Aztec Fluids & Machinery Limited , a leading player in the fluid machinery sector, has taken a significant step towards employee empowerment by approving the Employee Stock Option Plan 2025 (ESOP 2025). This move, announced on November 21, 2025, aims to align employee interests with the company's long-term growth objectives.

Key Features of ESOP 2025

The ESOP 2025, subject to shareholder approval, includes the following notable aspects:

Implications and Outlook

The introduction of ESOP 2025 signifies Aztec Fluids & Machinery's commitment to fostering a sense of ownership among its employees. By offering stock options, the company aims to:

1. Attract and retain top talent in the competitive fluid machinery industry
2. Motivate employees to contribute to the company's long-term success
3. Create a stronger alignment between employee and shareholder interests

Regulatory Compliance and Next Steps

The ESOP 2025 has been structured in compliance with the Securities and Exchange Board of India (SEBI) regulations. The company has emphasized that the plan remains subject to shareholder approval, indicating a transparent approach to its implementation.

Pulin Vaidhya, Managing Director of Aztec Fluids & Machinery Limited, signed off on the announcement, underlining the board's support for this initiative. The company will provide further details, including significant terms of the ESOP, in the explanatory statement forming part of the upcoming postal ballot notice.

As Aztec Fluids & Machinery moves forward with this employee-centric initiative, stakeholders will be keenly watching how it impacts the company's performance and employee satisfaction in the coming years.

Aztec Fluids & Machinery Limited (AFML) has reported a significant increase in its consolidated profit for the half-year ended September 30, 2025. The company's financial performance shows robust growth, with nearly complete utilization of its Initial Public Offer (IPO) proceeds.

Financial Highlights

AFML posted a consolidated profit of Rs 422.68 crore for the half-year ended September 30, 2025, marking a 41.7% increase from Rs 298.25 crore in the previous period. The company's revenue from operations rose to Rs 4,892.04 crore, up from Rs 4,235.33 crore in the preceding half-year.

Operational Performance

The company's operational efficiency is evident from its improved profit margins. Despite a 12% increase in total revenue, AFML managed to boost its profit before tax by 51.1%, indicating effective cost management and operational optimization.

IPO Proceeds Utilization

AFML has made significant progress in utilizing its IPO proceeds. Out of the total Rs 2,412 crore raised, the company has utilized Rs 2,411.71 crore, leaving only Rs 0.29 crore unutilized. This represents a 99.99% utilization rate of the IPO funds.

The IPO proceeds were allocated as follows:

1. Acquisition of equity shares of Jet Inks Private Limited: Rs 1,399.71 crore
2. Repayment of certain borrowings: Rs 372 crore
3. General corporate purposes: Rs 640 crore

The company stated that the remaining Rs 0.29 crore pertains to a foreign shareholder, for whom the remittance process is currently underway.

Balance Sheet Strength

As of September 30, 2025, AFML's balance sheet shows a strong financial position:

• Total assets increased to Rs 10,327.90 crore from Rs 8,880.73 crore as of March 31, 2025
• Shareholders' funds (including reserves and surplus) grew to Rs 5,434.78 crore from Rs 5,012.09 crore

Future Outlook

The substantial growth in revenue and profitability, coupled with the strategic utilization of IPO proceeds, positions AFML for potential future expansion and market opportunities. The company has not provided specific forward-looking statements at this time.