Cosmo First Limited , a prominent player in the Indian market, has announced a significant change in its board composition. Hoshang Noshirwan Sinor, a seasoned professional in the company's leadership, is set to undergo a role transition.

Retirement and New Appointment

Hoshang Noshirwan Sinor is scheduled to retire from his position as an Independent Director of Cosmo First Limited on May 21, 2025. This retirement marks the completion of his second consecutive term in this role, highlighting his long-standing commitment to the company's governance.

Transition to Non-Executive Role

In a strategic move, Sinor will not be leaving the company's board entirely. Instead, he will transition to a new position as a Non-Executive Non-Independent Director, effective from May 22, 2025. This new role will be subject to rotation, as per standard corporate governance practices.

Board and Shareholder Approval

The transition has received full support from both the company's leadership and its shareholders:

• The Board of Directors approved this appointment in February 2025
• Shareholders ratified the decision in March 2025

This approval process ensures a smooth transition and demonstrates confidence in Sinor's continued value to the company.

Implications for Cosmo First Limited

This change in directorship represents a balance between continuity and fresh perspectives in Cosmo First Limited's governance structure. While Sinor will no longer serve in an independent capacity, his extensive experience and familiarity with the company's operations will continue to be valuable assets in his new non-executive role.

The transition from an independent to a non-executive position is a common practice in corporate governance, often allowing companies to retain the expertise of seasoned directors while adhering to regulatory requirements for board composition.

As Cosmo First Limited moves forward with this change, stakeholders will be keen to observe how this transition impacts the company's strategic direction and governance practices in the coming years.

Cosmo First Limited , a global business organization with diverse interests in packaging, chemicals, and pet care, has announced its unaudited financial results for the first quarter. The company's board of directors approved the results during a meeting held on August 13, which lasted from 2:15 PM to 4:15 PM.

Financial Highlights

The company reported impressive growth in its Q1 performance:

Cosmo First delivered robust quarterly results with EBITDA rising to ₹116.00 crore from ₹84.00 crore year-over-year. The company's EBITDA margin improved to 14.50% compared to 12.20% in the same period last year. Consolidated net profit increased to ₹43.00 crore from ₹31.00 crore year-over-year. Revenue grew to ₹800.00 crore from ₹690.00 crore in the corresponding quarter of the previous year.

Key Drivers of Growth

The company's strong performance can be attributed to several factors:

1. Volume Growth: A significant 19% increase in volume contributed to the revenue growth.
2. Improved BOPP Film Margins: Better margins in the BOPP (Biaxially Oriented Polypropylene) film segment boosted profitability.
3. Cost Rationalization: The company achieved cost savings of ₹4 crore through improved efficiency measures.
4. Specialty Chemicals Performance: The Specialty Chemicals subsidiary showed enhanced performance, contributing to the overall growth.

Operational Updates

• New BOPP Film Line: A new BOPP film line commenced operations in early June, expected to increase the company's BOPP capacity by approximately 45%.
• Window Film Brand Launch: The company's window film operations, launched under the brand "Sunshield," have gained momentum with over 50 distributors onboard.
• Specialty Chemicals Subsidiary: This division posted an EBITDA of ₹12 crore with a topline of ₹49 crore in Q1.

Management Commentary

Mr. Pankaj Poddar, Group CEO of Cosmo First Ltd, commented on the company's performance: "The company is ramping up the production on the new BOPP line. The focus will be on taking full leverage of the new investments, grow specialty film sales and push down costs. Growth with profitability will be the key focus for other business verticals including Specialty chemicals, Cosmo Consumer (Window Films, PPF films & Ceramic Coatings) and Cosmo Plastech (Rigid packaging)."

Looking Ahead

Cosmo First Limited's recent investments in BOPP, CPP, and Window films are expected to drive revenue and profitability growth. The company's focus on cost-efficient production lines aims to enhance its market competitiveness.

As the company continues to leverage its new investments and focus on growth across its diverse business segments, it appears well-positioned for sustained performance.