Board approves increase in authorised share capital to Rs. 121,00,00,000; CFO Jhalani to be Deputy MD

Board approved raising authorised share capital from Rs. 108,50,00,000 to Rs. 121,00,00,000, by lifting the equity share ceiling from 5,50,00,000 to 11,75,00,000 shares of Rs. 2 each; preference shares stay at 9,75,00,000 of Rs. 10 each.

Sat 3 Oct 2026

Authorised Share Capital

Raised from Rs. 108,50,00,000 to Rs. 121,00,00,000

Equity Share Ceiling

Lifted from 5,50,00,000 to 11,75,00,000 shares of Rs. 2 each

Preference Shares (unchanged)

9,75,00,000 shares of Rs. 10 each

Q2 FY27 Net Profit

Rs. 5,536.71 lakh

Q2 FY27 EPS

Rs. 25.58

Authorised share capital raised

• The Board approved an increase in the authorised share capital from Rs. 108,50,00,000 to Rs. 121,00,00,000, by alteration of Clause V, the Capital Clause, of the Memorandum of Association.
• The increase comes entirely on the equity side: the ceiling moves from 5,50,00,000 equity shares of Rs. 2 each to 11,75,00,000 equity shares of Rs. 2 each. Preference shares are unchanged at 9,75,00,000 shares of Rs. 10 each.
• This is subject to the approval of the shareholders and any regulatory/statutory approvals that may be required.

What authorised capital means

Authorised share capital is the ceiling up to which a company can issue shares. It is not money already raised, and it is separate from paid-up capital. The paid-up equity share capital shown in the results is Rs. 432.87 lakh. A higher authorised limit creates room; any actual issue of shares would be a separate event.

Quarter and half year results for the period ended September 30, 2026

• Revenue from operations was Rs. 17,135.00 lakh in the quarter, against Rs. 6,919.03 lakh in the quarter ended September 30, 2025.
• Total income was Rs. 17,551.41 lakh. Profit before tax was Rs. 7,401.08 lakh, after finance costs of Rs. 229.96 lakh.
• Net profit for the quarter was Rs. 5,536.71 lakh, with basic and diluted earnings per share of Rs. 25.58.
• The year-ago quarter had exceptional items of Rs. 4,630.12 lakh and a net loss of Rs. 4,330.03 lakh.
• For the half year, revenue from operations was Rs. 28,671.73 lakh, net profit Rs. 9,198.87 lakh and earnings per share Rs. 42.50.

Segment picture for the quarter

• High Tension Insulators: revenue Rs. 17,028.41 lakh, segment results Rs. 7,377.32 lakh.
• Real-Estate: revenue Rs. 177.98 lakh, segment results Rs. 141.96 lakh.
• The "Others" segment includes income, assets and liabilities of the discontinued conductor division.

Changes in senior management

• Mr. Shailendra Jhalani resigned as Chief Financial Officer with effect from October 03, 2026, consequent to his proposed appointment as a Whole-time Director.
• The Board approved his appointment as an Additional Director with effect from October 04, 2026, and as Whole-time Director designated Deputy Managing Director and Key Managerial Personnel for three consecutive years, from October 04, 2026 to October 03, 2029, subject to the approval of members.
• The Board approved the appointment of Mr. Mool Chand Gauba as an Additional Director in the category of Non-Executive Independent Director, and as a Non-Executive, Independent Director for a first term of five consecutive years from October 03, 2026 to October 02, 2031, subject to the approval of members.
• The Board authorised the Managing Director, the Deputy Managing Director and the Company Secretary & Compliance Officer to determine materiality of events or information.
• Ms. Neha Kejriwal, Mr. M. Rajan, Mr. Ravi Singh and Mr. Vijay Vishal Sharma were identified and designated as Senior Management Personnel.

Conductor unit at Gwalior

• The company said it is evaluating to strengthen the operations of its Conductor Unit-Gwalior, with a view to optimising the utilisation of the existing facilities, augmenting operational capabilities and leveraging emerging business opportunities in the conductor segment.

What to keep in view

• The increase in authorised share capital and the two director appointments are subject to the approval of members, and the capital change also to regulatory/statutory approvals as may be required.
• The capital clause change alters the outer limit only; the results and the management changes are separate items approved at the same meeting.

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