Octavius Plantations Limited , a company listed on the Bombay Stock Exchange (BSE), has announced significant changes to its board committees following the appointment of a new director and the completion of term for another.

Reconstitution of Board Committees

Octavius Plantations has reconstituted its Audit Committee and Nomination & Remuneration Committee. The changes were necessitated by the following events:

• Cessation of Ms. Boppanda Chengappa Ponnamma due to completion of her term
• Appointment of Ms. Kanthi Priya Midathada as a new director

New Committee Compositions

Both the Audit Committee and the Nomination & Remuneration Committee have been restructured as follows:

Committee Members

Committee Meetings and Documentation

• The reconstituted committees held meetings
• The minutes of these meetings were signed by the company chairman
• Octavius Plantations has submitted the committee meeting minutes to BSE Limited, ensuring compliance with regulatory requirements

These changes in the board committees reflect Octavius Plantations' commitment to maintaining strong corporate governance and adapting its leadership structure to meet future challenges and opportunities.

The company continues to uphold transparency in its operations by promptly communicating these changes to the stock exchange and its shareholders.

Octavius Plantations Limited , a key player in the plantation sector, has approved its unaudited standalone financial results for the quarter ended June 30, 2025. The company's Board of Directors convened on August 13, 2025, to review and approve the financial statements for the first quarter of the fiscal year 2025-26.

Board Meeting Details

The board meeting, which commenced at 11:30 AM and concluded at 12:53 PM, saw the directors scrutinizing the company's financial performance for the quarter. Following the approval, Octavius Plantations promptly submitted the results to the BSE (Bombay Stock Exchange) in compliance with regulatory requirements.

Auditor's Review

V. Singhi & Associates, the independent auditors, conducted a limited review of the financial statements. The review was performed in accordance with the Standard on Review Engagement (SRE) 2410, as mandated by the Institute of Chartered Accountants of India.

Emphasis of Matter

In their report, the auditors highlighted an 'Emphasis of Matter' regarding the company's accounting practices. Specifically, they noted that bearer plants had not been accounted for in accordance with Indian Accounting Standard 16 (Ind AS 16). This standard typically requires bearer plants to be accounted for as property, plant, and equipment.

Despite this observation, the auditors did not modify their conclusion on the financial statements. They stated that nothing had come to their attention that would cause them to believe that the financial results were not prepared in accordance with applicable Accounting Standards and other recognized accounting practices and policies.

Regulatory Compliance

The financial results were prepared in line with the recognition and measurement principles of Indian Accounting Standard 34 (Ind AS 34) for Interim Financial Reporting. This standard is prescribed under Section 133 of the Companies Act, 2013, as amended.

The review of the unaudited financial results was carried out in compliance with Regulation 33 of SEBI (Listing Obligation and Disclosure Requirements) (Amendment) Regulation, 2018, and SEBI Circular No. CIR/CFD/CMD1/80/2019 dated July 19, 2019.

Management's Responsibility

The company's management, led by Director Princi Jain, took responsibility for the preparation of the financial statements. The board's approval of these results demonstrates their commitment to transparency and timely disclosure to stakeholders.

While the specific financial figures were not disclosed in the available information, investors and market analysts will likely be keen to analyze the detailed numbers to assess Octavius Plantations' performance in the competitive plantation sector.

As the company moves forward, addressing the auditor's note on bearer plants accounting may be an area of focus to ensure full compliance with all applicable accounting standards in future financial reports.