CFO resigns; Vibha Thakkar appointed CFO from October 31, 2026; Q2 and H1 results approved
Board meeting on October 28, 2026 approved the unaudited standalone and consolidated results for the quarter and half year ended September 30, 2026.
By ScoutQuest · · 2 min read
- Standalone Q2 PAT
- Rs. 6,375.29 lakhs
- Standalone Q2 Revenue from Operations
- Rs. 61,258.69 lakhs
- CFO Transition Dates
- Outgoing CFO relieved close of business hours October 30, 2026; new CFO effective October 31, 2026
Board meeting outcome
The board met on October 28, 2026 and approved, among other items, the unaudited standalone and consolidated financial results for the quarter and half year ended September 30, 2026, together with the limited review reports of the statutory auditors.
CFO transition
- Piyush Lakhani has resigned as Chief Financial Officer and Key Managerial Personnel to pursue an alternate career opportunity outside the organisation, and will be relieved from the services of the company with effect from the close of business hours on October 30, 2026.
- Vibha Thakkar has been appointed Chief Financial Officer and Key Managerial Personnel with effect from October 31, 2026, on the recommendation of the Nomination and Remuneration Committee and the Audit Committee.
- She is a qualified Chartered Accountant from the Institute of Chartered Accountants of India, has worked across finance functions in specialty chemicals, FMCG, automotive, pharmaceuticals and Big4 consulting, and most recently served as AVP-Finance & Accounts at NOCIL Limited. She earlier held senior finance roles at VIP Industries Limited, Greaves Cotton Limited, Sandoz Private Limited and KPMG, holds a Bachelors Degree in Commerce and has completed the General Management Program from the Indian School of Business (ISB).
Numbers for the quarter, standalone
- Revenue from operations was Rs. 61,258.69 lakhs for the quarter ended September 30, 2026, and Rs. 1,14,787.47 lakhs for the half year.
- Profit after tax was Rs. 6,375.29 lakhs for the quarter and Rs. 13,706.46 lakhs for the half year.
Auditor's emphasis of matter
- An order dated 29 August 2026 of the Collector and Additional Superintendent of Stamps, Gandhinagar determines stamp duty of Rs. 2,500.00 lakhs and levies penalties of Rs. 3,450.00 lakhs under the Gujarat Stamp Act, 1958, on the National Company Law Tribunal order sanctioning the scheme under which the pharmaceutical undertaking of Aarti Industries Limited was demerged into the company.
- The company has recognised a provision of Rs. 204.00 lakhs, presented as an exceptional item, and has disclosed the balance of Rs. 5,746.00 lakhs as a contingent liability. It has challenged the order by a writ petition before the High Court of Gujarat, which is pending.
What this means for a retail reader
- The CFO change is a transition at the top of the finance function, with the successor named in the same disclosure and taking charge from the day after the outgoing CFO is relieved.
- The stamp duty matter is before a court; the amount provided in the accounts is much smaller than the contingent liability disclosed, so the outcome of the petition is the item to track.
Also from Aarti Pharmalabs
Q2 FY27: net profit Rs. 6,575.29 lakhs; CFO resignation and new CFO appointed
28 Oct 2026
Piyush Lakhani resigns as CFO, Vibha Thakkar appointed; Q2 net profit Rs. 6,355.29 lakhs
28 Oct 2026
Board approves Sept-quarter results and CFO change; auditor Emphasis of Matter on stamp duty
28 Oct 2026
More numbers
- Revenue from operations, Q2 standalone61,258.69 (Rs in lakhs)
- Profit after tax, Q2 standalone6,375.29 (Rs in lakhs)
- Revenue from operations, half year standalone1,14,787.47 (Rs in lakhs)
- Profit after tax, half year standalone13,706.46 (Rs in lakhs)
- Stamp duty determined by stamps authorityRs. 2,500.00 lakhs
- Penalties levied by stamps authorityRs. 3,450.00 lakhs
- Provision recognised as exceptional itemRs. 204.00 lakhs
- Balance disclosed as contingent liabilityRs. 5,746.00 lakhs
Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.