Board approves Sept 2026 quarter results, Jhalani as Deputy MD, authorised capital increase

Q2 FY27: revenue Rs. 17,135.00 lakhs, net profit Rs. 5,536.71 lakhs, EPS Rs. 25.58.

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 and diluted)

Rs. 25.58

Authorised Share Capital Increase

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

Half Year Revenue from Operations

Rs. 28,671.73 lakhs

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

• Revenue from operations was Rs. 17,135.00 lakhs for the quarter and Rs. 28,671.73 lakhs for the half year.
• Net profit was Rs. 5,536.71 lakhs for the quarter and Rs. 9,198.87 lakhs for the half year.
• Basic and diluted earnings per share were Rs. 25.58 for the quarter and Rs. 42.50 for the half year, not annualised.
• The statutory auditors, M/s K.N. Gutgutia & Co, Chartered Accountants, issued a limited review report stating that nothing has come to their attention that causes them to believe the accompanying statement contains any material misstatement.

Change at the top of finance

• Mr. Shailendra Jhalani has tendered his resignation as Chief Financial Officer with effect from October 03, 2026, consequent to his proposed appointment as a Whole-time Director with effect from October 04, 2026.
• The Board approved his appointment as an Additional Director with effect from October 04, 2026.
• It also approved his appointment 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.
• Mr. Jhalani heads all commercial activities including marketing and production of the Insulators & Electricals Company (IEC) unit of the Company and has over 27 years of professional experience; he is a Chartered Accountant and a graduate of Shriram College of Commerce, Delhi University.

New independent director

• Mr. Mool Chand Gauba was approved as an Additional Director in the category of Non-Executive Independent Director.
• His appointment as a Non-Executive, Independent Director is for a first term of five consecutive years commencing October 03, 2026 to October 02, 2031, subject to the approval of members.
• Mr. Gauba is a Certified Associate of the Indian Institute of Bankers (CAIIB) and an associate member of the Indian Institute of Banking and Finance, with experience in banking, financial management and corporate finance.

Authorised share capital

• The Board approved an increase in the existing authorised share capital from Rs. 108,50,00,000 to Rs. 121,00,00,000, by alteration of the Capital Clause (Clause V) of the Memorandum of Association, subject to the approval of shareholders and any regulatory or statutory approvals.
• Within the authorised capital, the equity shares go from 5,50,00,000 to 11,75,00,000 equity shares; the preference shares are unchanged.
• The authorised capital is the ceiling up to which shares can be issued and is separate from the paid-up capital shown in the results.

Other board decisions

• Mr. Deepak Kejriwal (Managing Director), Mr. Shailendra Jhalani (Whole-time Director, designated Deputy Managing Director) and Ms. Neha Kejriwal (Company Secretary & Compliance Officer) have been authorised to determine the materiality of events or information.
• Senior Management Personnel identified: 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).
• The Company stated that 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.

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