Finolex Industries Limited — Others, 02-08-2025: Appointment

The company's board meeting approved Q1 financial results, reporting standalone profit of 96.93 Cr and consolidated profit of 98.16 Cr. Notably, results include a 416.99 Cr exceptional gain from land rights transfer. Significant leadership changes are underway: following a committee's suggestion, Mr. Udipt Agarwal is appointed as the new Managing Director from November 1, 2025, succeeding Mr. Saurabh Dhanorkar due to his age. Mr. Rambabu Sanka joins as Director - Technical, replacing Mr. Saumya Chakrabarti. An independent director also resigned. The 44th Annual General Meeting is scheduled for September 12.