Hindustan Hardy Limited has announced a key board appointment, strengthening its leadership structure with the addition of an experienced independent director. The company disclosed this development through a regulatory filing under SEBI Listing Regulations, submitted to BSE Limited.

Board Meeting and Appointment Details

The Board of Directors convened on March 13, 2026, from 9:38 a.m. to 9:43 a.m., to deliberate on the appointment recommendation from the Nomination and Remuneration Committee. The meeting resulted in the approval of Mr. Aurobind Ashabhai Patel's appointment as Additional Director designated as Non-Executive Independent Director.

Director's Professional Background

Mr. Aurobind Patel brings a distinguished career spanning design and publishing sectors. He holds a bachelor's degree in commerce from Mumbai University and an MFA in design from Southeastern Massachusetts University. His professional journey began as a designer in New York before transitioning to India in 1982.

His career highlights include:

• Design consultant to India Today (1982-1987)
• Design Director of The Economist, London (1988-2000)
• Current role as consultant to leading newspapers on publication design and publishing systems integration

Regulatory Compliance and Independence

The appointment adheres to SEBI regulations and corporate governance standards as outlined in the regulatory filing. Key compliance aspects include:

Corporate Governance Enhancement

This appointment represents Hindustan Hardy Limited's commitment to strengthening its board composition with independent expertise. The company, formerly known as Hindustan Hardy Spicer Limited, has its registered office and plant located at Plot No. C-12, M.I.D.C. Area, Ambad, Nashik-422 010, Maharashtra.

The regulatory filing was signed by Company Secretary Sunita Nisal and submitted to BSE Limited under scrip code 505893. The appointment follows proper corporate governance protocols and will be effective from March 13, 2026, through March 12, 2031, subject to member approval. The company has fulfilled its disclosure obligations under Regulation 30 of SEBI Listing Regulations, ensuring transparency in corporate governance matters.

Hindustan Hardy Limited has delivered impressive financial results for the third quarter of FY26, showcasing strong operational performance and sustained growth momentum. The Nashik-based manufacturer of propeller shafts and automotive accessories reported significant improvements across key financial metrics for the quarter ended December 31, 2025.

Quarterly Financial Performance

The company's Q3 FY26 results demonstrate robust growth with revenue from operations reaching ₹2709.56 lakhs, representing a substantial 36.19% increase from ₹1989.67 lakhs in the corresponding quarter of the previous year. Sequential growth was also positive, with revenue rising 6.98% from ₹2532.84 lakhs in Q2 FY26.

Profitability and Operational Efficiency

Net profit after tax for Q3 FY26 stood at ₹158.27 lakhs, marking a 29.25% year-over-year increase from ₹122.44 lakhs in Q3 FY25. However, the quarterly profit showed a sequential decline from ₹193.68 lakhs in Q2 FY26. The profit before tax reached ₹213.60 lakhs compared to ₹160.25 lakhs in the previous year quarter, indicating strong operational performance.

Earnings per share improved to ₹10.56 from ₹8.17 in the corresponding quarter of the previous year, reflecting enhanced shareholder value creation. The company maintained its paid-up equity share capital at ₹149.85 lakhs with a face value of ₹10 per share.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, Hindustan Hardy Limited demonstrated consistent growth trajectory with revenue from operations reaching ₹7917.43 lakhs compared to ₹5634.98 lakhs in the corresponding period of the previous year, representing a 40.51% increase.

The nine-month net profit after tax surged to ₹650.16 lakhs from ₹395.48 lakhs in the previous year, marking an impressive 64.42% growth, demonstrating the company's ability to convert revenue growth into bottom-line improvements.

Cost Management and Expense Analysis

Total expenses for Q3 FY26 amounted to ₹2509.97 lakhs compared to ₹1836.40 lakhs in Q3 FY25. The major expense components included cost of materials consumed at ₹1557.41 lakhs, employee benefits expenses of ₹382.91 lakhs, and other expenses totaling ₹518.85 lakhs. The company maintained disciplined cost management while scaling operations to support revenue growth.

Corporate Governance and Compliance

The Board of Directors, led by Chairperson and Managing Director Ms. Devaki Saran, approved the unaudited financial results at a meeting held on February 12, 2026. The results were prepared in accordance with Indian Accounting Standards and reviewed by the Audit Committee before board approval. The statutory auditors conducted a limited review and expressed an unmodified review conclusion, confirming the reliability of the financial information presented.