Kotia Enterprises Limited has announced a significant change in its top management. Manoj Kumar Bansal, the company's Chief Financial Officer (CFO), has tendered his resignation, effective from the close of business hours on November 5, 2025.

Resignation Details

The company disclosed this information in a regulatory filing to the BSE Limited and Metropolitan Stock Exchange of India Limited, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Key details of the resignation are as follows:

Company's Response

The Board of Directors of Kotia Enterprises Limited has acknowledged Mr. Bansal's resignation and expressed their appreciation for his contributions. Vikas Bansal, a Director of the company, stated in the regulatory filing:

"The Board of Directors of the company placed on records its appreciation for the valuable contribution and guidance provided by Mr. Manoj Kumar Bansal during his association with the company as a Chief Financial Officer."

CFO's Parting Words

In his resignation letter, Manoj Kumar Bansal expressed gratitude for his time at Kotia Enterprises Limited. He stated:

"I am grateful for the opportunities to contribute to the company's growth, strengthen its financial foundation, and work alongside a talented and dedicated team. I would like to express my sincere appreciation to you and the Board for your guidance and trust throughout my tenure."

Mr. Bansal also wished for the continued success and prosperity of Kotia Enterprises Limited in the years ahead.

Impact and Next Steps

While the departure of a key executive like the CFO can be significant for any company, Kotia Enterprises Limited has not yet announced a successor or interim arrangement for the CFO position. Stakeholders and investors will likely be watching closely for any updates on the company's plans to fill this crucial role.

As companies navigate leadership transitions, it's essential for them to maintain transparency and ensure a smooth handover of responsibilities. Kotia Enterprises Limited's prompt disclosure of this change aligns with good corporate governance practices and regulatory requirements.

Kotia Enterprises Limited has released its financial results for the first quarter, revealing a mixed performance with a net loss but substantial gains in comprehensive income.

Financial Performance

The company reported a net loss of ₹5.45 crores for the quarter, slightly higher than the loss of ₹5.09 crores in the same period last year. Despite the increased loss, Kotia Enterprises saw a significant improvement in its total comprehensive income.

Key financial highlights for the quarter:

Revenue and Expenses

Kotia Enterprises did not generate any revenue from operations during the quarter, compared to ₹12.88 crores in the same quarter of the previous year. However, the company recorded other income of ₹7.83 crores, which partially offset the lack of operational revenue.

Total expenses for the quarter stood at ₹13.27 crores, marking a significant reduction from ₹27.27 crores in the previous year's corresponding quarter. This decrease in expenses helped to mitigate the impact of the revenue decline.

Comprehensive Income

Despite the net loss, Kotia Enterprises reported a total comprehensive income of ₹16.08 crores. This substantial improvement was primarily due to gains from the re-measurement of equity instruments, which contributed positively to the company's overall financial position.

Per Share Earnings

The basic and diluted earnings per share for the quarter were negative at ₹0.08, reflecting the company's net loss position.

Capital Structure

Kotia Enterprises' paid-up equity share capital remained unchanged at ₹702.05 crores.

Regulatory Compliance

In a separate announcement, the company disclosed that its net worth as of March 31 had increased to ₹38.67 crores. As a result, Kotia Enterprises will now be required to comply with Regulation 23(9) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, regarding the disclosure of related party transactions.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting. The company's management has assured that necessary due diligence was exercised to ensure the financial results provide a true and fair view of its affairs.

As Kotia Enterprises navigates through challenging market conditions, the significant improvement in comprehensive income provides a silver lining, despite the operational losses.