Federal-Mogul Goetze (India) Limited announced on July 31, 2026, that Dr. Khalid Iqbal Khan ceased to serve as its Whole-time Director-Legal & Company Secretary effective from the close of business hours on that date. The change in leadership occurs due to the completion of his tenure, marking a planned transition rather than an abrupt resignation or removal. This development affects the company’s legal and compliance oversight structure, requiring internal realignment of responsibilities within the Board of Directors.

The disclosure was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. Additionally, the filing references the circular SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023, as amended from time to time, ensuring full regulatory compliance. The intimation was submitted to both the Bombay Stock Exchange Limited and the National Stock Exchange of India Ltd.

Key Details of Cessation

Dr. Khalid Iqbal Khan (DIN: 05253556) tendered his resignation formally, expressing gratitude to the Board members and colleagues for their support during his tenure. His exit was accepted by Jyoti Mittal, confirming the procedural closure of his role. The announcement was signed by Amit Mittal (DIN: 02292626), Managing Director & Chief Financial Officer, underscoring the senior management’s acknowledgment of the transition.

What This Means for Governance

The departure of a Whole-time Director-Legal & Company Secretary represents a significant shift in the company’s corporate governance framework. As the primary officer responsible for legal compliance and company secretarial functions, Dr. Khan’s role was critical in ensuring adherence to statutory requirements and board protocols. His cessation necessitates immediate internal adjustments to maintain continuity in these vital areas.

While the source document does not specify a successor, the structured nature of the transition—driven by tenure completion rather than conflict—suggests a smooth handover process. Investors and stakeholders should monitor subsequent filings for any appointment of a new director or redistribution of duties among existing Board members. The company’s Corporate Identification Number remains L74899DL1954PLC002452, and its registered office is located at 803, Best Sky Tower, Netaji Subhash Place, New Delhi, 110034.

Federal-Mogul Goetze (India) Limited reported a 5.7% increase in net profit for the financial year ended March 31, 2026, reaching ₹1,689.06 crore, driven by higher revenue from operations. The company's revenue from operations for the year stood at ₹19,241.19 crore, an increase of 8.8% compared to the previous year. On a consolidated basis, the net profit for FY26 rose to ₹1,780.00 crore from ₹1,698.76 crore in the previous year, while consolidated revenue from operations increased to ₹19,584.02 crore from ₹18,001.92 crore.

The Board of Directors approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026, at a meeting held on May 25, 2026. The statutory auditors of the company expressed an unmodified review conclusion on these results. The results were prepared in accordance with the Indian Accounting Standards (Ind-AS) prescribed under section 133 of the Companies Act, 2013. The company recognised an exceptional item of ₹17.35 crore during the year ended March 31, 2026, related to the estimated financial implications of the four new Labour codes notified by the Government of India.

Annual Financial Performance

The standalone financial results for FY26 showed a total income of ₹19,899.43 crore, up from ₹18,259.45 crore in the previous year. Total expenses for the year increased to ₹17,458.42 crore from ₹16,080.25 crore. Profit before tax for the year was ₹2,441.01 crore, compared to ₹2,179.20 crore in FY25. The following table summarises the key standalone annual metrics:

Consolidated Results

The consolidated results include the financials of the parent company and its subsidiary, Federal-Mogul TPR (India) Limited. The company's total equity increased to ₹13,622.81 crore from ₹11,952.49 crore in the previous year, while cash and cash equivalents as of March 31, 2026, stood at ₹6,080.54 crore in standalone accounts. For the quarter ended March 31, 2026, consolidated net profit declined to ₹507.98 crore from ₹614.30 crore in the same period last year, even as quarterly revenue grew year-on-year to ₹4,885.80 crore.