Rishabh Instruments Limited has disclosed its audited consolidated financial results for the quarter and year ended March 31, 2026. The company's board approved the results during a meeting held on May 18, 2026. The financial statements have been prepared in accordance with the Indian Accounting Standards and reviewed by the Audit Committee.

Financial Performance

For the quarter ended March 31, 2026, the company reported a total income from operations of ₹2,107.82 crore. This represents an increase from ₹1,892.28 crore in the quarter ended December 31, 2025. The net profit for the quarter stood at ₹200.34 crore, a decrease from ₹205.13 crore in the preceding quarter.

On an annual basis, the total income from operations for the year ended March 31, 2026, was ₹7,958.43 crore, up from ₹7,348.71 crore in the previous year. The net profit for the year increased significantly to ₹822.59 crore compared to ₹209.73 crore in the prior year.

Key Metrics

The following table summarizes the key financial metrics for the consolidated results:

Earnings Per Share

The basic earnings per share (EPS) for the quarter ended March 31, 2026, was reported at ₹5.12, down from ₹5.19 in the previous quarter. For the full year, the basic EPS increased to ₹21.21 from ₹5.86 in the previous year. The diluted EPS for the year stood at ₹21.07.

Regulatory Compliance

The statutory auditors have carried out a limited review of the financial results for the quarter and year ended March 31, 2026, with an unmodified opinion. The detailed results are available on the websites of the National Stock Exchange of India Limited and BSE Limited, as well as the company's official website.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE0N2P01017/420969af5c544d03.pdf

The Board of Directors of Rishabh Instruments Limited, at its meeting held on May 18, 2026, approved the re-designation of Mr. Dineshkumar Musalekar from Whole-Time Director to Managing Director of the Company. The change is subject to the approval of shareholders at the ensuing Annual General Meeting (AGM). The announcement was made under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Re-designation

The re-designation is aimed at streamlining organizational leadership and enhancing focus on strategic initiatives. The transition is intended to enable a more concentrated approach to overseeing day-to-day operations while ensuring continued alignment with long-term objectives. The following table summarizes the key terms of the appointment:

Remuneration Structure

The remuneration package for Mr. Musalekar is structured across multiple entities and currencies, as detailed below:

Profile of Mr. Dineshkumar Musalekar

Mr. Dineshkumar Musalekar is a distinguished business leader with three decades of diverse work experience across operations, projects, business development, product development, manufacturing, and technology. He has worked across diverse business cultures and environments spanning Asian, Chinese, Japanese, European, American, African, and Arab markets. He has successfully managed start-ups, is a turnaround specialist, and is accomplished in Mergers, Acquisitions, and Demergers.

He holds a graduate degree in Electronics and Communications Engineering, an MBA in Human Resource Management, and has completed the Executive Development Programme from Henley University, Oxford, UK. Since 2013, he has served as President and CEO of Lumel S.A. and Lumel Alucast Sp. Z.o.o. He also serves as a Board Member of Saran, a Real Estate Company, a Supervisory Board Member of Lumel Śląsk Company, and on the Advisory Board of Sifam Tinsley USA.

Prior to these roles, Mr. Musalekar had a career spanning a decade at OTIS (UTC Group, Fortune 500 Company), where he progressed from Graduate Engineer Trainee to Manager of the Modernisation Department in India. He subsequently spent another decade with Avire (HALMA Group, FTSE 100) as Resident Director for PAN India and General Manager for India, Middle East, and Africa.

Awards and Recognition

Mr. Musalekar has received several notable recognitions throughout his career:

• Gold Medal — the highest civilian award from the Mayor of Zielona Gora City in Poland, for his contribution to transforming and growing Lumel and benefiting the City
• The Indian Achievers Award for "Business Leadership" from the Indian Achievers Forum
• Personality of the Year 2020 award in the Business category in Zielona Góra City from Polska Press Grupa

Compliance and Disclosures

There is no inter-se relationship between Mr. Dineshkumar Musalekar and other directors of the Company. Additionally, Mr. Musalekar is not debarred from holding the office of Director by virtue of any SEBI order or any other such authority, in accordance with the requirements under Circular No. LIST/COMP/14/2018-19 and NSE/CML/2018/02 dated June 20, 2018, issued by BSE and NSE respectively. The announcement was signed by Ajinkya Joglekar, Company Secretary and Compliance Officer (ICSI Membership No.: A57272).