Zenith Exports Limited has formally announced the appointment of two new Non-Executive Independent Directors through an official filing under Regulation 30 of the SEBI Listing Obligations and Disclosure Requirements Regulations, 2015. The appointments were approved by the Board of Directors on March 6, 2026, based on recommendations from the Nomination and Remuneration Committee.

New Director Appointments

The board approved the appointment of Mrs. Priyanka Poddar and Mr. Subhajeet Kar as Additional Directors in the category of Non-Executive, Independent Directors. Both appointments are effective from March 6, 2026, for five-year terms, subject to shareholder approval to be obtained within three months.

Director Profiles and Expertise

Mrs. Priyanka Poddar brings professional expertise as a highly qualified company secretary and board director with three years of experience in leading organizations. Her attention to detail has helped companies maximize investments, reduce spending, and increase efficiency, along with strong knowledge of governing bylaws and company procedures.

Mr. Subhajeet Kar contributes extensive experience as a Senior Finance & Commercial Leader with over 26 years across multinational, public-sector, and technology-driven organizations in India, APAC, MEA, and OECD markets. He has led businesses worth over ₹1,500 crores, served as Managing Director of an international subsidiary, and directed USD 50 million+ multi-country projects. His expertise spans profitability improvement, pricing strategy, order-to-cash governance, contract negotiation, and ERP-led transformation.

Regulatory Compliance and Independence

Both newly appointed directors have confirmed they meet independence criteria under the Companies Act, 2013, and SEBI Listing Regulations. The company has verified that neither director is related to the Promoter or Promoter Group and both fulfill the required independence criteria.

The appointments strengthen the board's governance structure and bring diverse expertise in corporate governance, finance, and commercial operations to support the company's strategic objectives.

Zenith Exports Limited, a prominent player in the textile and leather industry, has reported a significant improvement in its financial performance for the first quarter. The company's unaudited financial results, approved by the Board of Directors on August 12, showcase substantial growth in both revenue and profitability.

Financial Highlights

• Total income from operations increased by 8.9% to Rs. 1,892.00 lakhs, compared to Rs. 1,738.00 lakhs in the same quarter last year.
• Net profit after tax surged dramatically to Rs. 140.00 lakhs from Rs. 14.00 lakhs in the previous year's quarter, marking a tenfold increase.
• Earnings per share improved substantially to Rs. 2.59, up from Rs. 0.26 in the corresponding period.

Segment Performance

The Industrial Leather Hand Gloves/Made-ups segment remained the largest revenue contributor, accounting for 69.2% of total revenue at Rs. 1,239.00 lakhs. The company's diversified portfolio also includes:

• Silk Fabrics/Made-ups: Rs. 285.00 lakhs
• EOU-Silk Fabrics: Rs. 266.00 lakhs

Profitability Analysis

Zenith Exports demonstrated improved profitability across its segments:

Notably, the EOU-Silk Fabrics segment turned profitable compared to a loss in the previous quarter.

Balance Sheet Strength

As of June 30, Zenith Exports reported:

• Total assets of Rs. 10,125.00 lakhs
• Total liabilities of Rs. 1,725.00 lakhs
• Equity share capital remained stable at Rs. 540.00 lakhs

Corporate Governance

The Board of Directors has announced several key corporate governance measures:

1. The 43rd Annual General Meeting (AGM) is scheduled for September 24, to be held via video conferencing.
2. Mr. Vivek Mishra, a Practicing Company Secretary, has been appointed as the scrutinizer for the AGM.
3. The Board has approved the appointment of Mr. Rajkumar Loyalka as a consultant to the company.

Conclusion

Zenith Exports Limited's impressive Q1 results demonstrate the company's ability to drive growth and profitability. With a diverse product portfolio and improved segment performance, the company appears well-positioned for continued success in the coming quarters.

Investors and stakeholders can access the detailed financial results on the company's website and the stock exchange portals for further information.