Eureka Industries Limited has strengthened its board leadership with the appointment of two additional directors, following a board meeting held on March 21, 2026. The appointments were made on the recommendation of the Nomination and Remuneration Committee and are subject to member approval, as communicated to the Bombay Stock Exchange under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Appointments

The company announced two key appointments to enhance its governance structure:

Director Profiles and Experience

Ms. Avani Ashwinkumar Shah brings significant corporate experience to the board. She is a professional with a decade of experience in corporates and management, holding a master's degree in commerce. The company confirmed that she meets the criteria of independence as provided in Section 149(6) of the Companies Act read with SEBI (LODR) Regulations, 2015.

Mr. Chaitanya Jayantilal Pandya contributes varied experience in the finance field. He has proven expertise in financial planning and analysis, formulation, recommendation and implementation of administrative policies and procedures to improve internal control systems. He holds a graduation degree in commerce.

Other Directorships and Committee Positions

Ms. Avani Ashwinkumar Shah currently holds directorships in multiple listed entities:

Mr. Chaitanya Jayantilal Pandya does not hold directorships in any other listed entities.

Compliance and Shareholding

Both directors have been confirmed as not being debarred from holding the office of Director by virtue of any SEBI order or any other authority. Neither director holds any shareholding in the company as of their appointment date. The company stated that the composition of the Board of Directors continues to be in compliance with the requirements prescribed under the Companies Act, 2013 and SEBI LODR.

Meeting Details

The board meeting commenced at 02.00 PM and concluded at around 02.25 PM on March 21, 2026. The appointments were communicated to the Bombay Stock Exchange in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The official communication was digitally signed by Mr. Darshak Shah, Executive Director (DIN: 10735398).

Eureka Industries Limited announced its unaudited standalone financial results for the third quarter ended December 31, 2025, showing mixed performance with revenue growth offset by declining profitability compared to the previous year.

Quarterly Financial Performance

The company reported net profit of ₹35.55 lacs for Q3FY26, representing a significant decline of 54.8% compared to ₹78.68 lacs achieved in Q3FY25. Revenue from operations for the quarter stood at ₹3,412.64 lacs, showing sequential growth from ₹2,920.84 lacs in Q2FY26 but declining from ₹3,594.05 lacs in the corresponding quarter last year.

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, Eureka Industries demonstrated robust revenue growth of 118.4%, with revenue from operations reaching ₹10,084.54 lacs compared to ₹4,617.98 lacs in the corresponding period of the previous year. However, net profit for the nine-month period declined to ₹68.73 lacs from ₹166.38 lacs in the previous year.

Cost Structure and Operational Metrics

The company's primary expense component remains purchases of stock-in-trade, which totaled ₹3,298.27 lacs in Q3FY26 compared to ₹3,776.32 lacs in Q3FY25. Changes in inventories of stock-in-trade showed a positive impact of ₹74.03 lacs in the current quarter versus a negative ₹266.29 lacs in Q3FY25. Other expenses remained relatively controlled at ₹4.24 lacs for the quarter.

Tax Position and Capital Structure

Eureka Industries reported zero tax expenses for both the quarter and nine-month periods. The company explained that despite earning profits, it has substantial brought forward business losses and unabsorbed depreciation from prior years, which are being set off against current taxable income under Income Tax Act provisions. The paid-up equity share capital remained stable at ₹875.00 lacs with a face value of ₹10.00 per share.

Board Approval and Compliance

The financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on February 9, 2026, from 3:00 pm to 3:28 pm. The results have undergone limited review by statutory auditors V S S B & Associates, Chartered Accountants, in compliance with Regulation 33 of SEBI Listing Regulations.