Honeywell automation India Limited has announced an extension in the tenure of its Chief Financial Officer, following a mutual agreement between the Board of Directors and the executive. The development comes as part of the company's efforts to ensure operational continuity during the leadership transition period.

CFO Tenure Extension Details

Pulkit Goyal, who serves as Chief Financial Officer and Key Managerial Personnel under the Companies Act, 2013, will continue in his role until May 20, 2026. The extension was formalized through a communication dated April 20, 2026, addressed to both BSE Limited and National Stock Exchange of India Limited.

Background of the Resignation

Goyal had initially submitted his resignation on February 2, 2026, with the intention to step down from his position as CFO effective from the close of business hours on April 30, 2026. The resignation was submitted to pursue other opportunities, as stated in the regulatory filing.

Board's Request for Continuity

The Board of Directors requested Goyal to extend his tenure to ensure operational continuity until the next Board meeting. This request was made considering the importance of maintaining stability in financial operations during the transition period. The extension has been mutually agreed upon by both parties.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The relevant details have been provided in compliance with SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

The announcement reflects the company's commitment to maintaining operational stability while managing executive transitions in accordance with regulatory requirements.

Honeywell Automation India Limited has submitted newspaper publication compliance documents for its unaudited financial results for the quarter and nine months ended December 31, 2025. The company filed these documents with stock exchanges on February 3, 2026, pursuant to Regulation 30 and Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Regulatory Compliance and Publication

The company published its financial results in Financial Express (English) and Loksatta (Marathi) newspapers on February 3, 2026. Company Secretary and Compliance Officer Indu Daryani submitted the electronic copies to both NSE (Symbol: HONAUT) and BSE (Scrip Code: 517174) for regulatory compliance.

Financial Performance Overview

The company demonstrated mixed operational performance during the third quarter of FY26. Revenue from operations reached ₹11.70 billion for the quarter compared to ₹10.91 billion in the corresponding quarter of the previous year, showing growth in the top line. However, net profit declined to ₹1.21 billion from ₹1.32 billion year-over-year, reflecting margin pressures during the quarter.

EBITDA Performance and Margins

The company's EBITDA performance showed growth in absolute terms despite margin compression. EBITDA for the quarter increased to ₹1.48 billion compared to ₹1.40 billion in the corresponding quarter of the previous year. However, EBITDA margin declined to 12.63% from 13.02% year-over-year, indicating operational efficiency challenges.

Earnings Per Share and Capital Structure

The company maintained its paid-up equity share capital at ₹88 million with a face value of ₹10 per share. Basic and diluted earnings per share for the quarter were ₹137.08, while for the nine-month period, they stood at ₹413.15.

Board Approval and Corporate Governance

The Board of Directors approved these results at their meeting held on February 2, 2026, following a comprehensive review by the Audit Committee. The company operates in a single segment of "Automation & Control Systems" and has no subsidiary or associate companies. Managing Director Atul Vinayak Pai signed the published results, confirming board approval and regulatory compliance.