Responsive Industries Limited , a prominent player in the Indian manufacturing sector, has announced a significant addition to its board of directors. The company has appointed Mr. Sanjiv Swarup as an Additional Non-executive Independent Director, effective October 4, 2022.

Professional Background

Mr. Swarup brings a wealth of experience and expertise to his new role. He is a Member of the Institute of Chartered Accountants of India, showcasing his strong financial acumen. Additionally, he holds a Bachelor of Laws degree from Saurashtra University, adding legal insight to his professional repertoire.

Current Roles and Experience

Sanjiv Swarup's appointment is notable given his current position as Chairman & Independent Director of Bharat Wire Ropes Ltd, a role that demonstrates his leadership capabilities in the corporate sector. His experience extends beyond this, as he has served as a Senior Advisor for 16 years in BSE Listed SEBI registered Merchant Bankers. This extensive advisory experience in the financial sector is likely to be a valuable asset to Responsive Industries.

Appointment Process and Compliance

The appointment of Mr. Swarup aligns with regulatory requirements. The Board of Responsive Industries has confirmed his declaration under regulation 25(8) of Listing Regulations after conducting due assessment. This step ensures compliance with corporate governance norms and underscores the company's commitment to maintaining high standards of board independence and expertise.

Implications for Responsive Industries

The addition of Sanjiv Swarup to the board as an Independent Director is expected to bring fresh perspectives to Responsive Industries' strategic decisions. His blend of financial, legal, and advisory experience could potentially contribute to enhanced corporate governance and strategic planning within the company.

This appointment reflects Responsive Industries' ongoing efforts to strengthen its board with diverse and experienced professionals, which may be viewed positively by stakeholders and investors alike.

Responsive Industries Limited , a leading manufacturer of articles made out of plastics and polymers, has announced its unaudited financial results for the first quarter ended June 30, 2025, showcasing a mixed performance across its standalone and consolidated operations.

Consolidated Performance

On a consolidated basis, Responsive Industries reported:

• Revenue from operations of Rs 33,870.86 crore, down 11.02% quarter-on-quarter (QoQ) from Rs 38,066.05 crore, but up 5.88% year-on-year (YoY) from Rs 31,990.48 crore.
• Net profit after tax of Rs 4,986.50 crore, showing a slight increase from Rs 4,837.85 crore YoY, but a decrease from Rs 5,424.87 crore QoQ.

The consolidated results include three subsidiaries: Responsive Industries Limited Hong Kong, Responsive Industries LLC USA, and Axiom Cordages Limited Hong Kong.

Standalone Performance

On a standalone basis, Responsive Industries recorded:

• Revenue from operations of Rs 14,911.78 crore, down 1.55% QoQ from Rs 15,146.40 crore, but up 15.78% YoY from Rs 12,879.75 crore.
• Net profit after tax of Rs 567.48 crore, an improvement from Rs 544.28 crore QoQ, but a decrease from Rs 732.56 crore YoY.

Financial Highlights

Management Commentary

Mehul Vala, Whole-Time Director & CEO of Responsive Industries Limited, commented on the results, stating, "Our Q1 FY2025 performance reflects the resilience of our business model in a challenging market environment. While we saw some pressure on our consolidated revenues, our focus on operational efficiency has helped us maintain profitability. We remain committed to delivering value to our stakeholders and are optimistic about the opportunities ahead."

Additional Information

• The board meeting to approve these results was held on July 30, 2025, from 03:40 P.M. to 04:30 P.M.
• M/s. Shah & Taparia, Chartered Accountants, the statutory auditors of the company, have reviewed the financial results.
• Responsive Industries continues to operate in a single primary business segment of articles made out of plastics and polymers, as per the guiding principles of Ind-AS 108 Operating Segment.

Investors and stakeholders can access the detailed financial results on the company's website at www.responsiveindustries.com .