Adline Chem Lab Limited has announced its unaudited standalone financial results for the quarter ended December 31, 2025, alongside the appointment of Mr. Vrushank Balkrushna Patel as Chairman and Managing Director. The board of directors approved both developments during their meeting held on February 10, 2026.

Q3FY26 Financial Performance

The company reported a net loss of ₹6.46 lakhs for the quarter ended December 31, 2025, compared to a loss of ₹12.26 lakhs in the corresponding quarter of the previous year. The company recorded zero revenue from operations during the quarter.

For the nine-month period ended December 31, 2025, the company's net loss stood at ₹18.85 lakhs, showing improvement from ₹34.16 lakhs loss in the corresponding period of the previous year.

Expense Breakdown

The company's total expenses for Q3FY26 decreased to ₹7.24 lakhs from ₹13.14 lakhs in Q3FY25. The major expense components included:

Leadership Appointment

The board approved the appointment of Mr. Vrushank Balkrushna Patel as Chairman and Managing Director for a period of five years, effective February 10, 2026. This appointment follows the resignation of Mr. Sarang Pathak from his directorship position and is subject to shareholder approval.

Mr. Patel is an undergraduate who studied till the 4th year of Civil Engineering from South Gujarat University. He has been actively involved in Green Energy Generation, Real Estate Business, and Import & Trading of Natural Resources since 2013.

Regulatory Compliance

The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) and reviewed by the company's statutory auditors, Jain Kedia & Sharma Chartered Accountants. The audit committee recommended the results for adoption, which were subsequently approved by the board of directors. The company maintains a paid-up equity share capital of ₹585.00 lakhs with shares having a face value of ₹10 each.

Adline Chem Lab Limited has provided additional details regarding its Chief Financial Officer resignation in a fresh corporate announcement dated December 30, 2025. This follows the company's earlier significant board restructuring and financial results disclosure from November 2025.

CFO Resignation Details

The company has submitted supplementary information regarding the resignation of Mr. Kuldip Ashokkumar Parekh from his position as Chief Financial Officer. The resignation details are as follows:

This announcement serves as additional information to the company's earlier corporate announcement dated June 13, 2025, regarding the outcome of the board meeting held on the same date. The board had duly accepted Mr. Parekh's resignation during that meeting.

Previous Leadership Changes

The company has undergone significant management changes in recent months. In November 2025, Adline Chem Lab announced major shifts in its top management:

• Sarang Bharatbhai Pathak resigned from his position as Executive Director-Chairman (Managing Director)
• Hemant Amrish Parikh stepped down as Non-Executive Promoter Director
• Vrushank Patel was appointed as the new Chairman of the Board

Board Committee Restructuring

Following the leadership changes, the company restructured its board committees with new compositions for the Audit Committee, Nomination Remuneration and Compensation Committee, and Stakeholders Relationship Committee, all featuring appropriate independent director representation.

Recent Financial Performance

The company's latest financial results for the quarter and half-year ended September 30, 2025, showed:

Regulatory Compliance

The fresh corporate announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The document was digitally signed by Vrushank B. Patel, Director (DIN: 05310613), ensuring proper regulatory compliance and transparency for stakeholders.