Vinit Kumar appointed Managing Director for 5 years; Bhairavi Goswami re-designated Whole time Director
Board approved: Mr. Vinit Kumar appointed Additional (Managing) Director for 5 years (2 Nov 2026 to 1 Nov 2031), subject to shareholder approval; Ms. Bhairavi Chandrakant Goswami re-designated Whole time Director.
By ScoutQuest · · 3 min read
- Q2 Total Revenue
- Rs. 44.55 lacs
- Q2 Profit
- Rs. 24.21 lacs
- MD Appointment Term
- 5 years (2 Nov 2026 to 1 Nov 2031), subject to shareholder approval
Two changes at the top
The board of the company met on 2nd November 2026 and approved two leadership changes, both on the recommendation of the Nomination and Remuneration Committee.
- Mr. Vinit Kumar (DIN 01886607) has been appointed as an Additional Director in the capacity of Managing Director for a term of 5 consecutive years, effective November 2, 2026 till November 1, 2031 (both days inclusive). He is liable to retire by rotation, and the appointment is subject to the approval of the shareholders.
- Ms. Bhairavi Chandrakant Goswami (DIN 00576641) has been re-designated as Whole time Director for the remaining term of her tenure, up to 3rd August 2030, on the same terms and conditions.
Who is who
- The update discloses that Mr. Vinit Kumar is the spouse of Ms. Bhairavi Chandrakant Goswami, who is an executive director of the company.
- Mr. Kumar is described as a first-generation entrepreneur focused on technology-led ventures, chairman of the Indigo Group of Companies since January 1996, and founder of iMandi and other ventures.
- Ms. Goswami is described as the founder of Bhairavi World and as editor and publisher at Indigo World.
- For both, the update states there is no director shareholding in the Company, and affirms that neither is debarred from holding the office of director.
Committees reconstituted
- Audit Committee: Mr. Narendra Kumar Verma (Chairman), Mr. Vijay Kumar and Mr. Vinit Kumar as members.
- Nomination and Remuneration Committee: Mr. Narendra Kumar Verma (Chairman), Mr. Vijaykumar, Mr. Chandan Prajapati and Mr. Vinit Kumar.
- Stakeholders Relationship Committee: Mr. Vinit Kumar (Chairperson), Mr. Chandan Hiralal Prajapati and Mr. Narendra Kumar Verma.
Numbers for the quarter and half year
The board also approved the standalone unaudited financial results with the limited review report for the quarter and half year ended 30th September 2026. Figures are as printed, in Rs. in Lacs:
- Revenue from operations for the quarter: 5.72
- Total revenue for the quarter: 44.55, against 1.55 in the same quarter a year earlier
- Profit for the period for the quarter: 24.21
- Profit for the period for the half year: 43.01
- Total revenue for the year ended 31st March 2026 (audited): 131.45
- Basic and diluted earnings per share for the quarter: 0.54
Two other items
- The registered office of the company is being shifted to Girgaon, Mumbai.
- The company also informed the exchanges of the contact details of its key managerial personnel — the Managing Director, the Chief Financial Officer and the Company Secretary — for material-event and disclosure purposes.
What a retail reader can take away
A Managing Director appointed for a fixed five-year term settles who runs the company day to day, and the re-designation keeps the other executive director in a whole-time role. The figures above help judge the scale of the business for the quarter and half year. The Managing Director's appointment becomes final after shareholder approval, as stated in the update.
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More numbers
- Term of appointment of Managing Director5
- Total revenue, quarter ended 30-09-2026 (Rs. in Lacs)44.55
- Revenue from operations, quarter ended 30-09-2026 (Rs. in Lacs)5.72
- Profit for the period, quarter ended 30-09-2026 (Rs. in Lacs)24.21
- Profit for the period, half year ended 30-09-2026 (Rs. in Lacs)43.01
- Total revenue, quarter ended 30-09-2025 (Rs. in Lacs)1.55
- Total revenue, year ended 31-03-2026, audited (Rs. in Lacs)131.45
- Basic and diluted earnings per share, quarter (Rs.)0.54
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