Technojet Consultants Limited has announced key changes in its management structure following a Board of Directors meeting held on January 30, 2026. The company has informed BSE Limited about the resignation and appointment of Key Managerial Personnel under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

Management Transition Details

The Board meeting, which commenced at 3.30 p.m. and concluded at 4.00 p.m., addressed two significant personnel changes. Ms. Mahak Saraf has resigned from her position as Company Secretary, Compliance Officer and Chief Financial Officer, while Ms. Bhumika Ojha has been appointed as her replacement.

Resignation of Ms. Mahak Saraf

Ms. Mahak Saraf tendered her resignation from the position of Company Secretary, Compliance Officer and Chief Financial Officer to pursue alternate career opportunities outside the organization. Her resignation became effective from the close of business hours on January 30, 2026. The resignation letter, dated October 17, 2025, requested relief from responsibilities upon completion of the necessary three-month notice period.

Appointment of Ms. Bhumika Ojha

The Board approved Ms. Bhumika Ojha's appointment based on recommendations from the Nomination and Remuneration Committee and approval from the Audit Committee. Ms. Ojha has been authorized for determining materiality of events or information and making disclosures to the stock exchange.

Regulatory Compliance

The announcement was made pursuant to Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The company provided comprehensive information as required under Part A, Para A of Schedule III of the SEBI Listing Regulations, including detailed particulars about both the resignation and appointment.

The transition ensures continuity in the company's compliance and financial management functions, with Ms. Ojha bringing relevant experience in company law matters and listing regulations to support the organization's regulatory requirements.

Technojet Consultants Limited , a Mumbai-based company, has reported a significant downturn in its financial performance for the first quarter. The company's unaudited financial results, approved by the Board of Directors on August 11, reveal a stark contrast to its previous quarter's performance.

Financial Highlights

• Net Loss: Technojet Consultants posted a net loss of ₹1.97 crore, a sharp decline from the profit of ₹10.05 crore in the previous quarter.
• Revenue: The company recorded no revenue from operations, compared to ₹12.00 crore in the previous quarter.
• Total Income: Total income plummeted to ₹0.62 crore from ₹2.50 crore in the previous quarter, consisting entirely of other income.
• Expenses: Total expenses saw a slight increase to ₹2.59 crore from ₹2.49 crore in the previous quarter.
• Employee Benefits: Employee benefits expense more than doubled to ₹0.43 crore from ₹0.20 crore.
• Earnings Per Share (EPS): The EPS turned negative at ₹(0.99) compared to ₹5.03 in the previous quarter.

Detailed Financial Overview

Management Commentary

The company's management has not provided specific comments on the reasons behind the significant drop in revenue and the resulting loss. However, the financial results indicate a challenging quarter for Technojet Consultants, with a complete halt in operational revenue.

Board Meeting Details

The Board of Directors meeting, which approved these unaudited financial results, was held on August 11. The meeting commenced at 4:30 p.m. and concluded at 5:00 p.m., as disclosed in the company's filing to the BSE Limited.

Auditor's Review

Kalyaniwalla & Mistry LLP, the company's chartered accountants, conducted a limited review of the financial results. They stated that nothing has come to their attention that causes them to believe that the financial statement does not give a true and fair view in accordance with applicable accounting standards and other recognized accounting practices and policies.

Investors and stakeholders will be keenly watching Technojet Consultants' performance in the coming quarters to see if the company can reverse this downtrend and return to profitability. The dramatic shift from a profitable previous quarter to a loss-making quarter, coupled with zero operational revenue, raises questions about the company's operational challenges and future strategies.