The Anup Engineering Limited announced its unaudited financial results for the quarter ended December 31, 2025, showing mixed performance with revenue growth offset by declining profitability. The Board of Directors approved these results at their meeting held on February 3, 2026, with the statutory auditors providing an unmodified review conclusion.

Quarterly Financial Performance

The company's third quarter results demonstrate contrasting performance across key financial metrics, with revenue showing positive growth while profitability faced significant headwinds.

Impact of New Labour Codes

A significant factor affecting the quarter's performance was the implementation of New Labour Codes effective November 21, 2025. The Government of India consolidated 29 existing labour regulations into four Labour codes, resulting in a one-time material increase in employee benefit provisions. The company accounted for this impact as an exceptional item of ₹130.52 lakhs (net of taxes of ₹43.90 lakhs) in the standalone results.

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, the company showed stronger overall performance compared to the corresponding period last year.

Consolidated Results Overview

The consolidated financial results, including subsidiary Mabel Engineers Private Limited, showed similar trends with revenue from operations reaching ₹2,069.16 crores in Q3 FY26 compared to ₹1,717.38 crores in Q3 FY25. Consolidated net profit stood at ₹255.34 crores versus ₹302.14 crores in the corresponding quarter last year.

Corporate Governance and Equity

During the quarter, the company issued 5,000 equity shares under the Employees Stock Option Scheme, bringing the paid-up equity share capital to ₹200.32 crores. The company operates within a single business segment of engineering products, maintaining its focused approach to core operations.

HDFC Mutual Fund has announced a substantial increase in its shareholding in the anup engineering , raising its stake from 7.61% to 9.72% as of January 23, 2026. The disclosure was made under Regulation 29(2) of the Securities and Exchange Board of India (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Shareholding Details

The mutual fund acquired 4,24,682 additional shares through open market purchases, representing a 2.12% increase in shareholding. HDFC Asset Management Company Limited, acting as the investment manager for HDFC Mutual Fund schemes, communicated this development to The Anup Engineering Limited on January 27, 2026.

Company Capital Structure

The Anup Engineering Limited's paid-up equity share capital stands at Rs. 20,03,14,660, comprising 2,00,31,466 equity shares of Rs. 10 each. The company's shares are listed on both BSE Limited and National Stock Exchange of India Limited.

HDFC Schemes Involved

The acquisition was made across multiple HDFC Mutual Fund schemes managed by HDFC Trustee Company Limited:

• HDFC Defence Fund
• HDFC Children's Fund
• HDFC Retirement Savings Fund - Equity Plan
• HDFC Retirement Savings Fund - Hybrid-Debt Plan
• HDFC Retirement Savings Fund - Hybrid-Equity Plan
• HDFC Small Cap Fund
• HDFC Infrastructure Fund

Regulatory Compliance

The disclosure confirms that HDFC Mutual Fund does not belong to the promoter or promoter group of The Anup Engineering Limited. All shares acquired carry voting rights, with no encumbrances, warrants, or convertible securities involved in the transaction. The acquisition was completed through open market purchases, demonstrating the fund's confidence in the company's prospects.

Dinesh Bhakade, Deputy Vice President - Compliance at HDFC Asset Management Company Limited, signed the regulatory filing, ensuring full compliance with SEBI's substantial acquisition disclosure requirements.