Shricon Industries Bolsters Leadership with Key Appointments and Financial Results

Shricon Industries Limited has announced significant changes to its leadership team and released its financial results for the quarter ended June 30, 2025. The company's board meeting on July 22, 2025, resulted in several key decisions that are set to shape its future trajectory.

Leadership Appointments

The company has made three strategic appointments to strengthen its governance and financial management:

New Independent Director: Mr. Praveen Chandna has been appointed as an Additional Director in the Independent Director category. With over 15 years of experience in sales and marketing and an MBA degree, Mr. Chandna will serve until the next Annual General Meeting (AGM). His appointment for a five-year term is subject to shareholder approval.
Chief Financial Officer: Mr. Girish Suman has been named the new Chief Financial Officer (CFO) and Key Managerial Personnel. Mr. Suman brings more than 18 years of experience in accounts and finance, holding a Bachelor's degree in Commerce.
Secretarial Auditors: M/s Bharat Rathore & Associates, a firm of Practicing Company Secretaries, has been recommended for appointment as Secretarial Auditors. Led by CS Bharat Rathore, a Fellow Member of the Institute of Company Secretaries of India with 8 years of experience, the firm specializes in corporate laws, SEBI regulations, and compliance management. Their appointment for a five-year term from the 39th to 44th AGM is subject to shareholder approval.

Financial Performance

Shricon Industries has released its unaudited financial results for the quarter ended June 30, 2025:

Particulars (Rs. in Lacs)	Q1 FY2026 (30.06.2025)	Q4 FY2025 (31.03.2025)	Q1 FY2025 (30.06.2024)
Income from Operations	2.37	34.22	19.42
Other Income	2.80	4.72	0.00
Total Income	5.17	38.94	19.42
Total Expenses	9.92	31.05	27.33
Profit before tax	(4.75)	7.89	(8.40)
Profit after tax	(4.78)	7.87	(8.39)
Other Comprehensive Income	13.75	(52.32)	27.12
Total Comprehensive Income	9.00	(44.45)	18.73

The company reported a loss of Rs. 4.78 lacs for Q1 FY2026, compared to a profit of Rs. 7.87 lacs in the previous quarter. However, the total comprehensive income for the period stood at Rs. 9.00 lacs, primarily due to other comprehensive income of Rs. 13.75 lacs.

Additional Announcements

The 39th Annual General Meeting is scheduled for August 29, 2025, at 4:00 PM.
The Register of Members & Share Transfer Books will remain closed from August 23 to August 29, 2025.
E-voting facility will be available to shareholders from August 26 to August 28, 2025, with August 22, 2025, set as the cut-off date.

These developments indicate Shricon Industries' commitment to strengthening its corporate governance and financial management while navigating through challenging market conditions. Investors and stakeholders will be keenly watching how these changes impact the company's performance in the coming quarters.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+4.88%	-3.58%	-2.48%	-15.75%	-38.45%	+333.07%

Shricon Industries Limited , a company listed on the Bombay Stock Exchange (BSE: 508961), has announced its financial results for the first quarter and made several key appointments to its leadership team.

Financial Performance

The company reported a loss after tax of Rs 4.78 lacs for the quarter, compared to a profit of Rs 7.87 lacs in the previous quarter. This represents a significant downturn in the company's financial performance.

Particulars (Rs. in Lacs)	Q1 (30.06.2025)	Q4 (31.03.2025)
Income from Operations	2.37	34.22
Other Income	2.80	4.72
Total Income	5.17	38.94
Total Expenses	9.92	31.05
Profit/(Loss) before tax	(4.75)	7.89
Profit/(Loss) after tax	(4.78)	7.87

Shricon Industries' total income for Q1 stood at Rs 5.17 lacs, a substantial decrease from Rs 38.94 lacs in the previous quarter. The decline in revenue was primarily due to a sharp reduction in income from operations, which fell from Rs 34.22 lacs to Rs 2.37 lacs.

New Appointments

In a series of strategic moves, Shricon Industries has made several key appointments to strengthen its leadership team:

Independent Director: Mr. Praveen Chandna (DIN: 11180384) has been appointed as an Additional Director in the category of Independent Director, effective July 22, 2025. Mr. Chandna brings over 15 years of experience in Sales & Marketing and holds a Master's degree in MBA.
Chief Financial Officer: Mr. Girish Suman has been appointed as the Chief Financial Officer (CFO) and designated as a Key Managerial Personnel (KMP) of the company, effective July 22, 2025. Mr. Suman has more than 18 years of experience in accounts and finance and holds a Bachelor's degree in Commerce.
Secretarial Auditor: The company has recommended the appointment of M/s. Bharat Rathore & Associates, Company Secretaries (Firm Registration No.: S2018RJ589300), as the Secretarial Auditors for a term of five consecutive years, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Annual General Meeting and E-voting

Shricon Industries has scheduled its 39th Annual General Meeting for August 29, 2025, at 4:00 PM. The Register of Members and Share Transfer Books will remain closed from August 23 to August 29, 2025 (both days inclusive) for the purpose of the AGM.

The company will offer e-voting facilities to its shareholders from August 26, 2025 (9:00 AM) to August 28, 2025 (5:00 PM), with August 22, 2025, set as the cut-off date for determining voting eligibility.

Other Board Decisions

The Board of Directors has also:

Approved unaudited financial results for Q1
Recommended approval for related party transactions with Career Point Edutech Limited and Career Point University, Hamirpur
Considered and approved the draft Directors Report and Secretarial Audit Report for the year ended March 31, 2025

These developments mark a period of significant change for Shricon Industries as it navigates through financial challenges while strengthening its leadership and governance structures.