Finolex Industries Limited — Others, 02-08-2025: Change in Management

The company's Board has approved the financial results for the quarter ended June 30, 2025, reporting revenue of 1,043.15 Cr and standalone profit of 96.93 Cr (consolidated 98.16 Cr). The results include a substantial 416.99 Cr exceptional gain from a land rights transfer. Major leadership changes are underway: Mr. Saurabh Dhanorkar steps down as MD on October 25, 2025. Mr. Udipt Agarwal is appointed new Managing Director from November 1, 2025, following a committee's proposal. Mr. Rambabu Sanka joins as Director - Technical. An Independent Director and Mr. Saumya Chakrabarti also resigned. The 44th Annual General Meeting is set for September 12, 2025.