Unijolly Investments Co announced today that its Company Secretary and Compliance Officer, Mehul Shamajibhai Suthar, has tendered his resignation, effective September 8, 2025. The company has accepted Suthar's resignation, which will be formally presented to the Board of Directors in their next meeting.

Reason for Resignation

Suthar, who had been serving in his role since March 1, 2024, cited his decision to transition into private practice within the Company Secretary profession. In his resignation letter, Suthar expressed his intention to obtain a Certificate of Practice (COP) from the Institute of Company Secretaries of India (ICSI). As per ICSI norms, resignation from employment is a prerequisite for applying for a COP.

Impact and Transition

The resignation will take effect at the close of business hours on September 8, 2025. Unijolly Investments Co has not yet announced a successor for the position of Company Secretary and Compliance Officer.

Corporate Governance Implications

This change in key managerial personnel comes under the purview of Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has duly informed the BSE Limited about this development, adhering to regulatory compliance requirements.

Company's Response

Krishna Babu Cherukuri, Director of Unijolly Investments Co, signed the official intimation to the BSE, confirming the company's acceptance of Suthar's resignation. The company expressed its intention to place a note regarding the resignation before the Board of Directors in the upcoming Board Meeting.

Unijolly Investments Co, with its registered office in Mumbai and administrative office in Hyderabad, will now be looking to fill this crucial position to ensure continued compliance with regulatory requirements and smooth corporate governance operations.

Unijolly Investments Co , a portfolio investment firm, has released its financial results for the first quarter, revealing a mixed performance with a notable increase in net loss but substantial gains in other comprehensive income.

Financial Performance

The company reported a net loss of Rs 39.37 lakhs for Q1, a significant increase from the Rs 2.15 lakhs loss recorded in the same quarter of the previous year. This widening of losses comes despite a marginal total revenue of Rs 0.21 lakhs, which consisted entirely of other income.

Expenses and Operational Challenges

Total expenses for the quarter rose to Rs 5.63 lakhs, up from Rs 4.76 lakhs year-over-year. The breakdown of expenses includes:

• Loss from operations: Rs 3.08 lakhs
• Employee benefits expense: Rs 0.81 lakhs
• Other expenses: Rs 1.74 lakhs

The increase in expenses, particularly the loss from operations, contributed significantly to the overall net loss for the quarter.

Other Comprehensive Income

Despite the operational loss, Unijolly Investments recorded a substantial other comprehensive income of Rs 213.72 lakhs. This led to a total comprehensive income of Rs 174.35 lakhs for the quarter, showcasing the company's ability to generate value through its investment portfolio despite operational challenges.

Earnings Per Share

The company's earnings per share (EPS) figures reflect the impact of both the operational loss and the significant other comprehensive income:

Company Overview

Unijolly Investments Company Limited operates solely in the portfolio investments sector. The company maintains a paid-up equity share capital of Rs 20 lakhs, with shares having a face value of Rs 10 each.

Board Meeting and Audit Review

The company's Board of Directors convened to approve the unaudited financial results for Q1. The meeting, which began at 11:05 AM and concluded at 11:35 AM, saw the review and approval of the financial statements.

Narasimha Rao and Associates, the company's independent auditors, conducted a limited review of the unaudited financial results. Their review found no material misstatements and confirmed that the financial information was prepared in accordance with applicable Indian Accounting Standards and SEBI regulations.

Outlook

While Unijolly Investments faces challenges in its operational performance, the significant other comprehensive income demonstrates the potential volatility and opportunities within the portfolio investment sector. Investors and stakeholders will likely keep a close eye on how the company manages its investment strategy and operational costs in the coming quarters.

Note: All figures are in Indian Rupees (INR) and lakhs, unless otherwise stated.