OTCO International Appoints Alok Dash as Additional Independent Director

Otco International Limited, a company listed on the Bombay Stock Exchange (BSE: 523151), has announced the appointment of Mr. Alok Dash as an Additional Non-Executive Independent Director, effective August 13, 2025. This strategic move comes as part of the company's ongoing efforts to strengthen its board composition and corporate governance.

Board Composition Update

Following this appointment, Otco International's Board of Directors now comprises four members:

Mr. Arun Dash - Chairman & Independent Director
Mrs. Bagyalakshmi Thirumalai - Whole time Director
Mr. K R Sailesh - Non-Executive & Non-Independent Director
Mr. Alok Dash - Non-Executive Independent Director

Profile of Mr. Alok Dash

Mr. Alok Dash, born on February 2, 1967, brings a wealth of experience to Otco International's board. As a Chartered Accountant, he possesses extensive expertise in various critical areas:

Financial Accounting
Administration & Business Development
Business Management
Audit
Finance
Commercial Operations

Key Points of the Appointment

Mr. Alok Dash holds no shares in Otco International Limited.
He currently has no directorships in other companies.
The company has confirmed that Mr. Dash is not debarred from holding a directorship by any regulatory authority.
Mr. Dash is not related to any of the existing directors of the company.

Additional Board Decisions

In the same board meeting held on August 13, 2025, Otco International Limited made several other significant decisions:

Approval of unaudited standalone financial results for the quarter ended June 30, 2025.
Scheduling of the 44th Annual General Meeting for September 22, 2025.
Reappointment of Ms. Bagyalakshmi Thirumalai as whole-time director.
Acceptance of the resignation of Mr. Shaine Sunny Mundaplakkal as Independent Director.
Exploration of possibilities for developing the company's land measuring 4.26 acres at Velanur, Avadi.

Financial Highlights

For the quarter ended June 30, 2025, Otco International reported:

Particulars	Q1 FY2026 (₹ in thousands)
Revenue from Operations	5.70
Total Income	5.70
Total Expenses	5.48
Profit/(Loss) before tax	0.22
Total Comprehensive Income	0.22

The appointment of Mr. Alok Dash and the other board decisions reflect Otco International's commitment to enhancing its corporate structure and exploring new growth opportunities. Investors and stakeholders will be keenly watching how these changes impact the company's future performance and strategic direction.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.97%	+4.21%	0.0%	+0.42%	-14.01%	-30.96%

Otco International Limited, a company listed on the Bombay Stock Exchange (BSE: 523151), has released its unaudited financial results for the first quarter ended June 30, 2025, along with several significant corporate announcements.

Financial Performance

For the quarter ended June 30, 2025, Otco International reported:

Particulars	Q1 FY2026 (Rs. in thousands)
Revenue from Operations	66.57
Total Income	66.88
Total Expenses	64.44
Profit before Tax	0.22
Profit after Tax	0.22
Earnings per Share (Rs.)	0.00

The company's revenue from operations stood at Rs. 66.57 thousand, with a total income of Rs. 66.88 thousand for the quarter. Otco International managed to report a modest profit of Rs. 0.22 thousand, resulting in an earnings per share of Rs. 0.00.

Corporate Announcements

The Board of Directors, in their meeting held on August 13, 2025, made several key decisions and appointments:

Annual General Meeting

The 44th Annual General Meeting (AGM) of the company is scheduled for September 22, 2025, at 11:00 A.M. The AGM will be conducted in compliance with the guidelines issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI).

Leadership Changes

Mr. V. Nagarajan has been appointed as the Secretarial Auditor.
Ms. Bagyalakshmi Thirumalai has been reappointed as the whole-time director.
Mr. Alok Dash has been appointed as an Additional Independent Director.
The Board accepted the resignation of Mr. Shaine Sunny Mundaplakkal Sunny from his position as Independent Director.

Other Appointments

Mr. Rajesh Agarwal has been appointed as the scrutinizer for the upcoming AGM.

Business Development

The Board explored possibilities for developing the company's land asset, measuring 4.26 acres, located at Velanur, Avadi. This move could potentially open up new avenues for the company's growth and asset utilization.

Auditor's Review

B.N. Misra & Co., Chartered Accountants, conducted a limited review of the financial results for the quarter ended June 30, 2025. The auditors stated that nothing has come to their attention that causes them to believe that the financial statements do not present a true and fair view in accordance with applicable accounting standards and generally accepted accounting principles.

Otco International's board meeting, which commenced at 11:30 A.M., concluded at 11:00 A.M. on August 13, 2025. The company has requested the BSE to take these announcements on record.

Investors and stakeholders are advised to refer to the company's website for more detailed information on the financial results and the upcoming Annual General Meeting.