De Nora India Limited , a prominent player in the industrial sector, has announced a significant change in its key management personnel. The company has appointed Shrikant Pai as its new Company Secretary & Compliance Officer, effective August 7, 2025.

Board Approval and Appointment Details

The appointment of Shrikant Pai was approved during a Board Meeting held on August 6, 2025. This strategic move aims to strengthen De Nora India's corporate governance and compliance framework.

Shrikant Pai's Professional Background

Shrikant Pai brings a wealth of experience and expertise to his new role at De Nora India Limited. His impressive credentials include:

Educational Qualifications

• B.Com from Karnataka University, Belgaum
• LLB from Karnataka State Law University
• Associate Member of the Institute of Company Secretaries of India (ICSI)

Professional Experience

• 12 years of experience in Corporate Laws and SEBI matters
• ICSI Membership Number: 440001

Role and Responsibilities

As the Company Secretary & Compliance Officer, Shrikant Pai will be a Key Managerial Personnel at De Nora India Limited. His responsibilities will likely include ensuring compliance with various corporate laws, SEBI regulations, and other statutory requirements.

Company's Perspective

Vinay Chopra, Managing Director of De Nora India Limited, signed the official communication to the stock exchanges regarding this appointment. The move underscores the company's commitment to maintaining high standards of corporate governance and regulatory compliance.

De Nora India Limited continues to strengthen its management team to drive growth and ensure adherence to regulatory standards in the dynamic business environment.

De Nora India Limited , a leading player in electrode technologies, has released its unaudited financial results for the first quarter. The company's performance shows a mixed picture with a decline in revenue but steady profitability.

Financial Highlights

• Revenue: ₹1,196.94 lakhs, down from ₹2,013.11 lakhs in the previous quarter
• Net Profit: ₹334.92 lakhs, compared to ₹439.07 lakhs in the prior quarter
• Warranty Provisions: Recognized ₹848.99 lakhs during the quarter

Quarterly Performance

De Nora India's revenue from operations saw a significant decrease of approximately 40.5% quarter-on-quarter. Despite this revenue decline, the company managed to maintain a healthy profit, with net profit at ₹334.92 lakhs. This represents a decrease of about 23.7% compared to the previous quarter's profit of ₹439.07 lakhs.

A notable aspect of the quarter's financials was the recognition of substantial warranty provisions amounting to ₹848.99 lakhs. This provision is based on reported and anticipated warranty claims, reflecting the company's commitment to product quality and customer satisfaction.

Year-to-Date Performance

For the financial year ended March 31, De Nora India reported:

• Annual Revenue: ₹7,275.82 lakhs
• Net Profit: ₹288.18 lakhs

Board Developments

The Board of Directors meeting brought forth significant changes in the company's leadership:

1. Director Retirement: Francesco L'Abbate, serving as a non-executive-non-independent director, is set to retire by rotation at the upcoming Annual General Meeting.

2. New Director Nomination: The Board has recommended the appointment of Guido Picari as a new director, subject to shareholder approval at the forthcoming Annual General Meeting.

Financial Position

As of March 31, De Nora India's financial position showed:

• Paid-up Equity Share Capital: ₹530.86 lakhs (Face Value ₹10 per share)
• Other Equity: ₹11,484.15 lakhs

Earnings Per Share

The Basic and Diluted Earnings Per Share (EPS) stood at ₹6.12, showing a slight decrease from ₹6.29 in the previous quarter.

De Nora India continues to navigate market challenges while maintaining profitability. The company's focus on warranty provisions indicates a proactive approach to quality control and customer service. Shareholders and market watchers will be keen to observe how the company's strategies unfold in the coming quarters, especially in light of the revenue dip and the proposed changes in the Board of Directors.