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. In a move aimed at ensuring continuity and fostering sustained organizational growth, the company has elevated Punit S. Lalbhai to the position of Chairman, effective November 10, 2025.

Key Leadership Changes

Succession Planning in Action

The transition marks a pivotal moment in TAEL's corporate governance strategy. Sanjay S. Lalbhai, who has been instrumental in shaping the company's strategic direction, is stepping down from his role as Chairman and Non-Executive Director. This move is part of a well-planned succession strategy, demonstrating TAEL's commitment to smooth leadership transitions.

Punit S. Lalbhai, previously serving as Vice-Chairman and Non-Executive Director, will now take the helm as Chairman. His elevation is seen as a strategic step to maintain leadership continuity and drive the company's future growth initiatives.

Expanding the Board

In a related development, the board has appointed Kulin S. Lalbhai as an Additional Director in the capacity of Non-Executive Director, subject to shareholder approval. This appointment brings fresh perspectives to the board and strengthens the company's governance structure.

Family Ties and Professional Expertise

It's worth noting the family connections within the leadership:

• Kulin S. Lalbhai is the son of outgoing Chairman Sanjay S. Lalbhai and brother of newly appointed Chairman Punit S. Lalbhai.
• Kulin brings significant experience to his new role, serving as Vice Chairman of Arvind Limited, where he drives consumer and digital businesses.
• His educational background includes an MBA from Harvard Business School and a BS in Electrical Engineering from Stanford University.

Looking Ahead

Sanjay Lalbhai expressed confidence in the new leadership, stating, "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."

Punit Lalbhai, in his new role as Chairman, emphasized his commitment to the company's future, saying, "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."

These changes at The Anup Engineering Limited reflect a strategic approach to leadership succession and corporate governance, positioning the company for its next phase of growth and innovation in the engineering sector.