Amraworld Agrico Limited announced significant changes to its leadership team following a board meeting held on August 19, 2025. The company's board has approved the appointment of Steven Hines as Whole-time Director and Chief Financial Officer, while also accepting the resignation of Kelash Bunkar from his position as Non-Executive Director.

New Leadership Appointment

Mr. Steven Hines, 27, has been appointed as the new Whole-time Director and Chief Financial Officer of Amraworld Agrico Limited, effective August 19, 2025. This appointment is subject to shareholder approval at the upcoming Annual General Meeting. Hines brings three years of experience in the field of accounts and finance to his new role.

Key details of the appointment:

Board Member Resignation

Simultaneously, the board accepted the resignation of Mr. Kelash Bunkar from his position as Non-Executive Director, effective August 19, 2025. Bunkar cited personal commitments and pre-occupation with other work as the reasons for his departure.

Details of the resignation:

Board Meeting Details

The board meeting where these decisions were made took place on August 19, 2025, at the company's registered office. The meeting lasted for 30 minutes, commencing at 6:15 PM and concluding at 6:45 PM.

Amraworld Agrico Limited, with its registered office in Ahmedabad, Gujarat, operates under the CIN: L01110GJ1991PLC015846. The company has duly informed the BSE Limited of these changes in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

These leadership changes mark a significant transition for Amraworld Agrico Limited as it moves forward with a new CFO at the helm of its financial operations.

Amraworld Agrico Limited, a company listed on the Bombay Stock Exchange (BSE: 531991), has released its unaudited financial results for the first quarter. The company faced significant challenges during the quarter, reporting a net loss and zero revenue.

Financial Performance

The company reported a net loss of Rs. 5.48 lacs for the quarter, a stark contrast to the profit of Rs. 273.64 lacs recorded in the same quarter of the previous year. This represents a considerable downturn in the company's financial performance.

Key financial highlights for the quarter:

Revenue and Expenses

Amraworld Agrico reported no revenue for the quarter, compared to Rs. 279.80 lacs in the corresponding quarter last year. This complete absence of income is a significant concern for the company.

Despite the lack of revenue, the company incurred total expenses of Rs. 5.48 lacs. These expenses primarily comprised:

• Employee benefit expenses: Rs. 0.81 lacs
• Other expenses: Rs. 4.67 lacs

Capital Structure

The company's paid-up equity share capital remained unchanged at Rs. 1,203.00 lacs, with a face value of Rs. 1 per share.

Board Meeting and Audit Review

The Board of Directors of Amraworld Agrico Limited approved these results in their meeting held on July 24. The meeting commenced at 04:45 PM and concluded at 05:15 PM.

The financial results have been reviewed by the Audit Committee and have undergone a limited review by the company's statutory auditors, BIPIN & CO. Chartered Accountants.

Outlook

The significant drop in revenue and the resulting net loss pose serious challenges for Amraworld Agrico Limited. Stakeholders will be keenly watching the company's future performance and any strategic initiatives it may undertake to address these financial difficulties.

Investors and analysts may seek further clarification from the company management regarding the reasons for the zero revenue and the plans to improve financial performance in the coming quarters.