Repro India Limited announced its unaudited financial results for the quarter ended December 31, 2025, alongside significant corporate developments including a major property sale and board changes. The printing solutions company reported mixed performance with strategic moves aimed at optimizing capital allocation.

Financial Performance for Q3FY26

The company's consolidated financial results showed a return to profitability in the third quarter. Key performance metrics demonstrate the company's operational dynamics:

For the nine months ended December 31, 2025, the company reported consolidated revenue from operations of ₹35,451 lakhs compared to ₹34,289 lakhs in the corresponding period of the previous year. However, the company recorded a loss after tax of ₹2,204 lakhs for the nine-month period, primarily impacted by exceptional items of ₹1,805 lakhs related to employee settlement costs.

Strategic Property Sale Approved

The Board of Directors approved a significant asset monetization initiative involving the sale of non-operational immovable property. The transaction details include:

This strategic decision forms part of the company's ongoing efforts to optimize capital allocation, monetize non-core assets, and unlock long-term value. The property was previously used for manufacturing activities that have remained non-operational for the past eight years. The sale will not impact the company's ongoing business operations, as the property is currently categorized as a non-operational asset.

Board Changes and Corporate Governance

Ms. Bhumika Batra (DIN: 03502004) tendered her resignation as Independent Director, effective from the close of business hours on February 13, 2026, citing personal reasons and pre-occupation. She also ceased to be Member and Chairman of various Board Committees. The Board reconstituted these Committees in accordance with applicable regulatory requirements and placed on record its appreciation for her valuable contributions during her tenure.

Ms. Batra holds directorships in several other listed entities including Jyothy Labs Limited, Hinduja Global Solutions Limited, Sudarshan Chemical Industries Limited, and Deepak Nitrate Limited, where she serves in various committee positions.

Operational Developments

During the quarter ended December 31, 2025, the company allotted 21,850 equity shares of face value ₹10 each upon exercise of stock options by employees under the Company's Employee Stock Option Scheme. The paid-up equity share capital increased to ₹1,434 lakhs from ₹1,432 lakhs in the previous quarter.

The company also addressed the implementation of New Labour Codes, which became effective from November 21, 2025. These codes consolidate 29 existing labour legislations into four unified frameworks, and the company has estimated and accounted for incremental liability of gratuity and long-term absences for its employees.

Settlement of Industrial Dispute

The exceptional items of ₹1,805 lakhs recorded in the previous quarter related to a Settlement Agreement dated October 13, 2025, with the union representing workers of the Mahape Plant. This one-time cost included employment settlement and other associated expenses, resulting in the complete resolution of the long-standing industrial dispute and withdrawal of all related legal proceedings.

Repro India Limited has notified the stock exchanges regarding a structural change in its statutory auditor's organization. The company informed BSE Limited and National Stock Exchange of India Limited on January 19, 2026, about the conversion of its auditing firm into a Limited Liability Partnership structure.

Auditor Firm Conversion Details

The statutory auditors M S K A & Associates, Chartered Accountants have converted their firm into a Limited Liability Partnership under the provisions of the Limited Liability Partnership Act, 2008. The conversion became effective from January 13, 2026, with the firm now operating under the name M S K A & Associates LLP, Chartered Accountants.

Continuity of Audit Services

The newly formed M S K A & Associates LLP will continue to function as the statutory auditors of Repro India Limited. The firm will discharge all obligations and responsibilities as statutory auditors for the remaining period of their approved tenure. This conversion ensures no disruption to the company's audit processes and regulatory compliance requirements.

Regulatory Communication

The intimation was communicated to both major stock exchanges where Repro India Limited is listed. The notification was sent to BSE Limited, where the company trades under scrip code 532687, and to the National Stock Exchange of India Limited, where it is listed under the symbol REPRO. Company Secretary and Compliance Officer Almina Shaikh signed the regulatory disclosure on behalf of the company.

This structural change represents a routine corporate development that maintains audit continuity while providing the auditing firm with the benefits of LLP structure under Indian corporate law.