The Anup Engineering Limited (TAEL), a leading manufacturer of static process equipment, has reported robust financial results for the second quarter of fiscal year 2026, alongside significant leadership changes and expansion plans.

Financial Highlights

TAEL demonstrated impressive growth in Q2 FY26, with consolidated revenue reaching ₹232.28 crore, marking a 20.3% increase year-over-year. The company's EBITDA also saw a substantial rise of 19%, reaching ₹51.3 crore.

Key financial metrics for Q2 FY26 include:

Despite the strong top-line growth, the company's Profit After Tax (PAT) showed a marginal decline of 1.5% due to the normalization of the effective tax rate to 25% compared to 14% in Q2 FY25.

Operational Performance

TAEL reported a healthy order book of ₹568 crore, including Letters of Intent worth ₹49 crore. This robust order book aligns with the company's growth guidance of 15-20% for the full year FY26. The company maintains a balanced mix between domestic and export orders, with a 55:45 ratio, indicating a pickup in domestic demand.

Expansion and Capacity Enhancement

The company has made significant strides in expanding its manufacturing capabilities:

1. Successfully commissioned Phase-2(A) at its Kheda Plant, with an annual revenue potential of ₹150-200 crore.
2. Phase-2(B) at the Kheda Plant is expected to be operational by the end of Q3 FY26, with a projected annual revenue potential of ₹100-150 crore.

These expansions are set to ensure adequate capacity to meet the company's medium-term growth targets.

Leadership Transition

In a significant development, TAEL announced a leadership change:

• Mr. Sanjay Lalbhai will step down from his position as Chairman and Non-Executive Director, effective November 10, 2025.
• Mr. Punit Lalbhai, currently serving as Vice-Chairman, will assume the role of Chairman of the company.

Mr. Sanjay Lalbhai commented on his departure, stating, "As part of our succession planning and to ensure continuity in leadership, I have decided to step down from my position. I am confident that under Punit's leadership, TAEL will continue to build on its strong foundation and deliver sustainable, long-term value for all stakeholders."

Mr. Punit Lalbhai, expressing his vision for the future, said, "I am honoured to take on the role of Chairman at The Anup Engineering Limited. As we move forward, I look forward to working closely with Mr. Reginaldo D'Souza, our Managing Director & Chief Executive Officer, and the entire TAEL team to drive innovation, strengthen customer relationships, and create enduring value for all stakeholders."

Outlook

TAEL maintains a positive outlook for the remainder of FY26:

• The company aims to maintain EBITDA margins at around 22% levels.
• With a strong order book and ongoing capacity expansions, TAEL is well-positioned to achieve its growth targets for the fiscal year.
• The balanced mix of domestic and export orders provides resilience to market fluctuations.

As The Anup Engineering continues its growth trajectory under new leadership, the company appears well-equipped to capitalize on opportunities in the static process equipment market, both domestically and internationally.

The Anup Engineering Limited (TAEL), a prominent manufacturer of static process equipment, has announced significant changes to its leadership structure and initiated a formal postal ballot process for shareholder approval of a key directorial appointment.

Leadership Transition Completed

The company has successfully elevated Punit S. Lalbhai to the position of Chairman, effective November 10, 2025, as part of a well-planned succession strategy. Sanjay S. Lalbhai stepped down from his role as Chairman and Non-Executive Director, marking a pivotal moment in TAEL's corporate governance.

Postal Ballot Process for Director Appointment

TAEL has now initiated a formal postal ballot process to seek shareholder approval for the appointment of Kulin S. Lalbhai (DIN: 05206878) as a Non-Executive Director. The company issued the postal ballot notice dated November 10, 2025, with comprehensive voting arrangements.

About Kulin S. Lalbhai

Kulin S. Lalbhai brings significant corporate experience to TAEL's board. He currently serves as Vice Chairman of Arvind Limited, driving consumer and digital businesses. His educational credentials include an MBA from Harvard Business School and a BSc in Electrical Engineering from Stanford University.

Family Connections and Governance

The appointment maintains family involvement in TAEL's leadership structure. Kulin S. Lalbhai is the son of outgoing Chairman Sanjay S. Lalbhai and brother of newly appointed Chairman Punit S. Lalbhai. He also holds directorships in several listed companies including Arvind Limited, Arvind SmartSpaces Limited, Arvind Fashions Limited, and Zydus Wellness Limited.

Voting Process and Compliance

The postal ballot will be conducted exclusively through remote e-voting via NSDL's platform at www.evoting.nsdl.com . Shareholders whose names appear in the Register of Members as on the cut-off date of January 2, 2026, are eligible to participate in the voting process. The company has appointed National Securities Depository Limited (NSDL) to provide the remote e-voting facility.

Punit Lalbhai, in his role as Chairman, emphasized his commitment to working closely with the management team to drive innovation and create value for stakeholders, while the postal ballot process ensures proper shareholder approval for the board expansion.