Leadership Changes and Q1 Results Reported by Rossell India Ltd
Rossell India Ltd provided an update on its board proceedings, announcing significant changes in its senior management structure, including the retirement of a long-serving director, and released the unaudited financial results for the first quarter ending June 30, 2026.The company’s Board held a meeting on August 7, 2026, which considered several key operational and human resource matters.
Financial Performance Snapshot (Q1 FY2026)
Rossell India Limited reported its unaudited standalone financial results for the quarter ended June 30, 2026. The company's turnover stood at Rs. 3,678 lakh in the current quarter, compared to Rs. 4,358 lakh in the same quarter of the previous year.The financials are presented below (amounts are in lakhs):
| Particulars | Quarter Ended June 30, 2026 (Unaudited) | Quarter Ended March 31, 2026 (Audited) | Quarter Ended June 30, 2025 (Unaudited) | Year Ended March 31, 2026 (Audited) |
|---|---|---|---|---|
| Total Revenue from Operation | 3,678 | 1,658 | 4,358 | 22,620 |
| Other Income | 142 | 35 | 200 | 479 |
| Total Income | 3,820 | 1,693 | 4,558 | 23,099 |
| Total Operating Expenses | 3,021 | 4,132 | 3,287 | 20,128 |
| Profit before Finance Cost, Depreciation and Tax | 799 | (2,439) | 1,271 | 2,971 |
| Profit for the Period (before Tax) | 536 | (2,650) | 886 | 1,750 |
The results also showed a Total Comprehensive Income of 358 lakh for the quarter ended June 30, 2026.
Senior Management Appointments and Cessation
The Board meeting addressed multiple high-level personnel changes effective September 1, 2026.Retirement of Mr. Nirmal Kumar Khurana:
Mr. Nirmal Kumar Khurana, a Whole Time Director, is retiring from the company as he attained the age of superannuation in accordance with company policy. He has served the company for 32 years. Effective September 1, 2026, Mr. Khurana will cease to hold the positions of Chief Financial Officer, Company Secretary, and Compliance Officer.
Appointment of CFO and CS/Compliance Officer:
In response to this transition, two key appointments were made:
- Chief Financial Officer (CFO): Mr. Raunak Rathi was appointed as the Chief Financial Officer, effective September 1, 2026. Mr. Rathi is a qualified Chartered Accountant with over 28 years of experience in the tea industry, having held senior management roles at various companies including Asian Tea Group and Apeejay Tea Limited.
- Company Secretary and Compliance Officer: Mr. Manish Shaw was appointed as the Company Secretary and Compliance Officer, effective September 1, 2026. Mr. Shaw is a member of the Institute of Company Secretaries of India (ICSI) with over 10 years of experience in corporate governance and secretarial compliance.
Committee Reconstitution
Due to the retirement of Mr. Nirmal Kumar Khurana, the Board approved the re-constitution of both the Stakeholders Relationship Committee and the Corporate Social Responsibility Committee, effective August 26, 2026. Ms. Nayantara Palchoudhuri will continue as the Chairperson for both committees.The details of the members appointed to the reconstituted committees are as follows:
| Committee | Member Name | Category |
|---|---|---|
| Stakeholders Relationship Committee | Ms. Nayantara Palchoudhuri | Non-Executive Independent Director (Chairperson) |
| Stakeholders Relationship Committee | Mr. Krishan Katyal | Non-Executive Independent Director (Member) |
| Stakeholders Relationship Committee | Mr. Digant Mahesh Parikh | Whole Time Director (Member) |
Corporate Social Responsibility Committee:
The committee includes Ms. Nayantara Palchoudhuri as the Chairperson, alongside Mr. Rahul Bhatnagar and Ms. Samara Gupta as members.
ROSSELLIND Stock Price Movement
Shares of Rossell India Limited are gaining ground, trading at ₹55.69 as of 3:18 PM after the stock advanced by 1.35%. The momentum continues in the live market session, with 25,648 shares traded so far.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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