Duroply Industries Limited held a Board of Directors meeting on August 12, 2026, from 12:00 PM to 4:30 PM, where several key decisions were made and financial results were approved.

Financial Results for Quarter Ended June 30, 2026

The Board approved the unaudited financial results for Q1 FY27:

  • Revenue from operations: ₹9,961.42 lakhs (compared to ₹9,353.90 lakhs in Q1 FY26)
  • Other income: ₹42.71 lakhs
  • Total income: ₹10,004.13 lakhs
  • Profit before tax: ₹104.05 lakhs
  • Tax expense: ₹43.25 lakhs (Current tax: ₹5.44 lakhs, Deferred tax: ₹37.81 lakhs)
  • Net profit after tax: ₹60.80 lakhs
  • Other comprehensive income: (₹13.50) lakhs
  • Total comprehensive income: ₹47.30 lakhs
  • Basic EPS: ₹0.56
  • Diluted EPS: ₹0.56

Comparative figures:

  • Q4 FY26: Net loss of ₹245.19 lakhs
  • Q1 FY26: Net profit of ₹154.85 lakhs
  • Full year FY26: Net profit of ₹293.74 lakhs

Management Appointments

The Board approved two key appointments based on recommendations from the Nomination & Remuneration Committee and Audit Committee:

1. Mr. Shashank Hissaria appointed as Chief Financial Officer effective August 12, 2026, in addition to his existing role as President-Operations. He has been with Duroply for over three decades with extensive experience in operational, functional and financial management across commercial, manufacturing, supply chain, and business operations.

2. Mr. Karan Ahuja appointed as Senior Management Personnel effective August 12, 2026. He serves as Deputy General Manager-Marketing with over 15 years of experience in strategic marketing, brand management, digital transformation, public relations, channel engagement and customer experience.

Committee Composition Change

The Nomination and Remuneration Committee was reconstituted with the following members:

  • Mr. Kulvin Suri (DIN: 03640464) - Non-Executive Independent Director, Chairman
  • Mr. Vinay Agarwal (DIN: 06431086) - Non-Executive Non-Independent Director, Member
  • Ms. Suparna Chakrabortti (DIN: 07090308) - Non-Executive Independent Director, Member
  • Mr. Shivram Sethuraman (DIN: 07946245) - Non-Executive Independent Director, Member

Auditor's Review and Emphasis of Matter

M/s. S K Agrawal and Co Chartered Accountants LLP conducted a limited review of the financial results and issued an unmodified conclusion. They emphasized Note 6 regarding an advance of ₹226.76 lakhs recoverable from a company that is presently under litigation. No interest has been charged on this outstanding balance during the period. Based on management's assessment, the amount is considered recoverable and accordingly, no provision towards impairment/expected credit loss has been recognized.

Additional Information

  • Paid up equity share capital: ₹1,085.11 lakhs (Face value ₹10 per share)
  • The company has a single reportable segment
  • Figures for previous periods have been re-classified/re-grouped where required