Ingersoll Rand (India) Limited has issued a postal ballot notice seeking shareholder consent for the re-appointment of Mr. P. R. Shubhakar as Whole-time Director and Chief Financial Officer. The company filed the notice with stock exchanges on March 27, 2026, in compliance with Regulation 30 of the SEBI Listing Regulations.

Re-appointment Details

The Board of Directors, at its meeting held on February 12, 2026, approved the re-appointment of Mr. P. R. Shubhakar (DIN: 06688703) as Whole-time Director for a period of two years, effective from March 7, 2026, to March 6, 2028. The re-appointment is subject to shareholder approval through an ordinary resolution.

Voting Schedule and Process

The company has engaged National Securities Depository Limited (NSDL) to facilitate remote e-voting for shareholders. The voting will be conducted entirely through electronic means, with no physical ballot forms being circulated.

Professional Background

Mr. Shubhakar brings extensive experience to his role, having joined Ingersoll-Rand (India) Limited in August 2000. He holds qualifications as both a Chartered Accountant and Company Secretary, with a Bachelor of Commerce degree from Bangalore University.

His professional expertise spans multiple areas:

• General & Financial Management
• Controllership and Credit & Collection
• Financial Planning & Reporting
• Direct & Indirect Taxation
• Banking & Treasury operations
• Risk Management and Compliance
• Mergers & Acquisitions
• Company Law and Stock Exchange compliance

Prior to joining the company, he worked with manufacturing organizations including Philips India Limited and Kirloskar Group of companies. He currently serves as Chairman of the Corporate Social Responsibility Committee and as a Member of the Risk Management Committee.

Remuneration Structure

The proposed remuneration package for Mr. Shubhakar's re-appointment includes comprehensive compensation and benefits:

The allowances comprise house rent allowance, leave travel allowance, and special allowance as per company policies. Annual increments will be determined by the Board based on individual and company performance.

Additional Benefits

Beyond the fixed compensation, Mr. Shubhakar will be entitled to:

• Annual Bonus: Performance-based variable pay up to 200% of eligible bonus (18% of annual basic salary and allowances)
• Medical Benefits: Group medical benefit scheme coverage for him and his family
• Insurance: Personal accident insurance as per company policies
• Retirement Benefits: Provident fund contributions and gratuity payments
• Expense Reimbursement: Travel, entertainment, and business-related expenses
• Leave Benefits: Earned, privilege, and sick leave with encashment facility

Regulatory Compliance

The re-appointment aligns with regulatory requirements under the Companies Act, 2013, and SEBI Listing Regulations. As per Regulation 17(1C) of SEBI LODR, director appointments require shareholder approval at the next general meeting or within three months of appointment.

The company has appointed M/s. Govindraj Akshay & Associates as scrutinizers for the postal ballot process. Results will be communicated to BSE Limited and National Stock Exchange of India Limited, where the company's shares are listed, and will be available on the company website.

Shareholders whose email addresses are registered with the company or depositories as of the cut-off date will receive the postal ballot notice electronically. The resolution, if approved by requisite majority, will be deemed passed on April 29, 2026.

Ingersoll Rand (India) Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, demonstrating strong operational performance despite regulatory headwinds. The company reported revenue from operations of ₹455.49 crores for Q3 FY2025-26, reflecting sustained demand across its compressed air solutions portfolio.

Financial Performance Overview

The company delivered robust financial metrics for the quarter, with growth across key revenue parameters offset by exceptional expenses:

The company achieved a PBT margin of 26.0% on total income before exceptional items, demonstrating strong operational efficiency. However, profit after tax declined due to an exceptional expense of ₹26.58 crores related to new labour code implementations.

Exceptional Items Impact

A significant development affecting the quarter's results was the implementation of India's new labour codes. The company recognized an exceptional expense of ₹26.58 crores towards incremental costs arising from the Code on Wages 2019, Industrial Relations Code 2020, Code on Social Security 2020, and Occupational Safety, Health and Working Conditions Code 2020.

Operational Excellence and Production Milestones

Despite regulatory challenges, the company achieved several operational records during the quarter. Record production was achieved for large centrifugal compressors and oil-free rotary E-Series compressors, representing the highest quarterly output in company history. Strong order booking momentum was supported by sustained demand across power, renewables, semiconductors, electronics, and steel sectors.

Strategic Infrastructure Development

The quarter marked the unveiling of the company's new manufacturing facility in Sanand, Gujarat, representing a key milestone in its growth strategy:

The company targets achieving over 90% localization of rotary screw compressors in India within the next year through continued manufacturing investments and operational excellence initiatives.

Earnings Per Share and Market Position

Earnings per share for the quarter stood at ₹22.77, compared to ₹24.60 in the corresponding quarter of the previous year. For the nine-month period, EPS was ₹60.57 versus ₹63.31 in the prior year. The company's multi-channel, multi-brand strategy continues to drive bookings across all frame sizes, supported by its energy-efficient product portfolio and growing services business.