Global Pet Industries has appointed Ms. Harmi Bipin Panchal as its Chief Financial Officer (CFO) effective June 15, 2026. The Board of Directors approved the appointment during a meeting held on the same day, complying with Section 203 of the Companies Act, 2013. This leadership change is intended to strengthen the company's financial oversight and support its long-term growth strategy.

Ms. Harmi Bipin Panchal holds a Bachelor of Management Studies from Kandivali Education Society Mumbai and a Master of Science in International Business Management with Marketing from Heriot-Watt University, Dubai. Her academic background provides her with analytical, strategic, and organisational capabilities necessary for effective financial oversight. The company stated that she will contribute to financial management practices through disciplined planning and risk management.

The appointment discloses specific familial relationships within the company's leadership. Ms. Harmi Bipin Panchal is the daughter of Mr. Bipin Nanubhai Panchal, the Managing Director, and Mrs. Nisha Bipin Panchal, the Whole-Time Director. The terms of the appointment were mutually decided by the Board of Directors.

Key Appointment Details

Familial Relationships

[Global Pet Industries](global pet industries) has reported a strong operational performance for the financial year ended March 31, 2026, with total production reaching 182 machines. This figure represents an increase from the 163 units produced in the previous fiscal year, reflecting a 23.6% growth in revenue driven by exceptional expansion in the Fully Automatic and Semi-Automatic segments. The company's audited standalone financial results for the same period revealed a net profit of ₹529.86 lakhs, compared to ₹427.51 lakhs in the previous year, while revenue from operations increased to ₹5,557.45 lakhs from ₹4,494.29 lakhs.

The board of directors approved the financial results during a meeting held on May 21, 2026. The company recognized prior period income amounting to ₹23.85 lakhs during the year, representing the reversal of preliminary expenses amortization. Consequently, the outstanding balance of ₹59.05 lakhs was transferred to the Securities Premium Account. The total income for the year stood at ₹5,740.90 lakhs.

Financial Performance

The company's earnings per share (EPS) for the year ended March 31, 2026, improved to ₹4.50 from ₹4.05 in the previous year. Total assets for the period stood at ₹7,011.06 lakhs, an increase from ₹6,109.32 lakhs as of March 31, 2025. Cash and cash equivalents also saw a rise, reaching ₹2,898.32 lakhs.

Operational Review

The Fully Automatic segment emerged as the leading category with exceptional performance and market demand, while the Semi-Automatic segment provided a significant year-on-year contribution through optimized assembly. The Eco Series remained a primary contributor to overall annual production volumes, whereas the Servo Series was identified as having strategic growth potential for subsequent periods. The company expressed gratitude to its team for the collective hard driving the 23.60% revenue growth milestone.

Fund Utilization

The company reported that the proceeds from the Initial Public Offer (IPO) of ₹1,323 lakhs have been fully utilized. For the preferential allotment of ₹2,180 lakhs, ₹288.07 lakhs has been utilized for capital expenditure and working capital purposes, while the remaining amount is kept in fixed deposits as the project is under progress. Pursuant to the SEBI (Prohibition of Insider Trading) Regulations, 2015, the trading window for dealing in the securities of the company will open on May 23, 2026.