Poddar Pigments Limited Announces Key Changes in Compliance Officer Role

Poddar Pigments Limited , a prominent player in the pigments industry, has announced significant changes in its leadership team, specifically in the role of Compliance Officer. The company's Board of Directors has approved these changes, which are set to take effect on September 30, 2025.

Leadership Transition

The Board of Directors of Poddar Pigments Limited convened on September 30, 2025, for a meeting that lasted from 12:00 PM to 1:55 PM. During this meeting, two key decisions were made:

Resignation of Shri Dharmendra Kumar: The board approved the resignation of Shri Dharmendra Kumar from his position as Compliance Officer of the company. Kumar's resignation is effective from September 30, 2025, and comes as a result of other commitments within the organization.
Appointment of Shri Rajeev Kumar: The board has appointed Shri Rajeev Kumar as the new Company Secretary and Compliance Officer, also effective from September 30, 2025.

New Compliance Officer Profile

Shri Rajeev Kumar brings a wealth of experience to his new role at Poddar Pigments Limited. He is an associate member (ACS-33990) of the Institute of Company Secretaries of India and boasts over 11 years of experience working with both listed and unlisted companies.

Regulatory Compliance

The company has made these announcements in accordance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Poddar Pigments Limited has also provided detailed information about the changes as required by various SEBI circulars, including those dated July 13, 2023, November 11, 2024, December 31, 2024, and February 25, 2025.

Company's Statement

Yug Mahesshwari, Chief Financial Officer of Poddar Pigments Limited, signed off on the official communication to the stock exchanges. The company expressed its gratitude to Shri Dharmendra Kumar for his services and welcomed Shri Rajeev Kumar to his new role.

These leadership changes come as Poddar Pigments Limited continues to strengthen its corporate governance and compliance framework.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.23%	-1.04%	-7.49%	-14.62%	-33.37%	+37.14%

Poddar Pigments Limited, a leading masterbatch manufacturer, has released its financial results for the first quarter, revealing a significant decline in both revenue and profitability.

Financial Performance

The company reported a total income of Rs. 93.33 crore for Q1, down 7.4% from Rs. 100.82 crore in the same quarter last year. The decline in revenue was accompanied by a sharp drop in net profit, which fell by 45% year-on-year to Rs. 4.17 crore from Rs. 7.61 crore.

Metric	Q1 Current	Q1 Previous	Change (%)
Total Income	93.33	100.82	-7.4%
Net Profit	4.17	7.61	-45.2%
Gross Profit Margin	30.3%	28.8%	+1.5%
EBITDA Margin	9.0%	12.5%	-3.5%
Net Profit Margin	4.5%	7.6%	-3.1%

Despite the overall decline, Poddar Pigments managed to improve its gross profit margin to 30.3% from 28.8% in the previous year. However, both EBITDA margin and net profit margin contracted, with EBITDA margin falling to 9.0% from 12.5% and net profit margin dropping to 4.5% from 7.6%.

Cost Management

The company's cost of materials consumed decreased by 9.5% to Rs. 63.61 crore, reflecting lower raw material prices or improved procurement efficiency. However, employee benefit expenses rose by 6.4% to Rs. 10.06 crore, potentially indicating salary increases or additional hiring.

Segment Performance

Poddar Pigments continues to operate solely in the masterbatches segment, with no exceptional items reported during the quarter.

Corporate Governance

The Board of Directors approved these results on August 11. In the same meeting, the Board also fixed the date for the company's 34th Annual General Meeting (AGM), which is scheduled for September 26, at 11:00 A.M. The AGM will be held through Video Conferencing (VC) or Other Audio Visual Means (OAVM), in line with modern corporate practices.

Auditor's Review

K.N. Gutgutia & Co., Chartered Accountants, the statutory auditors of Poddar Pigments Limited, conducted a limited review of the quarterly unaudited financial results. Their report stated that nothing has come to their attention that causes them to believe that the financial results do not present a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

As Poddar Pigments navigates through challenging market conditions, investors and stakeholders will be closely watching the company's performance in the coming quarters for signs of recovery and growth.