Subros Limited’s board approved the unaudited financial results for Q3 2026 and announced changes to its board composition. Naohisa Kuriyama was appointed as Nominee Director, replacing Yusuke Hara. Additionally, Tsunenobu Hori was appointed as Alternate Director. The board also approved a capacity expansion at its Karsanpura facility in Gujarat, including new electric compressors.
Q3 2026 Financial Results Approved
The Subros Limited board of directors has approved the unaudited financial results for the quarter and nine months ending December 31, 2025. The results are available on the company’s website.
Changes in Director Appointments
Several changes to the board have been announced:
- Yusuke Hara has resigned as Nominee Director effective January 30, 2026.
- Naohisa Kuriyama has been appointed as the new Nominee Director (subject to shareholder approval).
- Yasuhiro lida vacated his position as Alternate Director.
- Tsunenobu Hori has been appointed as Alternate Director to Naohisa Kuriyama (subject to shareholder approval).
Capacity Expansion in Gujarat
The board approved a capacity expansion at the Karsanpura, Gujarat manufacturing unit. This includes:
- Addition of new local Electric-Compressor production.
- Expansion of local ICE-Compressor production.
Electric-Compressor Capacity Addition Details
The expansion plans for Electric-Compressors include:
- Proposed capacity addition: 4,00,000 per year.
- Expected completion within 21 months.
- Investment: Rs. 175 crores (approx.).
- Financing: 75% Debt and 25% internal accruals.
- Rationale: New business award for local Electric Compressor.
ICE-Compressor Capacity Addition Details
The expansion plans for ICE-Compressors include:
- Existing capacity: 18,00,000 per year.
- Existing capacity utilization: 87% (approx.).
- Proposed capacity addition: 5,00,000 per year.
- Expected completion within 24 months.
- Investment: Rs. 90 crores (approx.).
- Financing: Internal accruals.
- Rationale: Customer demand and risk mitigation.
The board meeting concluded at 3:55 p.m.
Source: BSE
