Group CFO resigns effective November 16, 2026; board approves Q2 and H1 results
Executive Director & Group CFO Anand H. Sharma resigned effective close of business on November 16, 2026, as he is unable to relocate to the Bhavnagar headquarters.
By ScoutQuest · · 2 min read
- H1 Consolidated Revenue
- Rs. 537.87 crore
- H1 Consolidated Profit
- Rs. 61.06 crore
- CFO Resignation Effective Date
- close of business on November 16, 2026
Two things came out of the board meeting held on November 04, 2026: the unaudited results for the quarter and half year ended September 30, 2026, and the resignation of the Executive Director and Group Chief Financial Officer.
The results in numbers
- Consolidated revenue from operations for the quarter was Rs. 275.73 crore, compared with Rs. 240.67 crore in the same quarter a year earlier.
- Consolidated profit for the quarter was Rs. 29.01 crore, compared with Rs. 27.42 crore a year earlier.
- For the half year, consolidated revenue was Rs. 537.87 crore and profit Rs. 61.06 crore.
- On a standalone basis, revenue from operations for the quarter was Rs. 156.47 crore and profit Rs. 19.82 crore.
- Basic earnings per share for the quarter, on a consolidated basis, was Rs. 9.97.
- Consolidated total assets stood at Rs. 1,108.48 crore as at September 30, 2026.
The statutory auditors carried out a limited review of both the standalone and consolidated results and expressed an unmodified opinion. The company reports a single segment, Kitchen & Bath Products.
The CFO resignation
- Mr. Anand H. Sharma (DIN: 00255426), Executive Director and Group Chief Financial Officer, is a Key Managerial Person of the company.
- He tendered his resignation by email dated November 04, 2026, with effect from the close of business hours on November 16, 2026. The board took note of it at the meeting.
- Stated reason: as the company begins its next phase of growth under Carysil 2.0, the leadership team is required to be around the Chairman at the headquarters in Bhavnagar. Mr. Sharma is unable to relocate for personal reasons.
- The company stated that he has confirmed there are no other material reasons for his resignation.
- A copy of the resignation email with the detailed reasons will be submitted to the stock exchanges along with a further intimation when the resignation comes into effect.
Other points noted
- The trading window for designated persons of the company will re-open on Saturday, November 07, 2026.
The results show the headline revenue and profit figures for the quarter and half year, while the resignation is a change in the senior management team with a stated effective date of November 16, 2026.
Also from Carysil
Final monitoring agency report on QIP: utilisation in line with objects, no material deviation
4 Nov 2026
Board approves Sept 2026 quarter and half-year results; Executive Director & Group CFO resigns
4 Nov 2026
Consolidated results for the quarter ended 30-09-2026
4 Nov 2026
More numbers
- Consolidated revenue from operations, quarter ended Sep 30, 2026275.73 (Rs. in Crore)
- Consolidated profit for the quarter ended Sep 30, 202629.01 (Rs. in Crore)
- Consolidated revenue from operations, half year ended Sep 30, 2026537.87 (Rs. in Crore)
- Consolidated profit for the half year ended Sep 30, 202661.06 (Rs. in Crore)
- Standalone revenue from operations, quarter ended Sep 30, 2026156.47 (Rs. in Crore)
- Standalone profit for the quarter ended Sep 30, 202619.82 (Rs. in Crore)
- Consolidated total assets as at Sep 30, 20261,108.48 (Rs. in Crore)
- Basic earnings per share, consolidated, quarter ended Sep 30, 20269.97 (in Rs.)
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