A. Unaudited Financial Results for Q2 and H1 FY27
The Board of Directors approved the unaudited standalone and consolidated financial results for the second quarter and half year ended September 30, 2026, pursuant to Regulations 30 and 33 of SEBI Listing Regulations.
Standalone Financial Highlights (₹ in lakhs):
- Revenue from operations: Q2 FY27 - ₹11,233.2; H1 FY27 - ₹22,126.8
- Profit before tax: Q2 FY27 - ₹344.5; H1 FY27 - ₹996.9
- Net profit: Q2 FY27 - ₹253.0; H1 FY27 - ₹732.5
- EPS (basic after exceptional items): Q2 FY27 - ₹2.19; H1 FY27 - ₹6.35
Consolidated Financial Highlights (₹ in lakhs):
- Revenue from operations: Q2 FY27 - ₹11,233.2; H1 FY27 - ₹22,126.8
- Profit before tax: Q2 FY27 - ₹352.5; H1 FY27 - ₹1,009.2
- Net profit: Q2 FY27 - ₹261.0; H1 FY27 - ₹744.8
- EPS (basic after exceptional items): Q2 FY27 - ₹2.26; H1 FY27 - ₹6.45
Segment Performance (H1 FY27):
- Consumer Products: Revenue ₹16,731.1 lakhs, EBIT ₹664.6 lakhs
- Lighting Solutions: Revenue ₹5,395.7 lakhs, EBIT ₹263.3 lakhs
Exceptional Items:
- Profit on sale of immovable property: ₹878 lakhs in Q1 FY27
- No exceptional items in Q2 FY27
B. Leadership Transition - Shekhar Bajaj
The Board approved the following changes as part of succession planning:
1. Mr. Shekhar Bajaj (DIN: 00089358) will cease as Executive Chairman and Whole-time/Executive Director effective close of business hours on December 31, 2026
2. He will continue as Non-Executive Non-Independent Director from January 1, 2027, subject to shareholder approval via Special Resolution through Postal Ballot
3. He will be conferred the title of 'Chairman Emeritus' for five years from January 1, 2027 to December 31, 2031, subject to necessary approvals
Related Party Transaction: The Board approved payments, benefits, facilities and amenities to Mr. Shekhar Bajaj as Chairman Emeritus, which is not a material related party transaction under Regulation 23 of SEBI Listing Regulations.
Articles of Association Amendment: The Board approved alteration of AoA to create the position of Chairman Emeritus (Article 186A) and amend Article 147 relating to contracts with related parties.
C. Revision in Terms of Mr. Sanjay Sachdeva
The Board approved:
1. Curtailment of Mr. Sanjay Sachdeva's (DIN: 11017868) tenure as MD & CEO to conclude on March 31, 2027 with certain remuneration revisions
2. Reappointment as MD & CEO for five years from April 1, 2027 to March 31, 2032 with revised remuneration, subject to shareholder approval
D. Change in Position of Mrs. Pooja Bajaj
Mrs. Pooja Bajaj (DIN: 08254455) will change from 'retiring' Executive Director to 'non-retiring' Executive Director effective January 1, 2027, subject to shareholder approval. No change in her functioning, duties or remuneration.
E. Appointment of Non-Executive Independent Chairman
Mr. Sudarshan Sampathkumar (DIN: 01875316), Independent Director, appointed as Non-Executive Chairman of the Board effective January 1, 2027 until end of his current term (May 22, 2028).
F. Remuneration to Non-Executive Directors
Board approved seeking shareholder approval via Special Resolution for payment of remuneration to Non-Executive Directors in excess of 1% of net profits computed under Section 198 of Companies Act, 2013, should such limit be exceeded.
G. Amendment to UPSI Code
The Board approved amendments to the Code of Practices and Procedures for Fair Disclosure of Unpublished Price Sensitive Information pursuant to Regulation 8(1) of SEBI PIT Regulations, 2015. The revised Code is effective from October 28, 2026.
H. Authorization for Materiality Determination
1. Mr. Sanjay Sachdeva, MD & CEO
2. Ms. Ashween Anand, CFO
3. Mr. Prashant Dalvi, Chief Compliance Officer & Company Secretary (Single point of contact)
Financial Review and Auditor's Report
The standalone and consolidated financial results were reviewed by the Audit Committee and approved by the Board. The statutory auditors, SR BC & Co LLP, issued limited review reports stating nothing has come to their attention that causes them to believe the financial results contain any material misstatement.
Meeting Details
The Board meeting commenced at 11:30 a.m. and concluded at 2:10 p.m. on October 28, 2026.