La Opala RG Limited CFO Alok Pandey to retire December 31
Key highlights
- La Opala RG CFO Alok Pandey will retire at the close of business on December 31, 2026.
- La Opala RG cited health issues for Pandey's retirement and said no other material reason was disclosed.
- September-quarter revenue from operations rose to Rs 101.3725 crore from Rs 90.9017 crore a year earlier.
- September-quarter profit for the period was Rs 25.2958 crore, compared with Rs 26.7797 crore a year earlier.
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La Opala RG Limited said Chief Financial Officer Alok Pandey will retire at the close of business on December 31, 2026, because of health issues, ending his roles as CFO and key managerial personnel. The board noted and accepted his November 13, 2026 retirement intimation during the meeting that also approved results for the quarter ended September 30, 2026.
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Why is La Opala RG's CFO leaving?
La Opala RG said Pandey is retiring because of health issues, effective from the close of business on December 31, 2026. His letter dated November 13, 2026 was placed before the board, which noted and accepted his intention to retire from the CFO position.
La Opala RG also said Pandey confirmed there was no other material reason for his retirement beyond the reason in his intimation letter. The disclosure was made under Regulation 30 of the Securities and Exchange Board of India Listing Obligations and Disclosure Requirements Regulations, 2015, on November 13, 2026.
The board placed on record its appreciation for Pandey's longstanding service, contributions and commitment when it considered the letter on November 13, 2026. The filing does not state the length of his service, a succession plan or an interim finance-leadership arrangement.
When will Alok Pandey stop being La Opala RG's CFO?
Pandey will cease to hold office as La Opala RG's CFO at the close of business on December 31, 2026. He will also cease to be a key managerial personnel from that same date, according to the November 13, 2026 announcement.
The board meeting that accepted the retirement communication began at 3:00 p.m. Indian Standard Time and concluded at 6:00 p.m. on November 13, 2026. La Opala RG did not identify a successor CFO in the announcement issued after that meeting.
The effective date provides a defined transition point at the end of 2026, rather than an immediate departure following the November 13 disclosure. Any appointment of a replacement or change to the finance leadership structure was not included in the filing.
What were La Opala RG's latest financial results?
La Opala RG reported revenue from operations of Rs 101.3725 crore for the quarter ended September 30, 2026, compared with Rs 90.9017 crore in the quarter ended September 30, 2025. Profit for the period was Rs 25.2958 crore, down from Rs 26.7797 crore a year earlier, while total expenses increased to Rs 71.8695 crore from Rs 62.1327 crore.
For the six months ended September 30, 2026, revenue from operations increased to Rs 172.7305 crore from Rs 156.1671 crore in the corresponding six months of 2025. Profit for the period was Rs 51.4957 crore, compared with Rs 52.1345 crore in the prior-year six-month period.
The sequential comparison showed revenue rising from Rs 71.358 crore in the quarter ended June 30, 2026 to Rs 101.3725 crore in the September quarter. Profit for the period, however, declined from Rs 26.1999 crore to Rs 25.2958 crore as other income fell from Rs 13.69 crore to Rs 4.0218 crore.
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Which costs changed in La Opala RG's September quarter?
La Opala RG's employee benefits expense rose to Rs 17.3458 crore in the quarter ended September 30, 2026 from Rs 14.8994 crore a year earlier. Other expenses increased to Rs 11.4496 crore from Rs 8.7618 crore over the same comparison, contributing to the rise in total expenses.
Cost of materials consumed was Rs 19.2789 crore in the September 2026 quarter, compared with Rs 17.4697 crore in the September 2025 quarter. Finance costs declined to Rs 1.1291 crore from Rs 1.277 crore, while depreciation and amortisation increased to Rs 5.4614 crore from Rs 5.133 crore.
Profit before tax was Rs 33.5248 crore for the September 2026 quarter, compared with Rs 35.1926 crore in the year-earlier quarter. For the six months ended September 30, 2026, profit before tax was Rs 66.8923 crore against Rs 67.3892 crore, while finance costs fell to Rs 2.0321 crore from Rs 2.4766 crore.
What business segment does La Opala RG report?
La Opala RG reports one operating segment, glass and glassware, under Indian Accounting Standard 108, Operating Segments. Its Rs 101.3725 crore of September-quarter revenue from operations and Rs 172.7305 crore of six-month revenue therefore sit within one reportable operating segment.
The unaudited results were reviewed by the audit committee and approved by the board on November 13, 2026. Statutory auditor Singhi & Co., Chartered Accountants, conducted a limited review of the results for the quarter and six months ended September 30, 2026.
The financial statements were prepared under Indian Accounting Standards, including Indian Accounting Standard 34 for interim financial reporting, as stated in the review report. La Opala RG also said prior-period figures had been regrouped or reclassified where necessary to conform to the current-period classification.
Conclusion
La Opala RG disclosed a defined finance leadership change alongside its September 2026 results: Pandey will leave the CFO and key managerial personnel roles at the close of business on December 31, 2026, citing health issues and confirming no other material reason. The company reported Rs 101.3725 crore of quarterly revenue, up year on year, while profit for the period declined to Rs 25.2958 crore.
The next disclosed milestone is December 31, 2026, when the retirement becomes effective. La Opala RG's November 13, 2026 filing did not name a successor, making any subsequent board decision on a new CFO or interim finance arrangement the next leadership disclosure to watch.