Photoquip India Limited has formally announced the resignation of its Company Secretary and Compliance Officer, marking a key managerial personnel change at the Mumbai-based company. The announcement was made to BSE Limited on December 26, 2025, in accordance with regulatory requirements.

Key Personnel Change Details

Ms. Aditi Joshi (ACS No. 39811), who served as Company Secretary and Compliance Officer (Key Managerial Personnel), tendered her resignation effective from December 25, 2025. The resignation letter was dated December 25, 2025, and the company promptly informed the stock exchange the following day.

Regulatory Compliance and Disclosure

The resignation was reported pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as mandated by the listing regulations, including comprehensive documentation of the personnel change.

Dhaval Jayant Soni, Managing Director (DIN: 00751362), signed the official communication to BSE Limited from the company's registered office at A-13, Royel Industrial Estate, Naigaon Cross Road, Wadala (West), Mumbai.

Resignation Statement and Transition

In her resignation letter addressed to the Board of Directors, Ms. Joshi confirmed her decision to step down from her position at the closure of working hours on December 25, 2025. She explicitly stated that there are no other material reasons for her resignation except pursuing opportunities outside Photoquip India Limited.

Ms. Joshi expressed gratitude to the Board of Directors and management team for the opportunity to work at Photoquip and acknowledged the support and cooperation received during her tenure. She requested the company to relieve her of duties and ensure necessary disclosures and filings with relevant regulatory authorities.

Corporate Governance Impact

The departure of a Company Secretary and Compliance Officer represents a significant change in key managerial personnel, as this role is crucial for ensuring regulatory compliance and corporate governance standards. The company will need to identify and appoint a suitable replacement to maintain continuity in these critical functions.

Photoquip India Limited , a company known for its photographic and imaging equipment, has released its unaudited financial results for the second quarter and six months ended September 30, 2025. The results, approved by the Board of Directors on November 12, 2025, reveal notable changes in the company's financial position.

Key Financial Highlights

• Cash Position: The company's cash and cash equivalents saw a significant decrease, dropping from Rs. 40.96 lakhs in March 2025 to Rs. 19.02 lakhs in September 2025, representing a reduction of over 53%.

• Borrowings:

  • Non-current borrowings increased substantially from Rs. 467.86 lakhs to Rs. 785.37 lakhs, a rise of about 68%.
  • Current borrowings, however, decreased from Rs. 414.68 lakhs to Rs. 88.11 lakhs, a reduction of approximately 79%.

• Equity: The equity share capital remained stable at Rs. 600.08 lakhs.

Balance Sheet Overview

To provide a clearer picture of Photoquip India's financial position, here's a snapshot of key balance sheet items:

Audit and Review Process

The financial results underwent a thorough review process:

1. The Audit Committee reviewed the results.
2. Statutory auditors, FP Associates, provided a limited review report.

This financial update offers insights into Photoquip India's current financial standing, highlighting significant changes in its borrowing structure and cash position. The increase in non-current borrowings alongside a decrease in current borrowings suggests a shift in the company's debt profile, potentially indicating a focus on long-term financial planning.

Investors and stakeholders may want to keep a close eye on how these changes in borrowings and cash position impact the company's operations and financial strategy in the coming quarters.