Responsive Industries Ltd. (RESPONIND) — Tipsheet

Responsive Industries chairperson quits. No successor named.

Tipsheet Editorial — Tue, 26 May 2026 14:49:13 GMT

Rishabh Agarwal resigned as chairperson and non-executive director on May 26 for personal reasons. The small-cap PVC maker has already seen profit fall 25%.

What’s new

Rishabh Agarwal resigned as chairperson and non-executive director, effective May 26.
He cited 'personal reasons' and confirmed no disputes or material issues.
The filing contains no name for a successor.

Why it matters

Losing a chairperson without a named replacement is a governance gap for any company. For Responsive Industries, it coincides with a 25% profit decline, adding leadership uncertainty to financial pressure.

What we’re watching

The board's appointment of a new chairperson.
Whether Agarwal's exit triggers any other board changes.
The next quarterly results to see if the profit decline stabilizes.

The full read

Rishabh Agarwal quit as chairperson of Responsive Industries on May 26, citing only 'personal reasons'. He confirmed no disputes. His exit is a governance event for the small-cap PVC maker, whose profit has already fallen 25%. The non-executive nature of the role limits direct operational impact, but the departure leaves a leadership vacuum. The filing includes no successor. For a company dealing with both a profit decline and a board-level exit, the next step is a board appointment.

Primary source: BSE · NSE

Responsive Industries' profit drops 25% as PVC margins erode

Tipsheet Editorial — Tue, 26 May 2026 14:37:27 GMT

Consolidated net profit fell to ₹148.4 cr even as revenue held steady at ₹1,394 cr. Standalone profit fell 55%.

What’s new

Consolidated net profit fell 25% to ₹148.4 cr on flat ₹1,394 cr revenue.
Standalone profit fell 55% to ₹14.1 cr, with Q4 standalone profit at ₹1.9 cr, down 65% year-on-year.
Board recommended a final dividend of 10 paise per share, unchanged.

Why it matters

The headline numbers confirm that margin pressure in Responsive's core PVC business isn't fading. Profit shrank 25% even though revenue was flat, meaning costs or pricing moved the wrong way. The 65% drop in standalone Q4 profit signals the deterioration accelerated in the final quarter.

What we’re watching

Management commentary on PVC input costs and pricing power.
Whether the Q4 standalone deterioration carries into FY27.
Any signal on capacity utilisation or volume trends to offset margin squeeze.

The full read

Responsive Industries' FY26 audited results lay the damage bare. Consolidated profit fell 25% to ₹148.4 crore while revenue barely moved at ₹1,394 crore. That spread tells the story: costs rose or prices fell, and the bottom line absorbed the hit. Standalone results were worse. Full-year standalone profit fell 55% to ₹14.1 crore, and the Q4 standalone figure of ₹1.9 crore represented a 65% year-on-year drop. The quarter was worse than the year, which means the squeeze accelerated. The board stuck with the 10 paise final dividend, offering no growth to compensate. This is a company whose core PVC business is compressing margins with no visible relief in the top line.

Primary source: BSE · NSE

Responsive Industries profit drops 25% as PVC margins compress

Tipsheet Editorial — Tue, 26 May 2026 14:30:05 GMT

Consolidated net profit fell to ₹148.4 crore on flat revenue. Standalone profit was hit harder, down 56%.

What’s new

Consolidated net profit fell 25.4% to ₹148.4 crore; standalone profit dropped 56% to ₹14.1 crore.
Standalone Q4 profit plunged 65% YoY.
Consolidated revenue was flat at ₹1,394 crore. Board maintained a 10-paise final dividend.

Why it matters

This is a margin story, not a demand story. Revenue held flat, so the entire profit decline came from cost pressures in the core PVC business. The standalone entity is absorbing the worst of it, suggesting the group's other operations are providing a partial, but limited, buffer.

What we’re watching

Whether PVC raw material costs ease in H1 FY27 to relieve margin pressure.
If standalone weakness persists into Q1 FY27 or stabilises.
Any shift in the product mix to higher-margin segments.

The full read

Responsive Industries delivered a rough year. Consolidated net profit fell 25.4% to ₹148.4 crore even as revenue held nearly flat at ₹1,394 crore. The hit came entirely from margin compression in the core PVC-products business. Standalone results were far worse: profit fell 56% to ₹14.1 crore, with the Q4 standalone result down 65% YoY. The widening gap between standalone and consolidated performance shows the group's other segments are softening the blow, but not by much when there's no top-line growth to offset the squeeze. The board kept the final dividend at ₹0.10 per share. Auditors signed off on both sets of books with an unmodified opinion. The flat revenue and shrinking margins are the story here.

Primary source: BSE · NSE