Photoquip India Limited has announced the appointment of Ms. Aishwarya Anil Lokhare as Company Secretary and Compliance Officer, effective January 5, 2026. The appointment was approved during a Board of Directors meeting held on the same date, addressing the vacancy created by the recent resignation of Ms. Aditi Joshi.

Board Meeting Outcomes

The Board of Directors convened on January 5, 2026, at 4:00 PM and concluded at 4:30 PM to deliberate on key personnel changes. Based on recommendations from the Nomination and Remuneration Committee, the board unanimously approved Ms. Lokhare's appointment to the critical role of Company Secretary and Compliance Officer.

New Appointee Profile

Ms. Aishwarya Anil Lokhare brings qualified expertise to Photoquip India Limited as a certified Company Secretary. She holds the ACS designation with membership number A79455 and possesses extensive experience in secretarial compliances across various corporate structures.

Personnel Transition Details

The appointment follows the resignation of Ms. Aditi Joshi (ACS No. 39811), who stepped down from her position as Company Secretary and Compliance Officer on December 25, 2025. Ms. Joshi had cited pursuing other opportunities as the reason for her departure from the Mumbai-based company.

The board formally acknowledged and approved Ms. Joshi's resignation during the January 5 meeting, ensuring proper documentation and regulatory compliance for the personnel transition.

Regulatory Compliance and Documentation

The appointment was communicated to BSE Limited in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Managing Director Dhaval Jayant Soni (DIN: 00751362) signed the official communication from the company's registered office at A-13, Royal Industrial Estate, Naigaon Cross Road, Wadala (West), Mumbai.

The company has fulfilled all mandatory disclosure requirements, including comprehensive documentation of the new appointment and formal acknowledgment of the previous resignation, ensuring continuity in corporate governance and regulatory compliance 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.