Responsive Industries Limited has successfully completed its postal ballot proceedings for the appointment of a new Independent Director, as announced in its regulatory filing dated January 05, 2026. The company conducted the entire voting process through electronic means in compliance with regulatory requirements.

Postal Ballot Process Details

The postal ballot process was conducted in accordance with multiple regulatory frameworks, including Sections 108 and 110 of the Companies Act, 2013, and Regulation 44 of the SEBI LODR Regulations. The company appointed M/s. Mayank Arora & Co., Practicing Company Secretaries, as the scrutinizer to ensure fair and transparent conduct of the voting process.

Director Appointment Resolution

The special resolution for the appointment of Mr. Ajay Pratapray Shanghavi (DIN: 00084653) as an Independent Director was passed with the requisite majority. Mr. Shanghavi was initially appointed by the Board of Directors as an Additional Non-Executive Independent Director on November 11, 2025, based on the recommendation of the Nomination and Remuneration Committee.

Regulatory Compliance and Documentation

The company ensured full compliance with regulatory requirements throughout the process. The postal ballot notice was sent to all members whose names appeared on the Register of Members as of the cut-off date, November 28, 2025. M/s. MUFG Intime India Private Limited served as the Registrar and Share Transfer Agent, providing the remote e-voting facility to enable secure electronic voting.

The company published public notices in Financial Express (English) and Mumbai Lakshadeep (Marathi) newspapers on December 03, 2025, informing stakeholders about the postal ballot process. All documentation and proceedings have been uploaded on the company's website and submitted to both BSE Limited and National Stock Exchange of India Limited.

Board Authorization

The resolution also authorized the Board of Directors, including any constituted committee, to take all necessary steps to implement the appointment. The certified true copy of the proceedings was signed by Mehul Vala, Whole-Time Director & CEO (DIN: 08361696), and Mohini Sharma, Company Secretary & Compliance Officer, ensuring proper documentation and regulatory compliance.

Responsive Industries has reported a mixed financial performance for the second quarter of the fiscal year 2025-26, with increased profitability despite a decline in revenue.

Financial Highlights

The company's consolidated financial results for Q2 FY2025-26 show:

Profit Growth Despite Revenue Decline

Responsive Industries has managed to increase its net profit by 8.07% year-over-year, reaching ₹532.60 crore in Q2 FY2025-26, up from ₹492.80 crore in the same quarter last year. This growth in profitability comes despite a 10.23% decline in revenue, which fell to ₹3,137.50 crore from ₹3,495.20 crore in the corresponding period.

Improved Operational Efficiency

The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a 5.66% increase, rising to ₹766.00 crore from ₹725.00 crore in the previous year. More notably, the EBITDA margin expanded significantly to 24.42%, up from 20.75% in Q2 FY2024-25, representing an improvement of 367 basis points.

Market Implications

The mixed results present a nuanced picture for investors. While the revenue decline may raise concerns about market demand or competitive pressures, the improved profitability and operational efficiency demonstrate the company's ability to manage costs effectively in a challenging environment.

Conclusion

Responsive Industries' Q2 FY2025-26 results highlight the company's ability to improve profitability and operational efficiency even in the face of revenue challenges. As the company moves forward, stakeholders will likely be watching closely to see if it can maintain this improved profitability while addressing the factors behind the revenue decline.