Uniroyal Marine Exports Limited , a company listed on the Bombay Stock Exchange (BSE), has announced a change in its board composition. Mr. Mohanlal Viswanathan Nair, holding the Director Identification Number (DIN) 00149939, has tendered his resignation from the Board of Directors, citing personal reasons.

Key Details of the Resignation

Impact and Compliance

The company has informed the BSE about this development, adhering to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This disclosure ensures transparency and keeps shareholders and potential investors informed about changes in the company's leadership structure.

Mr. Nair has stated that there are no material reasons for his resignation other than personal circumstances mentioned in his resignation letter. This declaration assures stakeholders that the resignation is not due to any undisclosed issues within the company or its operations.

Looking Ahead

Uniroyal Marine Exports Limited has not provided any immediate information regarding a replacement or the potential effects of this change on the company's operations or governance.

Uniroyal Marine Exports Limited has announced its unaudited financial results for the quarter and six months ended September 30, 2025. The company, which primarily operates in processing and exporting marine products, reported a mixed financial performance for the period.

Financial Highlights

Key Observations

1. Revenue Performance: The company's revenue from operations for Q2 FY2026 stood at ₹456.38 lakhs, showing a decrease compared to ₹537.25 lakhs in the same quarter of the previous year. However, the half-yearly revenue increased to ₹944.48 lakhs from ₹851.57 lakhs in the corresponding period of the previous year.

2. Profitability: Uniroyal Marine Exports reported a profit before tax of ₹15.15 lakhs in Q2 FY2026, a significant improvement from a loss of ₹28.57 lakhs in Q2 FY2025. The half-yearly profit before tax also turned positive at ₹22.01 lakhs, compared to a loss of ₹97.63 lakhs in H1 FY2025.

3. Earnings Per Share: The basic earnings per share for Q2 FY2026 was ₹0.23, up from a loss per share of ₹0.44 in the same quarter of the previous year.

Land Sale Approval

In a significant development, the company's shareholders have approved the sale of 180 cents of land with a building in an open bid process. The approval was granted during an Extraordinary General Meeting held on July 31, 2025. The land, situated at Sy. No. 11/19 Chamancheri Vengalam, Calicut - 673 303, will be sold with the condition that the successful bidder must lease the building back to the company.

This strategic move may have implications for the company's future operations and financial position. The outcome of this transaction will be known once the bidding process is completed.

Management Commentary

Anush K Thomas, Managing Director of Uniroyal Marine Exports Limited, stated in the financial results document, "The company's performance shows signs of improvement with a return to profitability in the current quarter and half-year. We are cautiously optimistic about our future prospects and continue to focus on operational efficiency."

Auditor's Review

BS & Associates, the company's statutory auditors, conducted a limited review of the financial results. They reported that nothing has come to their attention that causes them to believe that the financial statements are not prepared in accordance with applicable accounting standards and SEBI regulations.

Investors and stakeholders should note that the company's ability to continue as a going concern is based on the outcome of the land sale and subsequent lease arrangement. The management and auditors are closely monitoring this situation.

As Uniroyal Marine Exports navigates through these strategic changes and market conditions, stakeholders will be watching closely for the impact on the company's future financial performance and operational stability.