Cochin Minerals and Rutile Limited Announces Major Leadership Reshuffle

Cochin Minerals & Rutile , a leading player in the minerals industry, has announced a series of significant management changes. These appointments and transitions mark a new chapter in the company's leadership structure.

Key Management Appointments

The company has made several strategic appointments to strengthen its executive team:

Position	Appointee	Effective Date
Chairman Emeritus	Dr. S N Sasidharan Kartha	August 8, 2025
Chief Financial Officer	Mr. Joby Mathew	September 1, 2025
Company Secretary & Compliance Officer	Ms. Sreedeepa S	October 27, 2025

Chairman Emeritus Appointment

Dr. S N Sasidharan Kartha, the chief promoter and founder Managing Director of Cochin Minerals & Rutile, has been appointed as Chairman Emeritus for a five-year term, effective August 8, 2025. This appointment is subject to shareholder approval at the upcoming Annual General Meeting.

Dr. Kartha's appointment recognizes his significant contributions to the company since its inception. Under his leadership, the company has grown from a 10,000 TPA capacity plant to a 50,000 TPA synthetic rutile producer, while also diversifying into water purifying chemicals production.

New Chief Financial Officer

Mr. Joby Mathew, a finance professional with over 15 years of experience, will take on the role of Chief Financial Officer from September 1, 2025. Mr. Mathew brings expertise in financial management, business transformation, treasury, risk, audit, and ERP systems to his new position.

Changes in Company Secretary Position

The company has announced a transition in the Company Secretary role:

Mr. Suresh Kumar P will serve as interim Chief Financial Officer & Company Secretary from July 7, 2025, to August 31, 2025.
Mr. Kumar will then transition to the role of Chief General Manager (Finance) & Company Secretary from September 1, 2025.
Mr. Kumar will retire from his position on October 26, 2025.
Ms. Sreedeepa S will assume the role of Company Secretary & Compliance Officer effective October 27, 2025.

Additional Appointments

Cochin Minerals & Rutile has also made two key professional service appointments:

M/s. SEP Associates has been appointed as Secretarial Auditors for a five-year term from 2025-26 to 2029-30, subject to shareholder approval.
M/s. Suri & Co., Chartered Accountants, has been appointed as Internal Auditors for a three-year term from 2025-26 to 2027-28.

These management changes and appointments reflect Cochin Minerals & Rutile's commitment to strengthening its leadership team and corporate governance practices.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-1.61%	-3.39%	-12.31%	-16.17%	-33.31%	+104.30%

Cochin Minerals & Rutile , a leading player in the mineral industry, has released its unaudited financial results for the first quarter ended June 30. The company's performance shows a decline in revenue and profitability compared to the same period last year.

Financial Highlights

Particulars (Rs. in lakhs)	Q1 FY2026	Q1 FY2025	YoY Change
Revenue from Operations	7,513.82	8,834.50	-14.95%
Total Income	7,756.90	8,894.65	-12.79%
Net Profit	326.66	594.98	-45.10%
Basic EPS (Rs.)	4.17	7.60	-45.13%

Revenue and Profitability

Cochin Minerals & Rutile reported a revenue from operations of Rs. 7,513.82 lakhs for the quarter, marking a 14.95% decrease from Rs. 8,834.50 lakhs in the corresponding quarter of the previous year. The total income for the quarter stood at Rs. 7,756.90 lakhs, down by 12.79% from Rs. 8,894.65 lakhs year-over-year.

The company's net profit saw a significant decline of 45.10%, dropping to Rs. 326.66 lakhs from Rs. 594.98 lakhs in the same quarter last year. This reduction in profitability is reflected in the basic earnings per share (EPS), which decreased to Rs. 4.17 from Rs. 7.60 in the previous year's quarter, representing a 45.13% decline.

Operational Performance

The cost of materials consumed for the quarter was Rs. 2,680.13 lakhs, while employee benefits expense stood at Rs. 815.37 lakhs. Other expenses amounted to Rs. 2,380.56 lakhs, contributing to the total expenses of Rs. 7,249.48 lakhs for the quarter.

Board Approval and Audit Review

The unaudited financial results were approved by the company's Board of Directors at a meeting held on August 8. The meeting commenced at 2:30 PM and concluded at 3:45 PM. These results have undergone a limited review by the company's auditors, Saghesh Kumar & Associates, Chartered Accountants, who have not expressed any material misstatement in their report.

Segment Reporting and Accounting Standards

Cochin Minerals & Rutile operates in a single business segment, and therefore, segmental reporting is not applicable. The company has prepared its financial results in accordance with Indian Accounting Standards (Ind AS) as prescribed under Section 133 of the Companies Act, 2013.

Despite the challenging quarter, Cochin Minerals & Rutile continues to maintain its status as a Three Star Export House and remains committed to its eco-friendly approach in the mineral industry.