De Nora India Limited , a leading company in electrode technologies, has announced its unaudited financial results for the quarter and half-year ended September 30, 2025, along with significant changes to its board of directors.

Financial Performance

The company reported a strong financial performance for the second quarter of 2025:

The company's revenue from operations for Q2 2025 increased by 20.45% compared to Q2 2024, while the profit for the period grew by 18.01%. For the half-year, revenue from operations saw a significant jump of 106.56%, with profit increasing by 15.59%.

Board Changes and Appointments

De Nora India Limited announced several changes to its board composition:

1. New Appointment: Mr. Guido Picari has been appointed as an Additional Director (Non-Executive and Non-Independent) with effect from November 5, 2025. Mr. Picari brings over 15 years of international experience in finance and treasury management.

2. Re-appointment: Mr. Purushottam Mantri has been re-appointed as an Independent Director for a second term of five years, from February 5, 2026, to February 4, 2031, subject to shareholder approval. Mr. Mantri has over four decades of experience in corporate law and compliance.

3. Resignation: Mr. Robert Scannell has resigned from his position as Non-Executive Director, effective from the close of business hours on November 5, 2025, citing his superannuation from the De Nora Group.

Other Key Developments

• The company has approved a postal ballot notice to seek shareholder approval for the appointment of Mr. Deepak Nagvekar as Whole-time Director, the formal appointment of Mr. Guido Picari, and the re-appointment of Mr. Purushottam Mantri.
• Remote e-voting for these resolutions will commence on November 16, 2025, and conclude on December 15, 2025.
• During Q2 2025, the company recognized provisions of ₹427.15 lakhs relating to warranty, based on past warranty claims and other relevant factors.

The board meeting that approved these results and changes commenced at 3:30 PM (IST) and concluded at 5:30 PM (IST) on November 5, 2025.

These developments reflect De Nora India's commitment to strong corporate governance and strategic growth. The company's financial performance demonstrates resilience and growth in the challenging business environment of 2025.

De Nora India Limited , a leading company in the electrochemical and water treatment solutions sector, has announced a significant change in its leadership structure. The company's Board of Directors has appointed Deepak Nagvekar, the current Chief Financial Officer (CFO), as an Additional Director in the category of Whole-time Director, effective September 18, 2025.

Appointment Details

The appointment, which follows the recommendation of the Nomination and Remuneration Committee, marks a new chapter in Nagvekar's long-standing association with De Nora India. His term as Whole-time Director is set for three years, extending from September 18, 2025, to September 17, 2028, subject to shareholder approval.

Nagvekar's Professional Background

Deepak Nagvekar brings a wealth of experience to his new role:

• Education: Commerce graduate, qualified Chartered Accountant with a Diploma in Information Systems Audit
• Experience: Over 25 years of professional experience in finance, accounting, taxation, audit, strategy, risk management, and corporate governance
• Tenure with De Nora India: Joined the company on November 15, 2007, serving for more than 18 years

Key Contributions

During his tenure at De Nora India, Nagvekar has been instrumental in:

• Managing end-to-end financial operations
• Overseeing budgeting and forecasting
• Enhancing working capital management
• Strengthening internal financial controls
• Implementing effective risk management practices

Strategic Role

Nagvekar has played a pivotal role in aligning the company's financial policies with its corporate objectives. His efforts have been crucial in:

• Supporting business growth
• Driving strategic initiatives
• Monitoring financial performance
• Ensuring compliance with regulations governing listed companies in India

Board's Decision

The appointment was made at a board meeting held on September 18, 2025. Following this decision, Nagvekar will be designated as Whole-time Director and CFO, subject to shareholder approval.

Regulatory Compliance

De Nora India Limited has duly informed the National Stock Exchange of India Ltd. and BSE Limited about this appointment, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

This strategic move by De Nora India Limited to elevate a long-standing finance professional to a key leadership position underscores the company's commitment to leveraging internal talent and ensuring continuity in its financial stewardship.