Shareholders of Walchandnagar Industries approved an amendment to the company’s Memorandum of Association (MOA) at the 117th Annual General Meeting held on August 11, 2026. The resolution updates Clause II of the MOA to specify that the registered office is situated in the State of Maharashtra, replacing the previous reference to the “Province of Bombay.” This administrative change ensures legal alignment following the relocation of the registered office from Mumbai to Pune, a move previously sanctioned by a special resolution on March 08, 2026.

The disclosure was made pursuant to Regulation 30 read with Part A of Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, along with relevant SEBI Circulars. The filing was submitted to the National Stock Exchange of India Ltd and BSE Ltd on August 12, 2026, referencing scrip code WALCHANNAG on NSE and 507410 on BSE.

Key Details of the Amendment

The alteration addresses the constitutional and legal positioning of the company’s registered office. While the physical shift occurred earlier in the fiscal year, the MOA required textual revision to reflect the current state jurisdiction accurately.

Regulatory Compliance and Execution

Giriraj Sharan Agrawal, Whole Time Director & Company Secretary of Walchandnagar Industries Ltd., signed the intimation letter dated August 12, 2026. The document confirms that the revised Clause II now reads: “The Registered Office of the Company will be situated in the State of Maharashtra.”

The company stated that this revision is necessary to align the MOA with the current legal and constitutional position after the registered office was shifted from Mumbai to Pune. A copy of the intimation has been made available on the company’s website, www.walchand.com .

What the Numbers Show

This filing is purely procedural and does not impact financial metrics or operational strategy. The amendment reflects standard corporate governance compliance following a geographic relocation of the registered office. No financial implications or capital expenditures are associated with this specific MOA update.

Walchandnagar Industries has returned to profitability in the first quarter of FY26, reporting a net profit of ₹1.18 crore compared to a net loss of ₹10.39 crore in Q1FY25. The turnaround was driven by an 83.76% year-on-year surge in revenue from operations, which reached ₹90.83 crore, alongside improved operational efficiency across its core segments. This performance signals a recovery for the engineering conglomerate after a challenging period that saw significant losses in the preceding fiscal year.

The Board of Directors, at a meeting held on August 11, 2026, approved the unaudited financial results for the quarter ended June 30, 2026. The results were reviewed by M/s. Jayesh Sanghrajka & Co. LLP, the statutory auditors of the company, in accordance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The audit committee had previously reviewed the financial statements before they were tabled before the board.

Financial Performance Highlights

Revenue from operations stood at ₹9,083 lakh for the quarter, a substantial increase from ₹4,943 lakh in the corresponding period of the previous year. Total income, including other income of ₹697 lakh, amounted to ₹9,780 lakh. Despite higher revenue, total expenditure also increased to ₹9,662 lakh from ₹6,435 lakh in Q1FY25, primarily due to higher cost of materials consumed and employee benefits expenses.

The company reported earnings per share (basic and diluted) of ₹0.17, improving from a loss per share of ₹1.54 in the previous year's quarter. Finance costs remained relatively stable at ₹1,001 lakh, while depreciation and amortization expenses increased to ₹312 lakh from ₹269 lakh.

Segment-Wise Analysis

The Heavy Engineering segment was the primary growth driver, contributing ₹7,011 lakh to segment revenue, up from ₹4,209 lakh in Q1FY25. This segment also delivered the highest segment result — profit before interest and tax — at ₹469 lakh, compared to just ₹28 lakh in the prior year. The Foundry and Machine Shop segment saw a dramatic recovery, with revenue jumping to ₹1,534 lakh from ₹202 lakh, and turning profitable with a segment result of ₹151 lakh against a loss of ₹149 lakh previously.

Capital employed for the company stood at ₹36,008 lakh as of June 30, 2026, slightly higher than ₹35,879 lakh at the end of FY25. The company recognized an expense of ₹57 lakh under the ESOP Scheme 2020 during the quarter, recorded under employee benefits expenses.

What the Numbers Show

The most notable aspect of this quarter is the divergence between revenue growth and expense management. While revenue grew by over 83%, total expenditure grew by only 50%, indicating significant operating leverage. Specifically, the cost of materials consumed rose to ₹5,340 lakh from ₹2,489 lakh, yet the company managed to turn a pre-tax loss of ₹1,039 lakh into a profit of ₹118 lakh. The turnaround in the Foundry and Machine Shop segment, moving from a loss to a profit, further underscores improved operational execution across all business units.