Board approves Q2 results, Jhalani as Deputy MD, Gauba as independent director, rise in authorised capital

Board meeting held on October 03, 2026.

Sat 3 Oct 2026

Q2 FY27 Revenue from Operations

Rs. 17,135.00 lakhs

Q2 FY27 Net Profit

Rs. 5,536.71 lakhs

Q2 FY27 EPS (Basic & Diluted)

Rs. 25.58

H1 FY27 Net Profit

Rs. 9,198.87 lakhs

Authorised Share Capital Raised

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

Results for the quarter and half year ended September 30, 2026

The Board of Directors, at its meeting held on Saturday, October 03, 2026, considered and approved the Unaudited Financial Results of the Company for the quarter and half year ended September 30, 2026, as recommended by the Audit Committee. The statutory auditors, M/s K.N. Gutgutia & Co., Chartered Accountants, issued a Limited Review Report on these results. Figures are in lakhs.

• Revenue from operations for the quarter: Rs. 17,135.00 lakhs.
• Total income for the quarter: Rs. 17,551.41 lakhs.
• Net Profit for the quarter: Rs. 5,536.71 lakhs; for the half year: Rs. 9,198.87 lakhs.
• Basic and diluted earnings per share for the quarter: Rs. 25.58.

Finance chief moves to a board role

Mr. Shailendra Jhalani has tendered his resignation from the position of Chief Financial Officer of the Company with effect from October 03, 2026, consequent to his proposed appointment as a Whole-time Director with effect from October 04, 2026. Based on the recommendation of the Nomination and Remuneration Committee, the Board approved his appointment as an Additional Director with effect from October 04, 2026, holding office until the date of the next General Meeting or earlier. He has also been approved as a 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. Mr. Jhalani heads all the commercial activities including marketing and production of the Insulators & Electricals Company (IEC) unit of the Company. He has over 27 years of professional experience in managing an industrial unit, is a Chartered Accountant by qualification and a graduate of Shriram College of Commerce, Delhi University. He is not debarred from holding the office of Director by virtue of any SEBI order or order of any other such authority.

New independent director

The Board approved the appointment of Mr. Mool Chand Gauba (DIN: 02942664) as an Additional Director in the category of Non-Executive Independent Director, holding office until the date of the next General Meeting or earlier. He has also been approved as a Non-Executive, Independent Director for a first term of 5 (five) consecutive years commencing from October 03, 2026 to October 02, 2031, subject to the approval of members. Mr. Gauba is a qualified Certified Associate of Indian Institute of Bankers (CAIIB) and an associate member of the Indian Institute of Banking and Finance, with wide experience in banking, financial management and corporate finance. He is not debarred from holding the office of Director by virtue of any SEBI order or order of any other such authority.

Increase in authorised share capital

The existing Authorised Share Capital of the Company has been increased from Rs. 108,50,00,000 to Rs. 121,00,00,000 by alteration in the Capital Clause of the Memorandum of Association, subject to the approval of the shareholders and any regulatory or statutory approvals. The increased capital is divided into 11,75,00,000 equity shares and 9,75,00,000 preference shares. An increase in authorised share capital raises the ceiling of shares a company is permitted to issue; it is not by itself an issue of new shares.

Materiality and senior management

The Board authorised Mr. Deepak Kejriwal (Managing Director), Mr. Shailendra Jhalani (Whole-time Director designated as Deputy Managing Director) and Ms. Neha Kejriwal (Company Secretary & Compliance Officer) as Key Managerial Personnel for determining materiality of an event or information. The Board also identified and designated Ms. Neha Kejriwal, Mr. M. Rajan (Senior Vice President-Plant, Production Head), Mr. Ravi Singh (Vice President-Marketing, Marketing Head) and Mr. Vijay Vishal Sharma (Asst. General Manager-Legal, Legal Head) as Senior Management Personnel of the Company.

Conductor unit

The Company 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.

The update combines two kinds of information: the financial results for the quarter and half year, and changes in who runs and oversees the Company. A resignation followed by a board-level appointment, a new independent director, and a higher authorised share capital are structural changes that shareholders typically read alongside the reported numbers.

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