Zetwerk Manufacturing Businesses Limited announced the approval of its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. The Board also approved the appointment of Mr. Dhanraj Dagar as Company Secretary and Compliance Officer, effective November 14, 2026, and changes to the Articles of Association concerning board nomination rights.
Board Approves Financials and Key Appointments
Zetwerk Manufacturing Businesses Limited convened its Board of Directors meeting on November 13, 2026, to consider and approve several key corporate actions. The board gave its nod to the unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026. These results, along with the Limited Review Report from S.R. Batliboi & Associates LLP, have been submitted to the stock exchanges.
Leadership Changes and Governance Enhancements
In a significant governance move, the Board approved the appointment of Mr. Dhanraj Dagar as the Company Secretary and Compliance Officer, effective November 14, 2026. He replaces Ms. Mania Sarkar, who will transition to a different role within the company. The company also proposed an amendment to its Articles of Association to insert new Article 127A, which outlines board nomination rights for Promoter Directors and a nominee from Accel India V (Mauritius) Limited, subject to shareholder approval.
Financial Highlights
The unaudited financial results indicate a net loss for continuing operations. For the quarter ended September 30, 2026, the standalone net loss from continuing operations was ₹538.24 million, and the consolidated net loss from continuing operations was ₹538.24 million. The consolidated total comprehensive loss for the period was ₹910.44 million.
Details of Changes
The cessation of Ms. Mania Sarkar as Company Secretary and Compliance Officer is effective November 13, 2026, with her moving to new responsibilities within Zetwerk. Mr. Dhanraj Dagar brings over 14 years of experience in IPO management, corporate governance, and secretarial functions. The proposed amendment to the Articles of Association (Article 127A) details the rights of Promoter Directors and a nominee director from Accel India V (Mauritius) Limited, contingent on the company maintaining specific shareholding thresholds.
Source: BSE
