Alicon Castalloy , a prominent player in the Indian automotive components sector, has released its financial results for the second quarter ended September 30, revealing a mixed performance with some positive indicators amidst challenging market conditions.

Financial Performance Highlights

Alicon Castalloy's Board has approved the unaudited financial results for the quarter ended September 30. The company reported the following key figures:

Standalone Results

Consolidated Results

All figures in Rs. lakhs

Revenue and Profitability

The company experienced a decline in revenue on both standalone and consolidated bases. The standalone revenue from operations decreased by approximately 8.75% year-over-year, while the consolidated revenue saw a reduction of about 9.35%.

Alicon Castalloy's net profit also saw a significant decrease. On a standalone basis, net profit declined by about 37.14%, while the consolidated net profit decreased by approximately 28.43% compared to the same quarter in the previous year.

Corporate Governance Update

In a significant development, Alicon Castalloy has announced the appointment of Ms. Sneha Shukla as the new Company Secretary and Compliance Officer, effective November 10. Ms. Shukla brings valuable experience to her new role:

• Associate Member of the Institute of Company Secretaries of India
• 7 years of experience in secretarial and legal fields

This appointment is expected to strengthen the company's corporate governance and compliance functions.

Looking Ahead

While Alicon Castalloy faces challenges in terms of revenue growth and profitability, the company's performance in the coming quarters will be closely watched by investors and industry analysts. The automotive components sector continues to navigate a complex market environment, and Alicon Castalloy's ability to adapt to these conditions will be crucial.

As the company moves forward, stakeholders will be keen to see if Alicon Castalloy can implement strategies to address the decline in revenue and profitability while maintaining operational efficiency. The impact of broader market trends on the company's performance will also be an area of focus in the upcoming quarters.

Alicon Castalloy Ltd, a prominent player in the automotive components industry, has announced significant changes to its leadership team, setting the stage for a smooth transition in its top management.

New CEO-Designate

Sumit Bhatnagar has been appointed as the Chief Executive Officer-Designate of Alicon Castalloy, effective September 22, 2025. Bhatnagar is set to succeed the current CEO, Rajeev Sikand, who will superannuate on March 31, 2026.

Bhatnagar brings a wealth of experience to his new role, with over 26 years in the automotive industry. His expertise spans various domains, including business development, operations, technology transfer, supply chain management, and human resources.

Professional Background

Prior to this appointment, Bhatnagar has held several key positions:

• Group President of ANAND since January 2017
• Managing Director of ANEVOLVE since January 2022
• Member of the Anand Executive Board since 2021
• Head of Group Excellence in Manufacturing since 2022

His previous roles include serving as Senior Vice President and COO of Gabriel India Limited from June 2011 to December 2017, and as Business Head and General Manager at Anand CY Myutec from July 2008 to May 2011.

Educational Qualifications

Bhatnagar holds a BE in Production Engineering from Jawaharlal Nehru Engineering College, Aurangabad, and a PGDBM in Finance and Strategy from the Indian Institute of Management, Kozhikode, which he completed in 2011.

New CHRO Appointment

In addition to the CEO transition, Alicon Castalloy has also appointed Ashish Srivastava as the new Chief Human Resource Officer, effective September 25, 2025. This appointment further strengthens the company's leadership team.

Shareholding and Board Relations

It's worth noting that Sumit Bhatnagar currently holds no shares in Alicon Castalloy and is not related to any of the company's board directors. In contrast, the outgoing CEO, Rajeev Sikand, holds 508,638 shares in the company.

Regulatory Compliance

The company has confirmed that Sumit Bhatnagar is not debarred from holding the office of CEO pursuant to any SEBI order or order of any such authority, ensuring compliance with regulatory requirements.

These strategic appointments and the planned transition demonstrate Alicon Castalloy's commitment to maintaining strong leadership and ensuring continuity in its operations. As the company prepares for this change in leadership, stakeholders will be keenly watching how these new appointments will shape the future direction of Alicon Castalloy in the competitive automotive components industry.