Vesuvius India Limited announced the resignation of Rohit Khandelwal, HR Director and Senior Management Personnel, effective the close of business hours on September 24, 2026. The departure is attributed to personal reasons.

The company filed an intimation under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, to both BSE and NSE. The filing confirms that Khandelwal’s resignation was accepted by the management without serving the notice period.

Resignation Details

In his resignation letter addressed to Managing Director Mohinder Rajput, Khandelwal stated that he is leaving his position as HR Director Steel, India, for personal reasons. He requested that all pending dues be settled and relieving documents be issued. Khandelwal offered to provide handover support if required by the company or management.

The resignation was received on September 24, 2026, and accepted immediately. The company’s Company Secretary and Compliance Officer, Saheb Ali, signed off on the regulatory disclosure.

Regulatory Compliance

The intimation included details required under Schedule III, Part A, Para A of the SEBI LODR regulations. Key disclosures are summarized below:

No other significant changes in senior management were disclosed in the filing. The company requested both exchanges to take the information on record and disseminate it on their respective websites.

Vesuvius India Limited reported mixed financial results for the first quarter of FY27, with revenue growth failing to translate into proportional profit expansion. The refractories manufacturer posted a standalone revenue from operations of ₹53,617 lakh for the quarter ended June 30, 2026, marking a modest increase from ₹52,430 lakh in the corresponding period last year.

Despite the top-line improvement, profitability contracted. Net profit after tax fell to ₹5,851 lakh, down from ₹6,300 lakh recorded in Q1FY26. This decline occurred even as pre-tax profits before exceptional items stood at ₹7,870 lakh, compared to ₹8,466 lakh a year earlier. The company’s earnings per share (EPS) also dipped to ₹2.88, lower than the ₹3.11 reported in the same quarter of FY26.

Quarterly Performance Snapshot

For the half-year period ending June 30, 2026, total income from operations reached ₹103,802 lakh, up from ₹100,852 lakh in H1FY26. Consolidated net profit for the six months was ₹11,436 lakh, a decrease from ₹12,231 lakh in the prior year’s corresponding period.

What the Numbers Show

The divergence between revenue growth and profit contraction highlights operational inefficiencies or cost pressures during the quarter. While revenue expanded by over ₹1,100 lakh year-on-year, net profit declined by nearly ₹450 lakh. This suggests that input costs or operating expenses may have risen faster than sales, compressing margins. The absence of exceptional items in the pre-tax profit figure confirms that this decline is driven by core operational dynamics rather than one-off gains or losses.

The results were reviewed by the Audit Committee and approved by the Board of Directors on August 12, 2026. Statutory auditors have issued an unmodified conclusion on the unaudited financial results. Vesuvius India operates as a single segment business focused on the manufacturing and sale of refractories.