Harsha engineers International Limited has formally notified stock exchanges about its upcoming Board of Directors meeting scheduled for February 5, 2026. The meeting will focus on reviewing and approving the company's financial performance for the third quarter of fiscal year 2026.

Board Meeting Details

The company has communicated to both BSE Limited and National Stock Exchange of India Limited regarding the scheduled board meeting. The primary agenda includes consideration and approval of standalone and consolidated unaudited financial results for specific reporting periods.

Regulatory Compliance

The board meeting notification has been issued pursuant to Regulation 29 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. This regulatory framework mandates listed companies to inform stock exchanges about board meetings where financial results will be considered. The financial results to be reviewed fall under Regulation 33 of the same SEBI regulations, which governs the disclosure of financial results by listed entities.

Investor Engagement Initiative

Harsha Engineers International Limited will conduct an investor and analyst call on February 5, 2026, coinciding with the board meeting date. This call will provide stakeholders with insights into the company's financial performance for the quarter and nine months ended December 31, 2025. The company has indicated that detailed information regarding the investor call, including timing and access details, will be published on its official website in due course.

Corporate Communication

The formal intimation was signed by Kiran Mohanty, Company Secretary and Chief Compliance Officer, with membership number F9907. The communication was addressed to the listing departments of both major Indian stock exchanges, with BSE script code 543600 and NSE symbol HARSHA. The company maintains its corporate and registered office at Sarkhej-Bavla Road, Changodar, Ahmedabad, Sanand, Gujarat, and operates under CIN L29307GJ2010PLC063233.

Harsha Engineers International Limited , a leading manufacturer of precision bearing cages, has reported mixed results for the second quarter of fiscal year 2026, with a notable turnaround in its Romania subsidiary.

Key Highlights

• Consolidated engineering business revenue reached INR 363.00 crores, up from INR 349.00 crores in the previous quarter
• India Engineering business achieved 15% quarter-over-quarter topline growth and 10% half-yearly growth
• Romania subsidiary posted strong 38% topline growth and positive EBITDA after several quarters of losses
• Combined subsidiary losses reduced to INR 2.00 crores in the first half from INR 17.00 crores in the previous full year
• EBITDA margins declined due to raw material price pass-through lag and operational challenges at the new Bhayla facility

Segment Performance

Bronze Bushing Vertical

• Robust 25% sales growth, reaching INR 55.00 crores in the first half
• Management expects to achieve INR 130.00 crores in sales for the full year, up from INR 100.00 crores last year

Large-Sized Cages

• Strong 33% growth, with sales of INR 27.00 crores in the first half
• Management remains optimistic about long-term potential in this segment

Stamping Business

• Experienced a slight degrowth, primarily due to reduced demand in the air conditioning segment

Romania Subsidiary Turnaround

The company's Romania subsidiary has shown significant improvement, posting a 38% topline growth and achieving positive EBITDA for the first time in several quarters. This turnaround is attributed to:

1. Improved finished product sales
2. Increased demand for semi-finished casting
3. Ongoing cost reduction initiatives

Challenges and Outlook

While the company has seen improvements in various segments, it faces some challenges:

1. EBITDA margin decline due to raw material price pass-through lag
2. Operational challenges at the new Bhayla facility under Harsha Advantek subsidiary
3. Cautious outlook on the sustainability of European demand

Despite these challenges, management maintains guidance for high single-digit consolidated topline growth for the full year.

Capex and Future Plans

• The company spent INR 68.00 crores on capex in the first half of FY2026
• Developed 258 new SKUs, indicating a strong product pipeline
• Management expects the Bhayla facility to reach optimal capacity utilization in 2-2.5 years

Vishal Rangwala, CEO of Harsha Engineers International Limited, commented on the results, stating, "Overall, our performance is in line with our expectations. We are delighted that after several quarters, Harsha Romania has posted strong top line growth and reported positive EBITDA, which further strengthens our optimism."

The company remains focused on improving its product mix, particularly in the Romania subsidiary, and capitalizing on growth opportunities in the bronze bushing and large-sized cage segments. While challenges persist, Harsha Engineers' management appears cautiously optimistic about the company's future prospects.