PI Industries Ltd, a leading player in the agricultural solutions sector, has announced a significant leadership change within its AgChem Brands division. The company disclosed this information in compliance with SEBI regulations on November 18, 2025.

Key Leadership Changes

Prashant Hegde, who served as the CEO of AgChem Brands and was part of the Senior Management Personnel, has tendered his resignation. According to the company's statement, Hegde's decision to step down is attributed to personal reasons. His last day with PI Industries will be November 21, 2025.

To ensure a smooth transition and maintain strategic continuity, PI Industries has announced that Jagresh Rana, the current Global Ag-CEO, will take on additional responsibilities. Effective November 22, 2025, Rana will oversee the AgChem Brands function alongside his existing role.

Profile of the Incoming Leader

Jagresh Rana, aged 55, brings a wealth of experience to his expanded role:

Company's Statement

PI Industries emphasized that this transition is designed to "ensure strategic continuity and uninterrupted engagement with key stakeholders." The company highlighted Rana's deep involvement in both global and domestic agri-business portfolios as a key factor in his selection for this additional responsibility.

Regulatory Compliance

The company has made this disclosure in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The official announcement includes detailed annexures providing information as required by SEBI guidelines.

Investor Interaction

In a separate but related development, PI Industries also announced an upcoming one-on-one meeting with Waverton Investment Management, scheduled for November 21, 2025, in Gurgaon. The company has clarified that no unpublished price-sensitive information will be shared during this interaction.

As PI Industries navigates this leadership transition, stakeholders will be keenly watching how these changes impact the company's strategic direction and performance in the competitive agricultural solutions market.

PI Industries , a leading agro-chemicals company, has reported its financial results for the second quarter, showing mixed performance with revenue growth but a decline in profitability compared to the same period last year.

Financial Performance

The company's consolidated financial results for Q2 are as follows:

Key Highlights

• Revenue Performance: PI Industries' revenue from operations reached ₹17,526.00 million in the current quarter, slightly lower than the ₹17,691.00 million reported in the previous quarter.

• Profit Growth: The company reported a profit of ₹4,911.00 million for the current quarter, an increase from ₹4,643.00 million in the prior quarter.

• Half-Year Results: For the half-year period, revenue decreased to ₹35,217.00 million from ₹41,432.00 million in the previous year, while profit declined to ₹9,554.00 million from ₹10,569.00 million.

• Earnings Per Share: Basic earnings per share improved to ₹32.36 for the quarter, up from ₹30.61 in the previous quarter.

Business Segment and Operations

• PI Industries primarily operates in the agrochemicals manufacturing and distribution segment.
• Total expenses for the quarter amounted to ₹12,183.00 million.

Corporate Governance

The Board of Directors approved these unaudited standalone and consolidated financial results at their meeting.

Industry Context

The mixed performance of PI Industries reflects ongoing challenges and opportunities in the agrochemicals sector. While the company has shown quarter-on-quarter profit growth, the slight decline in revenue and the year-over-year decrease in half-yearly results indicate a complex operating environment.

Outlook

PI Industries' ability to improve profitability despite a marginal decrease in revenue suggests potential operational efficiencies. The company's performance in the coming quarters will be crucial to understand the sustainability of this trend and its strategies to navigate the current market conditions.

Investors and analysts will likely be watching closely for any guidance or forward-looking statements from PI Industries' management regarding their expectations for the full fiscal year and any strategic initiatives to drive growth and maintain profitability.