Contil India Limited has announced the appointment of Mr. Devandh Gopal Barot as an Independent Director during its Board meeting held on February 10, 2026. The appointment marks a strategic addition to the company's leadership structure, bringing extensive corporate governance and regulatory expertise to the Board.

Board Meeting Outcome

The Board of Directors, in their meeting held on February 10, 2026, approved the appointment of Mr. Devandh Gopal Barot (DIN: 11526642) as an Independent Director. The appointment details are structured as follows:

Director Profile and Qualifications

Mr. Barot brings a comprehensive academic background with multiple degrees and professional certifications. His educational credentials include Master of Social Work (MSW), Executive MBA in HR & Industrial Relations, Bachelor of Laws (LL.B.), and Bachelor of Arts in Economics. Additionally, he holds several professional certifications including Certified Independent Director, Certified ESG & BRSR Expert, Certified CSR Professional, and PMP (Project Management Professional).

His professional development includes executive leadership training from Harvard Manage Mentor and other reputed institutions, along with certification as a soft skills trainer.

Professional Experience

Mr. Barot possesses over three decades of experience across multiple domains critical to corporate governance and operations:

• Core Expertise Areas: Corporate Affairs, Government Relations, ESG, CSR, Public Affairs, and Regulatory Strategy
• Organizations: Saurashtra Cement (Mehta Group), Nayara Energy, Adani Group, APM Terminals (Maersk), and others
• Project Leadership: Led large greenfield and brownfield projects, regulatory enablement, land acquisition, crisis management, and stakeholder engagement

Domain Knowledge and Achievements

The newly appointed director brings specialized knowledge in governance & compliance, regulatory affairs, ESG/BRSR, CSR, risk mitigation, policy advocacy, land & legal management, crisis and reputation management, and strategic stakeholder engagement. His track record includes successfully enabling multi-crore capex projects, securing statutory approvals, resolving complex legal and land matters, and driving sustainable business practices while maintaining high compliance standards.

Independence and Relationships

As disclosed in the appointment documentation, Mr. Devandh Gopal Barot is not related to any existing Directors of the Company, ensuring his independence in Board deliberations and decision-making processes. The Board meeting commenced at 3:30 p.m. and concluded at 4:00 p.m. on February 10, 2026.

Contil has released its unaudited financial results for the second quarter ended September 30, 2025, revealing a mixed performance with a slight decline in revenue but an increase in profitability.

Revenue and Profit Analysis

The company reported a total revenue from operations of Rs 85.44 crore for Q2, compared to Rs 71.87 crore in the previous quarter, marking a quarter-on-quarter increase of 18.88%. However, when compared to the same quarter last year (Rs 88.08 crore), there was a marginal year-on-year decrease of 3.00%.

Despite the slight dip in revenue, Contil managed to improve its profitability. The net profit for the quarter stood at Rs 5.46 crore, up from Rs 4.50 crore in the previous quarter, representing a 21.33% increase. This also marks a significant improvement from the Rs 1.54 crore profit reported in the same quarter last year.

Financial Highlights

Operational Performance

The company's operating expenses saw an increase, rising to Rs 6.46 crore in Q2 from Rs 6.23 crore in the previous quarter. This rise in operational costs may be attributed to the increased business activity reflected in the higher revenue figures.

Balance Sheet Strength

As of September 30, 2025, Contil's balance sheet showed improvement in several areas:

• Total assets increased to Rs 164.32 crore, up from Rs 149.31 crore as of March 31, 2025.
• Cash and cash equivalents saw a significant boost, rising to Rs 7.70 crore from Rs 1.26 crore.
• The company's equity position strengthened, with total equity (including reserves) reaching Rs 128.34 crore, compared to Rs 115.44 crore at the end of the previous fiscal year.

Management Commentary

While specific management comments were not provided in the financial release, the board of directors approved these results in their meeting held on November 12, 2025. The company continues to focus on its core business of merchant export trading.

Investor Considerations

The earnings per share (EPS) for Q2 stood at Rs 0.35, an improvement from Rs 0.29 in the previous quarter. However, it's worth noting that this is significantly lower than the Rs 3.28 EPS reported in the same quarter last year, which may be a point of concern for investors.

Contil's ability to improve profitability despite a slight dip in revenue suggests effective cost management and operational efficiency. However, the substantial year-on-year decrease in EPS and net profit may warrant closer scrutiny of the company's long-term growth strategy and market positioning.

Investors and stakeholders will likely be watching closely to see if the company can maintain its profitability improvement while returning to revenue growth in the coming quarters.