Birla Precision Technologies Limited announced the resignation of Pankaj Kumar from his position as Chief Financial Officer (CFO) and Key Managerial Personnel, effective August 2, 2025. The company disclosed this information in a regulatory filing to the Bombay Stock Exchange (BSE) on the same day.

Resignation Details

Kumar cited personal reasons for his decision to step down from his role. In his resignation letter addressed to the Board of Directors, he expressed gratitude for the opportunities provided to contribute to the organization's growth and acknowledged the trust placed in him by the Board and management.

Company's Statement

Ravinder Chander Prem, Managing Director of Birla Precision Technologies, signed the regulatory filing, which stated, "Mr. Pankaj Kumar, Chief Financial Officer & Key Managerial Personnel of the Company has tendered his resignation." The company has complied with the disclosure requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Other Board Meeting Outcomes

In the same Board meeting held on August 2, 2025, Birla Precision Technologies also addressed other significant matters:

1. The Board approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2025, along with the Limited Review Report issued by the Statutory Auditors.

2. Approval was granted for shifting the Registered Office of the Company from its current location in Mumbai to "Dalamal House, First Floor, JB Marg, Nariman Point, Mumbai, Maharashtra, India 400021."

Financial Highlights

The company's financial results for the quarter ended June 30, 2025, showed:

The Board meeting, which commenced at 12:30 p.m., concluded at 4:17 p.m. on August 2, 2025.

As Birla Precision Technologies navigates this transition in its financial leadership, stakeholders will be keen to observe how the company manages its financial strategies and reporting in the coming quarters.

Birla Precision Technologies Limited has announced robust financial results for the first quarter, alongside a strategic decision to relocate its registered office.

Financial Highlights

The company reported significant growth in both standalone and consolidated financials for Q1:

Birla Precision Technologies witnessed a substantial increase in its standalone revenue from operations, which rose to Rs 681.80 crore, up from Rs 463.97 crore in the same quarter last year, marking a 47% year-on-year growth. The company's standalone profit for the quarter surged to Rs 2.71 crore, compared to Rs 0.33 crore in the previous year's quarter, representing an impressive 721.2% increase.

On a consolidated basis, the company's performance was equally strong. Revenue from operations stood at Rs 596.25 crore, up from Rs 469.43 crore in the corresponding quarter, showing a 27% year-on-year growth. Consolidated profit rose significantly to Rs 2.68 crore, compared to Rs 0.68 crore in the same period last year, marking a 294.1% increase.

Segment Performance

The company operates in two main segments:

1. Tooling: This segment remained the larger contributor, generating Rs 573.47 crore in standalone revenue for the quarter.
2. Automotive Components: This segment contributed to the overall revenue growth as well.

Office Relocation

In a strategic move, the Board of Directors has approved shifting the company's registered office. The new location will be:

• From: 23, Birla Mansion No. 2, 1st Floor, D. D. Sathe Marg, Prarthana Samaj, Mumbai City, Mumbai, Maharashtra, India, 400004
• To: Dalamal House, First Floor, JB Marg, Nariman Point, Mumbai, Maharashtra, India 400021

This relocation to the prime business district of Nariman Point could potentially enhance the company's corporate image and operational efficiency.

Management Commentary

Ravinder Chander Prem, Managing Director of Birla Precision Technologies Limited, stated, "We are pleased with our strong performance in Q1. The significant growth in both revenue and profit reflects the robust demand for our products and our operational efficiency. The decision to relocate our registered office aligns with our strategic vision for the company's future."

The company's board meeting, which approved these results and the office relocation, was held on August 2, commencing at 12:30 p.m. and concluding at 4:17 p.m.

Birla Precision Technologies Limited continues to demonstrate its strength in the tooling and automotive components sectors, with these Q1 results indicating a positive trajectory for the fiscal year ahead.