financing

Corporate Governance

These changes reflect ABC India's commitment to maintaining strong financial oversight, strategic planning, and compliance with regulatory requirements. The company continues to adapt its leadership structure to navigate complex economic landscapes effectively.

ABC India Limited, a company operating in the freight services and petrol pump segments, has reported a significant decline in its financial performance for the quarter ended June 30, 2025. The company's Board of Directors approved the unaudited financial results in a meeting held on August 13, 2025.

Financial Performance

The company's net profit for the quarter plummeted to ₹1.60 lakhs, a stark contrast to the ₹117.28 lakhs reported in the same quarter of the previous year. This represents a year-on-year decline of approximately 98.6%.

Revenue from operations also saw a decrease, falling to ₹3,787.59 lakhs from ₹4,245.36 lakhs in the corresponding quarter of the previous year, marking a decline of about 10.8%.

Segment-wise Performance

ABC India operates in two primary segments:

1. Freight & Services: This segment generated revenue of ₹2,084.15 lakhs.
2. Petrol Pump: This segment contributed ₹1,703.40 lakhs to the total revenue.

Key Financial Metrics

The company's total income, including other income, stood at ₹3,837.62 lakhs for the quarter, compared to ₹4,258.97 lakhs in the same period last year.

Annual General Meeting and Dividend

The Board has scheduled the Annual General Meeting (AGM) for September 19, 2025. The company has fixed September 12, 2025, as the cut-off date for e-voting, dividend payment, and AGM participation. The Register of Members and Share Transfer books will remain closed from September 13 to September 19, 2025.

Auditor's Review

The financial results for the quarter ended June 30, 2025, have undergone a Limited Review by the company's statutory auditors. The auditors have expressed an unmodified opinion on the results, indicating that they found no significant issues or discrepancies in the financial statements.

ABC India Limited's performance this quarter reflects the challenges faced by the logistics and fuel retail sectors. Investors and stakeholders will be keenly watching the company's strategies to improve its financial position in the coming quarters.