Xpro India Limited has disclosed potential delays in the completion of its Dielectric Films production line at Barjora due to financial difficulties faced by a key foreign supplier. The company, which specializes in polymer processing, made this announcement in a recent filing to the stock exchanges.

Project Status and Challenges

The Dielectric Films production line, currently in its final stages of installation, may experience setbacks in the completion of last-stage activities and acceptance tests. Xpro India emphasized that these unforeseen developments are beyond the company's control.

Mitigation Efforts

In response to the situation, Xpro India is taking several steps to address the potential delays:

1. Implementing appropriate mitigating measures
2. Actively engaging with the affected supplier
3. Collaborating with qualified third-parties to ensure project continuity

Company's Outlook

Despite the challenges, Xpro India remains optimistic about the project's future. The company stated that based on its current assessment, it does not anticipate:

• Fundamental impediments to the project's completion
• Issues with the intended performance of the production line
• Significant impact on its overall business plans

Transparency and Caution

Xpro India's disclosure was made in the interest of transparency and abundant caution. The company acknowledged that the actual outcomes may differ based on subsequent events and the pace of stabilization at the supplier's end.

Investor Considerations

While Xpro India maintains a positive outlook, investors should note that this situation introduces an element of uncertainty regarding the project's timeline. The company's ability to successfully navigate these challenges and minimize delays will be crucial in the coming months.

As the situation develops, stakeholders will likely keep a close eye on further updates from Xpro India regarding the progress of the Dielectric Films production line and any potential impact on the company's operations or financial performance.

Xpro India Limited , a leading polymer processing company, has announced significant changes to its senior management team, effective August 27, 2025. The restructuring, approved by the company's Board of Directors on July 28, 2025, aims to strengthen the organization's leadership and drive future growth.

Key Management Changes

1. C. Bhaskar, currently serving as Managing Director & Chief Executive Officer, will be re-designated as Managing Director. In this role, Bhaskar will continue to be the senior-most executive on the Board, subject to the Board's superintendence, control, and direction.

2. H. Bakshi, presently the Senior President & Chief Operating Officer, will be re-designated as Senior President. Additionally, effective January 15, 2026, Bakshi will take on the role of Senior President & Group Technical Counsel.

3. Girish Behal will be appointed as the new President & Chief Executive Officer, transitioning from his current position as President (Corporate) & Chief Strategy Officer. Behal will assume a leadership and operational role in the company.

New CEO Profile

Girish Behal brings a wealth of experience to his new role as President & CEO. With 23 years of global experience in the chemical and polymer industries, Behal has a proven track record in establishing new businesses, executing growth strategies, and enhancing profitability.

Prior to joining Xpro India Limited in October 2024, Behal served as the Business Head – Polyester Films & Specialty Polymers at Ester Industries Ltd since 2017. His professional background includes working with global companies such as AkzoNobel and Nippon Paint, where he held various roles spanning finance, strategy, operations, and business management.

Behal is a member of the Institute of Cost Accountants of India and holds a management degree from the Management Development Institute, Gurgaon.

Implications for Xpro India Limited

This strategic restructuring of the senior management team is expected to bring fresh perspectives and strengthen Xpro India Limited's position in the polymer processing industry. The company aims to leverage the diverse experiences and expertise of its leadership team to drive innovation, operational excellence, and sustainable growth.

All individuals involved in these changes will continue to serve as Key Management Personnel (KMP) of the company, ensuring continuity in leadership and strategic direction.

The management restructuring comes at a time when Xpro India Limited is focusing on expanding its manufacturing capabilities and exploring new market opportunities. With a strong leadership team in place, the company is well-positioned to navigate the evolving business landscape and capitalize on emerging trends in the polymer processing sector.

Xpro India Limited's shares are listed on the National Stock Exchange of India and BSE Limited. Investors and stakeholders will be keenly watching how these leadership changes impact the company's performance and strategic direction in the coming years.