Choksi Asia Limited's Board of Directors approved key strategic decisions during their meeting held on January 9, 2026, focusing on operational restructuring and enhanced financial capabilities. The board session, which commenced at 10:30 AM and concluded at 11:30 AM, addressed critical corporate governance matters requiring shareholder and regulatory approvals.

Registered Office Relocation Initiative

The board sanctioned a significant operational shift by approving the relocation of the company's registered office from its current Mumbai location to Dadra and Nagar Haveli. The proposed transition involves moving from 163-164, Choksi Bhuvan, Nehru Road, Vile Parle East, Mumbai 400068 to Survey No. 121, Plot No 10, Silvassa Industrial Estate, 66 KVA Road, Amli, Silvassa, Dadra & Nagar Haveli, 396230.

This relocation necessitates consequent alterations to the company's Memorandum of Association, specifically substituting the existing clause II to reflect the new registered office location in the Union Territory of Dadra and Nagar Haveli. The implementation requires approvals from shareholders, Registrar of Companies, Regional Director (Central Government), and other requisite regulatory authorities.

Enhanced Financial Authorization Limits

The board approved expanding the company's financial operational capacity by authorizing loan provisions, guarantees, security arrangements, and investments up to ₹60 crores. This authorization exceeds the limits specified under Section 186 of the Companies Act, 2013, thereby requiring shareholder approval for implementation.

Compliance Matter Resolution

The board addressed a recent regulatory compliance issue involving delayed submission of related party transaction disclosures. BSE Limited imposed a fine of ₹5,900, including applicable taxes, under SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, for the one-day delay in submitting related party transactions for the half-year ended September 2025.

The company settled this penalty on December 18, 2025. The board formally acknowledged this matter and issued specific instructions to the Company Secretary and Finance team to implement measures preventing future compliance delays.

Corporate Structure and Operations

Choksi Asia Limited, formerly known as Choksi Imaging Limited, maintains operational presence across multiple locations including Mumbai, Delhi, Chennai, and Silvassa through its branch office network. The company's manufacturing facility is located in Silvassa, which aligns strategically with the proposed registered office relocation to the same region.

The board's decisions reflect the company's strategic focus on operational consolidation and enhanced financial flexibility to support business growth initiatives. All approved matters require subsequent shareholder ratification and regulatory clearances before implementation.

Choksi Asia Limited , a key player in the Non-Destructive Testing Industry, has announced its unaudited financial results for the quarter and six months ended September 30, 2025, showcasing significant growth and improved profitability.

Financial Highlights

The company reported a substantial increase in its net profit after tax for the quarter, reaching ₹107.43 crore compared to ₹65.02 crore in the same quarter of the previous year, marking a year-on-year growth of approximately 65%. For the six-month period, net profit rose to ₹242.07 crore from ₹216.31 crore in the corresponding period last year, indicating a steady upward trajectory in the company's financial performance.

Revenue and Profitability

Choksi Asia Limited's revenue from operations for Q2 FY2026 stood at ₹1,329.23 crore, a significant increase from ₹841.98 crore in Q2 FY2025. This robust growth in revenue has been accompanied by improved profitability margins.

Operational Performance

The company's operational efficiency is evident from its ability to manage expenses effectively while scaling up operations. Total expenses for Q2 FY2026 were ₹1,190.90 crore, compared to ₹762.49 crore in the same quarter last year, reflecting the increased scale of operations.

Balance Sheet Strength

As of September 30, 2025, Choksi Asia Limited reported a robust balance sheet with total assets of ₹4,691.56 crore. The company's financial position remains strong with a healthy mix of equity and liabilities.

Cash Flow and Liquidity

The company maintained a strong liquidity position with cash and cash equivalents of ₹812.16 crore at the end of the half-year. This includes ₹603.03 crore in fixed deposits, indicating a conservative approach to cash management.

Management Commentary

Jay Choksi, Whole time Director & CFO, stated, "Our Q2 results reflect the company's strong market position and operational efficiency. The significant growth in revenue and profitability underscores our ability to capitalize on market opportunities while maintaining cost discipline."

Future Outlook

While the company has not provided specific forward-looking statements, the consistent growth in revenue and profitability suggests a positive outlook. Choksi Asia Limited's strong performance in the Non-Destructive Testing Industry positions it well for continued success in the coming quarters.

The Board of Directors approved these results at their meeting held on November 13, 2025.