Talbros Automotive Components Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, accompanied by significant leadership changes that will reshape the company's management structure.

Financial Performance Overview

The company delivered strong financial performance in Q3FY26, with consolidated results showing robust growth across key metrics:

For the nine months ended December 31, 2025, the consolidated performance remained strong with total income of ₹64,789.41 lakhs compared to ₹63,379.31 lakhs in the corresponding period of the previous year. Net profit for the nine-month period stood at ₹7,249.25 lakhs versus ₹6,785.17 lakhs in the previous year.

Standalone Results

On a standalone basis, the company reported net profit of ₹2,098.52 lakhs for Q3FY26 compared to ₹1,866.07 lakhs in Q3FY25. The nine-month standalone net profit reached ₹5,879.85 lakhs against ₹5,662.07 lakhs in the previous year.

Major Leadership Restructuring

The Board of Directors approved a comprehensive leadership transition plan effective April 1, 2026. Naresh Talwar announced his decision to step down from the Chairman position on March 31, 2026, while continuing as Non-Executive Director.

Key Leadership Changes

Umesh Talwar, currently Vice Chairman and Managing Director, will be elevated to Executive Chairman-Whole Time Director for three years. Anuj Talwar will transition from Joint Managing Director to Managing Director, while Varun Talwar will assume the role of Vice Chairman and Managing Director.

Strategic Appointments

The company appointed Ashish Gupta as Chief Executive Officer and Key Managerial Personnel. Gupta brings over 35 years of experience across diverse industries and currently serves as CEO of Marelli Talbros Chassis Systems Private Limited, a joint venture between the company and Marelli Suspension Systems.

Corporate Governance Initiatives

The Board approved a postal ballot process to seek shareholder approval for the leadership changes. The cut-off date for determining eligible shareholders was fixed as February 23, 2026. Kiran Sharma, Practicing Company Secretary, was appointed as Scrutinizer for the postal ballot process.

Business Developments

The company acquired 26% equity share capital of CleanMax Kaziranga Private Limited, a special purpose vehicle for grid-connected captive solar power projects, investing ₹337.49 lakhs. This investment aims to secure solar power for captive consumption by manufacturing units in Haryana.

The financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on February 11, 2026. The results underwent limited review by statutory auditors J.C. Bhalla & Co., Chartered Accountants.

Talbros Automotive Components Limited has announced the acquisition of a 26% equity stake in CleanMax Kaziranga Private Limited, investing ₹3,37,49,520 to secure solar power for its manufacturing operations in Haryana. The company disclosed this strategic investment under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Strategic Solar Power Investment

The acquisition targets CleanMax Kaziranga Private Limited, a special purpose vehicle established specifically to develop and operate a grid-connected captive solar power project. This investment aligns with Talbros Automotive Components' strategy to obtain renewable energy for captive consumption across its manufacturing units in Haryana state.

Transaction Structure and Share Details

The investment comprises a carefully structured equity acquisition involving two categories of shares. The company has acquired 2,600 equity shares at face value of ₹10 each, along with 53,360 equity shares at face value of ₹10 each, carrying a premium of ₹622 per share.

Target Entity Background

CleanMax Kaziranga Private Limited operates as a special purpose vehicle under the group captive model framework established under the Electricity Act, 2003. The entity was incorporated on 26th September, 2024, specifically to generate and supply solar power to consumers. The company belongs to the renewable power production industry and focuses on developing sustainable energy solutions.

Regulatory Compliance and Independence

The acquisition does not constitute a related party transaction, with Talbros Automotive Components confirming that its promoters, promoter group, or group companies have no existing interest in CleanMax Kaziranga Private Limited beyond this investment. The transaction requires no additional governmental or regulatory approvals, streamlining the completion process.

Business Impact and Objectives

This strategic investment enables Talbros Automotive Components to secure a reliable source of renewable energy for its Haryana-based manufacturing facilities. The captive solar power model provides the company with greater energy cost control and supports its sustainability initiatives while ensuring consistent power supply for its automotive component manufacturing operations.