National Fittings Limited has successfully concluded its postal ballot e-voting process, with shareholders unanimously approving a special resolution to relocate the company's registered office from Tamil Nadu to Gujarat. The company has officially communicated the results to Bombay Stock Exchange Limited through a formal filing dated February 14, 2026.

Official BSE Communication

S. Aravinthan, Compliance Officer of National Fittings Limited, submitted the postal ballot results to BSE's Corporate Relationship Department. The official communication confirms that Postal Ballot 02/25-26 for shifting the registered office from Tamil Nadu to Gujarat was passed by shareholders as a special resolution.

E-Voting Process Details

The postal ballot process was conducted in accordance with Section 108 of the Companies Act, 2013, and relevant MCA circulars. B. Krishnamoorthi, a practicing Chartered Accountant from Coimbatore, served as the appointed scrutinizer to ensure fair and transparent voting procedures.

Voting Results

The e-voting results demonstrate strong shareholder support for the proposed office relocation:

Regulatory Compliance

The company adhered to all regulatory requirements during the postal ballot process. National Securities Depository Limited (NSDL) provided the e-voting platform, while MUFG Intime India Private Limited (formerly Link Intime India Private Limited) served as the Registrar and Share Transfer Agent.

The postal ballot notice, dated January 07, 2026, was sent electronically to all eligible members whose email addresses were registered with the company or depositories. This approach aligned with MCA circulars that permit electronic-only distribution of postal ballot notices.

Office Relocation Details

The approved special resolution authorizes National Fittings Limited to shift its registered office from its current location at 112 Madhapur Road, Kaniyur Village, Karumathampatti, Coimbatore-641659 in Tamil Nadu to a new location in Gujarat state. The scrutinizer confirmed that the resolution passed with the requisite majority as specified under the Companies Act, 2013, making the office relocation proposal legally binding and effective.

National Fittings Limited has delivered impressive financial performance for the third quarter of FY26, reporting a substantial 180.17% increase in net profit to ₹292.51 lakhs compared to ₹104.40 lakhs in the corresponding quarter of the previous year. The Coimbatore-based pipe fittings manufacturer announced these results for the quarter ended December 31, 2025, showcasing strong operational efficiency and revenue growth.

Strong Revenue Performance

The company's revenue from operations demonstrated solid growth, increasing 13.52% year-on-year to ₹2,363.62 lakhs in Q3FY26 from ₹2,082.13 lakhs in Q3FY25. Including other income of ₹104.00 lakhs, total income for the quarter reached ₹2,467.62 lakhs compared to ₹2,139.72 lakhs in the previous year.

Operational Efficiency Improvements

The company's operational performance showed marked improvement with profit from operations before exceptional items rising to ₹292.30 lakhs in Q3FY26 from ₹164.66 lakhs in Q3FY25, representing a 77.52% increase. Total expenditure for the quarter was ₹2,175.31 lakhs compared to ₹1,975.07 lakhs in the previous year, indicating controlled cost management despite higher business volumes.

Key expense components included cost of material consumed at ₹1,370.10 lakhs, employee benefits expense of ₹280.53 lakhs, and other expenses totaling ₹358.69 lakhs. The company benefited from a favorable change in inventories of ₹265.99 lakhs during the quarter.

Nine-Month Performance Overview

For the nine-month period ended December 31, 2025, National Fittings reported revenue from operations of ₹6,786.09 lakhs compared to ₹5,464.80 lakhs in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹738.83 lakhs, while operational profit before exceptional items reached ₹929.42 lakhs.

Earnings Per Share and Financial Position

The company's earnings per share (EPS) for Q3FY26 improved significantly to ₹3.22 compared to ₹1.15 in Q3FY25. For the nine-month period, EPS stood at ₹8.13. The company maintains a paid-up equity share capital of ₹908.32 lakhs with face value of ₹10 per share, while reserves excluding revaluation reserves increased to ₹7,837.26 lakhs.

Regulatory Compliance and Board Approval

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 4, 2026, at the company's facility located at S.F.No.112, Madhapur Road, Kaniyur Village, Karumathampatti Via, Coimbatore. The meeting commenced at 11:00 AM and concluded at 12:55 PM. The statutory auditors conducted a limited review of the financial results without any qualification or modification, confirming the accuracy of the reported figures.

National Fittings operates in a single business segment of manufacturing pipe fittings and maintains its manufacturing facilities in Coimbatore. The company has filed the quarterly results with the Bombay Stock Exchange under Regulation 33 compliance requirements.