Retaggio Industries Limited has announced key leadership changes following a board meeting held on December 11, 2025. The company's Board of Directors approved significant changes in its Chief Financial Officer position, marking an important transition in the organization's management structure.

Leadership Transition Details

The board meeting, which commenced at 10:45 a.m. and concluded at 11:20 a.m., resulted in two major decisions regarding the CFO position:

Outgoing CFO Resignation

Mr. Noratan Singh Rao has resigned from his position as Director and Chief Financial Officer of Retaggio Industries Limited with immediate effect from December 11, 2025. In his resignation letter addressed to the Board of Directors, Mr. Rao requested to be relieved from his duties and thanked the Board for their support and guidance during his tenure. The resignation was processed in accordance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

New CFO Appointment

Mr. Savinay Lodha has been appointed as the new Chief Financial Officer of the company with immediate effect. His appointment brings relevant educational background and industry experience to the organization.

Professional Background of Mr. Savinay Lodha:

Regulatory Compliance

Both the resignation and appointment have been disclosed in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also adhered to SEBI Master Circular SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024, ensuring all regulatory requirements are met.

Related Party Disclosure

As part of the appointment disclosure, the company has revealed that Mr. Savinay Lodha is related to Mrs. Nidhi Lodha, who serves as a Non-Executive Director of the company. This relationship has been disclosed in accordance with SEBI regulations regarding related party transactions and appointments.

The leadership transition reflects the company's commitment to maintaining strong financial management while ensuring continuity in its operations within the diamond, gems, and jewellery sector.

Retaggio Industries Limited has announced its unaudited financial results for the first half of the fiscal year ending September 30, 2025, showcasing substantial growth across key financial metrics.

Financial Highlights

The company reported a remarkable increase in profitability and revenue for the first half of 2025:

All financial figures are in lakhs of rupees, except for Earnings per Share

Balance Sheet Strengthens

Retaggio Industries' balance sheet showed significant improvement:

All financial figures are in lakhs of rupees

Operational Performance

The company's operational performance improved substantially, with the cost of material consumed and changes in inventories indicating efficient inventory management and potentially improved supply chain operations.

Auditor's Review

Gopal Agarwal and Company, the independent auditors, conducted a limited review of the financial statements. They found no material misstatements and confirmed that the statements were prepared in accordance with Indian Accounting Standards and relevant regulations.

Management Commentary

Savinay Lodha, Managing Director of Retaggio Industries Limited, stated, "Our first half performance for 2025 demonstrates strong growth across all key financial metrics. The significant increase in revenue and profitability reflects our operational efficiency and market demand for our products."

Additional Information

The board meeting to approve these results was held on November 8, 2025, commencing at 1:00 p.m. and concluding at 2:00 p.m.

Retaggio Industries Limited continues to demonstrate strong financial performance in its industry sector.