Adline Chem Lab Announces Board Reshuffle and Q2 Financial Results

Adline Chem Lab Limited has announced significant changes to its board of directors along with its financial results for the quarter and half-year ended September 30, 2025. The company disclosed these developments in a regulatory filing following a board meeting held on November 12, 2025.

Leadership Changes

The company reported major shifts in its top management:

• Sarang Bharatbhai Pathak has resigned from his position as Executive Director-Chairman (Managing Director), effective from the close of business on November 12, 2025.
• Hemant Amrish Parikh has stepped down as Non-Executive Promoter Director, also effective from November 12, 2025.
• Vrushank Patel has been appointed as the new Chairman of the Board, effective immediately.

Both Pathak and Parikh cited personal reasons and other pre-occupations for their resignations. The company confirmed that there were no material reasons for their departures other than those mentioned in their resignation letters.

Board Committee Restructuring

Following these changes, Adline Chem Lab has restructured its board committees:

1. Audit Committee:

   • Dhawal Akhilesh Deopura (Chairman, Non-Executive, Independent Director)
   • Shivani Pathak (Member, Non-Executive, Independent Director)
   • Vrushank Balkrushna Patel (Member, Executive Director, Promoter)

2. Nomination Remuneration and Compensation Committee:

   • Shivani Pathak (Chairman, Non-Executive, Independent Director)
   • Dhawal Akhilesh Deopura (Member, Non-Executive, Independent Director)
   • Him Vyas (Member, Non-Executive, Independent Director)

3. Stakeholders Relationship Committee:

   • Dhawal Akhilesh Deopura (Chairman, Non-Executive, Independent Director)
   • Shivani Pathak (Member, Non-Executive, Independent Director)
   • Vrushank Balkrushna Patel (Member, Executive Director, Promoter)

Financial Results

The board of directors approved the unaudited standalone financial results for the quarter and half-year ended September 30, 2025. Key financial highlights include:

The company's statutory auditors, Jain Kedia & Sharma, Chartered Accountants, have conducted a limited review of these financial results. In their report, they stated that nothing has come to their attention that causes them to believe that the financial statements have not been prepared in accordance with applicable accounting standards and other recognized accounting practices and policies.

Additional Notes

• The board meeting commenced at 05:45 p.m. and concluded at 06:05 p.m. on November 12, 2025.
• Vrushank Patel has been authorized to handle necessary documentation and approvals for the smooth functioning of the company's management.
• The company has taken note of SEBI Circular No. SEBI/HO/MIRSD/MIRSD-PoD-1/P/CIR/2025/97 dated July 2, 2025, regarding the re-lodgement of transfer requests for physical shares.

Investors and stakeholders are advised to consider these changes and financial results in their assessment of the company's future prospects.