ESAB India has appointed Jalubula Venkata Koteswara Rao as Senior Management Personnel (SMP), effective August 1, 2026. The appointment follows the retirement of Biswadeep Banerjee, General Manager-Equipment Sales & After Market, who concluded his tenure with the company by the closing hours of July 31, 2026. This leadership change ensures continuity in the company’s sales and marketing operations for its equipment and cutting systems division.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Under Regulation 16(1)(d) of the same regulations, Rao is formally recognized as an SMP starting from the effective date. The company notified both the Bombay Stock Exchange (BSE) and the National Stock Exchange of India (NSE) of the personnel change on July 31, 2026.

Leadership Transition Details

Jalubula Venkata Koteswara Rao has taken charge as Business Head - Sales & Marketing - Equipment & Cutting Systems. He succeeds Biswadeep Banerjee, who served as General Manager-Equipment Sales & After Market. The transition marks a key update in the company’s senior management structure.

G. Balaji, Company Secretary of ESAB India Limited, signed the disclosure. The company operates plants in Ambattur and Irungattukottai in Chennai, as well as Kalmeshwar in Nagpur. The registered office is located at 13, 3rd Main Road, Industrial Estate, Ambattur, Chennai.

Esab India Limited shareholders overwhelmingly approved all six resolutions at its 39th Annual General Meeting held on July 29, 2026, endorsing a final dividend of ₹25 per share and key governance appointments. The meeting, conducted via Video Conference/Other Audio-Visual Means (VC/OAVM), saw voting participation from 13.57 million shares, representing approximately 88.18% of outstanding equity. This high level of engagement underscores strong investor confidence in the company’s financial performance and strategic direction following a record revenue year.

The filing, submitted pursuant to Regulation 44(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was accompanied by a scrutinizer’s report from V. Mahesh & Associates. The remote e-voting period ran from July 26 to July 28, 2026, with additional voting available during the meeting until its conclusion at 4:42 PM IST. The record date for voting eligibility was July 23, 2026.

Voting Results and Shareholder Approval

All ordinary resolutions passed with substantial majority support. The adoption of audited financial statements for FY26 received 99.99% affirmative votes (13,574,113 votes in favor). Similarly, the declaration of the final dividend secured 99.99% support.

The re-appointment of B Mohan as Director retiring by rotation received 99.91% support, with minor dissent primarily from public institutional investors. The appointment of Curtis Evan Jewell as Non-Executive Nominee Director and Chairman, effective May 1, 2026, garnered 99.90% approval.

Governance and Financial Highlights

The Board also ratified the remuneration of cost auditors M/s. Geeyes & Co., set at ₹5,50,000 for FY27, and approved commission payments to independent directors not exceeding 1% of net profits for five years starting April 1, 2026. These governance measures align with regulatory requirements under Section 148 and Section 197 of the Companies Act, 2013.

Financially, ESAB India reported total revenue of ₹1,51,418 lakhs in FY26, up from ₹1,38,125 lakhs in FY25. Profit after tax rose to ₹20,669 lakhs from ₹17,542 lakhs. The company maintains a debt-free status with cash and cash equivalents of ₹5,746 lakhs. Statutory auditors M/s. Deloitte Haskins & Sells issued an unqualified opinion on the financial statements.

ESG Data Correction

In a separate filing on July 29, 2026, the company corrected inadvertent errors in its Business Responsibility and Sustainability Report (BRSR) under Principle 6. Recycled waste quantity was revised from 4,610.75 Mts to 1649.18 Mts, while landfilled waste was corrected from 7,786.01 Mts to 1848.95 Mts. This adjustment ensures accurate ESG reporting for investors.