RIR Power Electronics Limited announced its unaudited standalone financial results for the third quarter and nine months ended December 31, 2025. The Board of Directors approved these results at their meeting held on February 9, 2026, with the session commencing at 10:00 a.m. and concluding at 11:45 a.m.

Financial Performance Overview

The company's financial performance for Q3FY26 showed mixed results compared to the previous quarter and year-ago period. Revenue from operations declined sequentially but showed growth on a year-over-year basis.

Nine-Month Performance

For the nine months ended December 31, 2025, RIR Power Electronics demonstrated strong performance across key financial metrics compared to the corresponding period in the previous year.

Expense Analysis

The company's expense structure for Q3FY26 totaled ₹2,006.24 lakhs compared to ₹1,849.93 lakhs in Q3FY25. Key expense components included:

• Cost of Materials Consumed: ₹1,178.73 lakhs
• Employee Benefits Expenses: ₹348.08 lakhs
• Other Expenses: ₹261.65 lakhs
• Purchases of Stock in Trade: ₹184.53 lakhs

The company benefited from a positive change in inventories of finished goods and work-in-progress, recording ₹32.46 lakhs compared to ₹24.46 lakhs in the previous year quarter.

Key Corporate Developments

Several significant developments occurred during the reporting period:

• Government Grant: The company received an additional grant of ₹2,600.55 lakhs sanctioned from the State Government of Odisha for setting up the Odisha project, with ₹971.54 lakhs actually received during the quarter
• Subsidiary Divestment: The company sold its entire holdings in wholly owned subsidiary Visicon Electronics Pvt. Ltd. during Q2FY26, resulting in loss of control effective July 26, 2025
• Employee Stock Plan: Shareholders approved the 'RIR Power Electronics Limited Employees Stock Ownership Plan - 2025' through a special resolution dated January 15, 2026

Earnings Per Share and Capital Structure

The company's earnings per share for Q3FY26 stood at ₹0.06 (basic) and ₹0.06 (diluted), compared to ₹0.19 (basic) and ₹0.17 (diluted) in Q3FY25. The paid-up equity share capital increased significantly to ₹1,591.45 lakhs from ₹767.37 lakhs in the previous year, reflecting a face value of ₹2 per share.

Audit and Compliance

The financial results underwent limited review by statutory auditors Kirtane & Pandit LLP, who confirmed that the statements comply with applicable accounting standards and SEBI regulations. The results were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under the Companies Act, 2013.

RIR Power Electronics Limited has announced the appointment of N Ramesh Kumar as the company's new Managing Director and Chief Executive Officer, effective February 11th, 2026. The Board of Directors approved this strategic leadership transition on February 9th, 2026, following recommendations from the Nomination and Remuneration Committee.

Leadership Transition Details

The appointment marks a significant change in the company's executive structure, with Kumar's tenure as MD & CEO spanning 4 consecutive years until February 10th, 2030, subject to shareholder approval and statutory requirements. The leadership transition involves multiple key personnel changes designed to strengthen the organization's strategic direction.

Outgoing Leadership Changes

As part of this transition, current leadership roles are being restructured to optimize operational efficiency:

• Ramesh G. Trasi, who has served as CEO for over 22 years, will transition to the role of Chief Technology Officer, where he will continue to drive RIR Power Electronics' technology and innovation roadmap
• Mrs. Bhavna H. Mehta will step down as Managing Director effective close of business hours on February 10th, 2026, but will continue serving the company as a Director

Professional Background and Experience

N Ramesh Kumar brings over 42 years of extensive experience in driving growth across sales & marketing, business development, and P&L-led business management spanning multiple product lines and geographies. As a strategic leader, he has consistently strengthened market share through focused expansion, new product development, and brand-building initiatives.

Previously, as Global Business Head of Industrial Products and Solutions at CG Power and Industrial Solutions Limited, he successfully scaled operations, managed complex portfolios, and delivered sustained profitability. He served as a member of CG Power Executive Committee, the highest decision-making body under the Board, where he played a key role in shaping the company's business strategy.

Leadership Statements

Dr. Harshad Mehta, Non-Executive Chairman of RIR Power Electronics Ltd, commented on the appointment: "We are pleased to welcome N. Ramesh Kumar as the new MD and CEO of RIR Power Electronics Ltd. We are confident that under his dynamic leadership, RIR will accelerate innovation, drive strategic execution and strengthen operational excellence across the organization."

N Ramesh Kumar expressed his commitment: "I am honored to take the role of MD and CEO at RIR Power Electronics Ltd. and build on the company's strong foundation. With the support of our highly talented and committed team, I look forward to leading RIR into its next phase of growth."

Company Profile

RIR Power Electronics Limited is a global pioneer in high-power semiconductor solutions, driving innovation and energy efficiency. The company's portfolio includes high-performance semiconductor devices, assemblies, and energy management systems that enable customers to address the evolving demands of modern energy systems. Listed on the Bombay Stock Exchange under scrip code 517035, RIR stands at the forefront of sustainable energy innovation, powering progress through breakthrough technologies.