Calcom Vision Limited , a company listed on the Bombay Stock Exchange (BSE: 517236), has announced the reappointment of two key directors for their second terms, subject to shareholder approval at the upcoming Annual General Meeting.

Board Approves Reappointments

The Board of Directors of Calcom Vision Limited has approved the following reappointments:

1. Ms. Parvathy Venkatesh (DIN: 00414603) - Reappointed as an Independent Director for a five-year term from May 28, 2026, to May 27, 2031.
2. Mr. Abhishek Malik (DIN: 00085220) - Reappointed as a Whole Time Director for a five-year term from February 01, 2026, to January 31, 2031.

Ms. Parvathy Venkatesh: Independent Director

Ms. Parvathy Venkatesh brings a wealth of experience to her role as an Independent Director:

• Holds B.Com (Hons) degree
• Fellow Cost and Management Accountant (FCMA) in India and USA
• Partner at Ramanath Iyer & Co., Cost Accountants
• 25 years of professional experience across various industries
• Expertise in cost audits, consulting, internal audit, and system implementation
• Industries of expertise include textile, cement, automobiles, and consumer electronics

The Board has confirmed that Ms. Venkatesh is not debarred from holding the office of a Director by any order passed by SEBI or any other authority. She is not related to any existing Directors, Key Managerial Personnel, or Promoters of the company, ensuring her independence in the role.

Mr. Abhishek Malik: Whole Time Director

Mr. Abhishek Malik, set to continue his role as a Whole Time Director, brings a strong educational background and industry experience:

• Graduate from the University of Macquarie, Australia
• Post-graduate degree from IE Business School, Madrid
• 15 years of experience in consulting, manufacturing, and service industries

It's worth noting that Mr. Malik is part of the promoter family, being the son of director Mr. S K Malik. This familial connection provides continuity in the company's leadership while leveraging his extensive experience.

Regulatory Compliance

These reappointments are in line with regulatory requirements, as confirmed by Rakhi Sharma, the Company Secretary & Compliance Officer. The company has made the necessary disclosures in accordance with SEBI regulations, including the SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

The reappointments of both Ms. Venkatesh and Mr. Malik are subject to shareholder approval at the forthcoming Annual General Meeting. This move by Calcom Vision Limited appears to be aimed at maintaining stability in its leadership while ensuring compliance with corporate governance norms.

Calcom Vision Limited , a prominent player in the lighting industry, has reported exceptional financial results for the first quarter, setting the stage for an ambitious growth trajectory.

Record-Breaking Q1 Performance

The company achieved its highest-ever Q1 revenue of Rs. 45.07 crores, marking a substantial 36.20% increase from Rs. 33.08 crores in the same quarter last year. This impressive growth underscores Calcom Vision's strong market position and effective business strategies.

Profitability Turnaround

In a significant turnaround, Calcom Vision reported a profit after tax (PAT) of Rs. 0.70 crores for Q1, compared to a loss of Rs. 1.81 crores in the same period last year. The company's EBITDA stood at Rs. 4.01 crores, with a healthy margin of 8.90%, indicating improved operational efficiency.

Ambitious Growth Targets

Calcom Vision has set an ambitious revenue target of Rs. 257.00 crores, which would represent a remarkable 60.60% year-on-year growth. This target aligns with the company's impressive compound annual growth rate (CAGR) of 30.06% over the past seven years, significantly outperforming industry trends.

Strategic Initiatives

To achieve its growth objectives, Calcom Vision is implementing several key strategic initiatives:

1. Export Expansion: The company has formed a new export subsidiary, Calcom Astra Private Limited, to target markets in the USA and Europe. This move is expected to boost the company's global presence and revenue streams.

2. Product Diversification: Calcom Vision is diversifying its product portfolio beyond LED bulbs. The company plans to focus more on professional and industrial lighting products, including solar lights, street lights, and industrial lights.

3. Shifting Revenue Mix: The company's revenue mix is evolving from a 65% concentration on LED bulbs to a more diversified portfolio. This strategy aims to capitalize on emerging opportunities in various lighting segments.

Leadership for Growth

To spearhead its export initiatives, Calcom Vision has appointed Mr. Rajat Behal as the COO of Calcom Astra Private Limited. With over 25 years of experience in the electronics and lighting industry, Mr. Behal brings valuable expertise to drive the company's global expansion efforts.

Future Outlook

With its strong Q1 performance, strategic initiatives, and ambitious targets, Calcom Vision appears well-positioned for continued growth in the dynamic lighting industry. The company's focus on diversification and export expansion could potentially open new avenues for sustainable long-term growth.

Investors and industry observers will be keenly watching Calcom Vision's progress as it strives to achieve its ambitious revenue target and further solidify its position in the lighting market.