Agarwal Fortune India Limited (formerly known as Devki Leasing and Finance Limited) has announced the appointment of Mr. Aryan Khunteta as its new Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective September 8, 2025.

The appointment was approved by the company's Board of Directors based on recommendations from the Nomination and Remuneration Committee and Audit Committee. Mr. Khunteta will be responsible for managing the compliance of all financial matters and other duties assigned by the Board.

Professional Background

Mr. Khunteta brings valuable experience to his new role at Agarwal Fortune India Limited. He is a semi-qualified Certified Management Accountant (CMA) and holds a Bachelor's Degree in Commerce. His professional expertise includes:

• Strategic financial planning
• Reporting compliance
• Inventory management
• Supporting overall business strategy

Company Update

The appointment comes as Agarwal Fortune India Limited aims to strengthen its financial leadership. The company, which is engaged in trading various types of glasses and mirrors, as well as providing technical consultancy and advisory services related to industrial glasses, has been working to improve its financial performance.

For the financial year ended March 31, 2025, Agarwal Fortune India Limited reported:

The addition of Mr. Khunteta to the executive team is expected to support the company's efforts in financial management and strategic growth initiatives.

Agarwal Fortune India Limited's registered office is located in Jaipur, Rajasthan.

Agarwal Fortune , a company primarily engaged in trading glasses and allied activities, has reported a significant increase in revenue and profit for the first quarter. The company's financial performance shows strong growth compared to the same period last year.

Financial Highlights

• Revenue Growth: Agarwal Fortune's revenue from operations surged to Rs 214.46 crore, marking an impressive 87% increase from Rs 114.48 crore in the corresponding quarter of the previous year.
• Profit Increase: The company's profit for the quarter rose to Rs 3.20 crore, up from Rs 2.43 crore in the corresponding period of the previous year, representing a 32% growth.
• Total Income: Total income reached Rs 214.51 crore, compared to Rs 117.43 crore year-over-year, showing an 83% increase.
• Earnings Per Share: The earnings per share (EPS) improved to Rs 0.09 for both basic and diluted calculations, up from Rs 0.07 in the same quarter last year.

Key Financial Data

Business Segment and Operations

Agarwal Fortune operates primarily in the trading of glasses and allied activities, which is reported as a single business segment. The company's focus on this sector has contributed to its strong performance in the quarter.

Board Meeting and Approvals

The Board of Directors of Agarwal Fortune met on August 13 and approved the unaudited financial results for the first quarter. The meeting, which commenced at 02:00 P.M. and concluded at 03:00 P.M., also addressed other important business matters:

1. Statutory Auditor Appointment: The Board approved the appointment of M/S Jethani and Associates, Chartered Accountants, as Statutory Auditors for the upcoming Financial Year, subject to shareholder approval at the upcoming Annual General Meeting.

2. Secretarial Auditor Appointment: M/s SKMG & CO., Practising Company Secretaries, were appointed as Secretarial Auditors for a term of five consecutive years, pending shareholder approval.

3. Internal Auditor Re-appointment: M/s ASAR & ASSOCIATES were re-appointed as the Internal Auditor for the upcoming Financial Year.

These appointments and the company's financial results underscore Agarwal Fortune's commitment to maintaining strong corporate governance and financial transparency while pursuing growth in its core business activities.

The significant revenue growth and improved profitability reflect positively on the company's business strategies and market position in the glasses trading sector. As Agarwal Fortune continues to focus on its core operations, investors and stakeholders will be watching closely to see if this growth trajectory can be maintained in the coming quarters.