The ISGEC Heavy Engineering Board met on February 09, 2026, approving the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ending December 31, 2025. The Board also ratified the re-appointment of key management personnel, including the Managing Director and Joint Managing Directors, subject to shareholder approval via Postal Ballot. Furthermore, significant capital expenditure proposals totaling Rs. 861 crore were sanctioned for capacity enhancement across multiple divisions.
Financial Results for Q3 FY2026
The Board of Directors, following review by the Audit Committee, approved the Unaudited Standalone and Consolidated Financial Results for the quarter and nine months ended December 31, 2025. The Statutory Auditors issued an Unmodified Opinion following their Limited Review.
Standalone Performance Highlights (Q3 Ended Dec 31, 2025)
- Total Income stood at Rs. 136,527 lakhs.
- Profit Before Tax (PBT) for the quarter was Rs. 9,896 lakhs.
- Earnings Per Share (Basic/Diluted) for the quarter stood at Rs. 10.22.
Consolidated Performance Highlights (Q3 Ended Dec 31, 2025)
- Total Income reached Rs. 1,75,635 lakhs.
- Profit for the period from continuing operations (Attributable to Owners) was Rs. 9,751 lakhs.
- Total Comprehensive Income was Rs. 9,024 lakhs.
- Earnings Per Share (Basic/Diluted) from continuing operations was Rs. 13.26.
Key Board Decisions on Directorate Changes
Based on committee recommendations, the Board approved the re-appointment of several key executives:
- Mr. Aditya Puri (Managing Director): Re-appointed for 5 years effective May 01, 2026, subject to shareholder approval via Ordinary Resolution.
- Mr. Kishore Chatnani (Joint Managing Director): Re-appointed for 5 years effective June 28, 2026, subject to shareholder approval via Ordinary Resolution. He will continue as CFO.
- Mr. Sanjay Gulati (Joint Managing Director): Re-appointed for 5 years effective June 28, 2026, subject to shareholder approval via Ordinary Resolution. He continues as Head- Manufacturing Units.
- Mr. Arvind Sagar (Non-executive Independent Director): Re-appointed for a second term of 5 years effective June 28, 2026, subject to shareholder approval via Special Resolution.
The Company Secretary was authorized to issue the Notice for a Postal Ballot to seek necessary shareholder approvals for these re-appointments.
Strategic Capacity Addition and Investment
The Board approved significant capital expenditure proposals based on the Audit Committee’s recommendation to enhance operational capabilities:
- New Machining Shop (Iron Casting/Foundry Division): Capital Expenditure of About Rs.23 Crore (Term Loan/Internal Accruals). The rationale cites strong international and domestic demand for machined castings.
- Machine Building Division Expansion: Capital Expenditure of About Rs.218 Crore (Term Loan/Internal Accruals) to support Presses and Contract Manufacturing, aiming for an additional turnover of Rs.375 Crores per annum.
- Process Skids & Modules Facility (SEZ, Dahej): Enhancement revised from Rs.87 crore to Rs.110 Crore, funded via Internal Accruals, to build a dedicated facility for growing Skids & Modules business.
The timelines for the Machinery and Machine Building expansions are targeted between 12 to 18 months, while the Skids & Modules enhancement is set for 30 Months.
Notes on Exceptional Items (Standalone)
An Exceptional Item of Rs. 1,403 lakhs was reported, which relates to the estimated one-time provision increase for employee benefits resulting from the consolidation of 29 existing labour legislations into four Labour Codes, effective November 21, 2025. This recognized item is pending final notification of Central Rules.
Source: BSE
