Uniroyal Marine Exports Reshuffles Board with New Appointments and Resignation

Uniroyal Marine Exports Limited , a company listed on the Bombay Stock Exchange (BSE: 526113), has announced significant changes to its Board of Directors. The company's Board meeting on October 27, 2025, resulted in new appointments and a resignation, signaling a shift in its leadership structure.

Key Board Changes

Position	Name	Change	Effective Date	Term
Non-Executive Independent Director	Mr. Ganesh Mohan	Appointment	October 31, 2025	5 years (till October 30, 2030)
Non-Executive Independent Director & Chairman	Mr. Sachu Rajan Eapen	Re-appointment	October 31, 2025	5 years (till October 30, 2030)
Non-Executive Independent Director	Mr. Ambrish Naresh Sampat	Resignation	October 31, 2025	N/A

New Appointment: Mr. Ganesh Mohan

Mr. Ganesh Mohan brings valuable expertise to the Board, particularly in:

Managing key investor relationships
Developing strategic partnerships
Distribution of multi-brand products

His appointment is subject to shareholder approval, which will be sought through a postal ballot process.

Re-appointment: Mr. Sachu Rajan Eapen

Mr. Eapen, the current Chairman, has been re-appointed for a second term. His profile includes:

Dynamic and result-oriented leadership style
Extensive exposure to various facets of business operations
Strong academic credentials and practical experience
Expertise in Financial Management, Portfolio Management, and Blue Metal Quarry Operations

Resignation: Mr. Ambrish Naresh Sampat

Mr. Sampat has stepped down from his role as Non-Executive Independent Director due to personal reasons. His resignation will be effective from the close of business hours on October 31, 2025.

Implications for Shareholders

These board changes may potentially influence the company's strategic direction and governance. Shareholders will have the opportunity to vote on the new appointments through the upcoming postal ballot, allowing them to have a say in the company's leadership composition.

Uniroyal Marine Exports Limited has assured that none of the appointed or re-appointed directors are debarred from holding office by any SEBI order or other appropriate authority, maintaining compliance with regulatory requirements.

As the company moves forward with these changes, investors and stakeholders will likely be watching closely to see how the new board composition might impact the company's future strategies and performance in the marine exports sector.

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Uniroyal Marine Exports Limited, a leading marine products exporter, has announced its unaudited financial results for the first quarter ended June 30, 2025. The company faced challenges during the quarter, reporting a significant decline in both revenue and profit compared to the previous quarter.

Financial Performance

The company's revenue from operations for Q1 FY2026 stood at ₹455.02 crores, marking a substantial decrease from ₹621.71 crores in the previous quarter. However, when compared to the same quarter last year (₹314.32 crores), the company showed a year-on-year growth in revenue.

Uniroyal Marine Exports reported a total revenue of ₹490.28 crores, including other income of ₹35.26 crores. The company's net profit for the quarter was ₹2.48 crores, significantly lower than the ₹105.97 crores reported in the previous quarter.

Key Financial Metrics

Particulars (in ₹ crores)	Q1 FY2026	Q4 FY2025	Q1 FY2025
Revenue from Operations	455.02	621.71	314.32
Total Revenue	490.28	626.66	404.81
Net Profit	2.48	105.97	-66.39
EPS (Basic & Diluted)	0.00	0.18	-1.02

The company's earnings per share (EPS) for the quarter stood at ₹0.00 on both basic and diluted basis, compared to ₹0.18 in the previous quarter and ₹-1.02 in the same quarter last year.

Operational Highlights

Uniroyal Marine Exports' operations primarily involve processing and exporting marine products. The financial results indicate a challenging quarter, with a significant drop in profitability despite maintaining revenue above the year-ago levels.

Strategic Developments

In a significant move, the company held an Extraordinary General Meeting on July 31, 2025, where shareholders approved the sale of 180 cents of land with a building through open bidding. The approval comes with a condition that the successful bidder must lease the building back to the company. This decision could have important implications for the company's future operations and financial position.

Auditor's Note

The company's auditor, BSJ & Associates, has highlighted that Uniroyal Marine Exports' status as a going concern depends on the outcome of the land sale bid. This underscores the importance of the upcoming land sale transaction for the company's future.

Looking Ahead

As Uniroyal Marine Exports navigates through a challenging period, the company's performance in the coming quarters will be closely watched by investors and stakeholders. The outcome of the land sale bid and its impact on the company's operations will be crucial factors in determining its future trajectory.

Investors and market observers will be keenly following the company's strategic moves and financial performance in the subsequent quarters, especially in light of the recent approval for the land sale and its potential impact on the company's operations and balance sheet.