Kusumgar Appoints Ratan Jha as CFO, Approves Q1 FY27 Unaudited Financial Results
Kusumgar Limited appointed Ratan Jha as CFO, effective August 11, 2026. The company also approved its unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Standalone profit after tax was ₹408.61 million, and consolidated profit after tax was ₹426.47 million. Mr. Jha has over 18 years of finance experience.
The appointment of a new CFO is a material change in key management. The financial results are routine for a listed company, but the positive outlook from the appointment and clean audit opinion contribute to a medium impact.
The appointment of a new CFO with extensive experience is a positive development. The approval of financial results with an unmodified opinion also indicates a stable financial situation.
Kusumgar Limited announced a significant change in its Key Managerial Personnel with the appointment of Mr. Ratan Jha as the Chief Financial Officer (CFO), effective August 11, 2026. This appointment was recommended by the Nomination and Remuneration Committee and the Audit Committee.
Furthermore, the Board of Directors, based on the Audit Committee's recommendation, approved the Unaudited Standalone and Consolidated Financial Results for the quarter ended June 30, 2026. The results were accompanied by a Limited Review Report with an unmodified opinion. The Board meeting commenced at 12:55 p.m. and concluded at 1:56 p.m. on August 11, 2026.
Mr. Ratan Jha brings over 18 years of extensive experience in finance, holding a Master of Commerce from Mumbai University and a qualification as a Chartered Accountant from ICAI. He also completed an Executive Education program at IIM Calcutta. His prior roles include significant positions at Prabhudas Lilladher, Shree Pushkar Chemicals & Fertilisers Limited, and Epsilon Carbon Private Limited. His expertise spans IPOs, financial planning, digital transformation, taxation, internal audit, treasury, and ensuring regulatory compliance.
The financial results for the quarter ended June 30, 2026, show standalone revenue from operations of ₹2,419.12 million and a profit after tax of ₹408.61 million. For the consolidated results, revenue from operations was ₹2,472.47 million, with a profit after tax of ₹426.47 million. The company's shares were listed on the BSE and NSE on July 15, 2026, making this the first quarterly results submission post-listing. The company also noted the incorporation of a new wholly owned subsidiary, Kusumgar Aerospace Private Limited (KAPL), on April 8, 2026.
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Kusumgar Limited filed this with the NSE as a statutory disclosure, categorised under key management changes. It is a primary document, not a recommendation, and the desk marks it medium impact: worth reading, rarely worth acting on by itself.
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See the model portfoliosA plain-language summary of a public exchange filing by Kusumgar Limited. Read the original for the full detail.