Filtron Engineers Ltd. reported its financial results for the quarter and nine months ended December 31, 2025, demonstrating a significant turnaround in consolidated performance while facing challenges in standalone operations. The Board of Directors approved these results on February 14, 2026.

Consolidated Financial Performance Shows Strong Recovery

The consolidated results revealed a remarkable transformation in the company's financial position. The consolidated profit after tax reached Rs 10,913.44 thousand for Q3FY26, marking a substantial improvement from the loss of Rs 632.00 thousand recorded in Q3FY25.

Nine-Month Consolidated Performance

For the nine months ended December 31, 2025, the consolidated results showed continued strength with profit after tax of Rs 9,591.18 thousand compared to a loss of Rs 2,916.81 thousand in the corresponding period of the previous year. Revenue from operations for the nine-month period stood at Rs 1,09,495.27 thousand versus Rs 2,500.00 thousand in the previous year.

Standalone Results Reflect Operational Challenges

The standalone financial performance presented a different picture, with the company reporting a loss of Rs 850.07 thousand for Q3FY26 compared to Rs 632.00 thousand loss in Q3FY25. Key standalone metrics included:

Strategic Acquisition Drives Consolidated Growth

The strong consolidated performance was primarily attributed to the company's acquisition of 100% equity shares of Gabrielle Infra Speciality Private Limited (GISPL) comprising 5,10,000 equity shares of Rs 10 each for a consideration of Rs 6420.90 lakhs. The acquisition was completed through the issuance of 4,50,000 equity shares and 1,92,09,000 0.5% Non-Convertible Compulsorily Redeemable Preference Shares of Rs 10 each to GISPL shareholders.

Corporate Restructuring and Governance Changes

Following the acquisition and completion of regulatory approvals, significant corporate changes occurred:

• The company issued 1,59,00,000 equity shares on preferential basis to persons other than promoters at Rs 10 per share
• Erstwhile promoters of GISPL became the new promoters of Filtron Engineers
• The board of directors and committees were restructured as communicated on January 19, 2026
• An open offer was completed under SEBI Substantial Acquisition of Shares and Takeover Regulations, 2011

Expense Analysis and Operational Metrics

The consolidated results showed substantial operational activity with cost of material consumed at Rs 98,301.93 thousand and employee benefit expenses of Rs 3,359.96 thousand for Q3FY26. The company also reported a positive change in inventories of Rs 8,166.42 thousand, indicating inventory reduction during the quarter.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors, with statutory auditors S.H. Sane & Co. conducting limited reviews of both standalone and consolidated results in accordance with Indian Accounting Standards and SEBI regulations.

Filtron Engineers Limited witnessed a major ownership transformation as Jayesh Rawal acquired a substantial 35.42% stake through preferential allotment on December 17, 2025. The acquisition, disclosed under SEBI Regulation 29, marks Rawal's transition from zero shareholding to becoming a proposed promoter of the company.

Acquisition Details

Jayesh Rawal acquired 2.25 crore equity shares of ₹10 each through preferential allotment, representing a significant stake in the company's expanded equity base:

Pre and Post Acquisition Holdings

The regulatory filing reveals a complete transformation in Rawal's shareholding pattern:

Capital Structure Impact

The preferential allotment has significantly expanded Filtron Engineers' equity base, reflecting the company's strategic capital restructuring:

Promoter Status Transition

Jayesh Rawal's acquisition represents his emergence as a proposed promoter of Filtron Engineers, transitioning from non-promoter status to holding a commanding stake in the company. This substantial acquisition aligns with the company's recent strategic initiatives and capital restructuring activities.

Regulatory Compliance

The disclosure filed under SEBI's Substantial Acquisition of Shares and Takeovers Regulations, 2011, ensures full transparency regarding the ownership change. The preferential allotment method indicates a structured approach to bringing in strategic investors as part of the company's expansion plans.

This significant stake acquisition by Jayesh Rawal positions him as a key decision-maker in Filtron Engineers' future strategic direction and growth initiatives.