Walchand PeopleFirst Limited delivered exceptional financial performance in Q3FY26, with the training services company reporting a remarkable 513% year-on-year increase in net profit after tax. The Mumbai-based company's strong results reflect robust operational performance across key financial metrics.

Financial Performance Highlights

The company's financial results for the quarter ended December 31, 2025, demonstrate significant improvement across all major parameters:

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company maintained strong momentum with substantial growth across key metrics:

Board Meeting and Policy Amendment

The Board of Directors, in their meeting held on January 16, 2026, approved the amendment to the Policy for Determination of Disclosure of Material Events under SEBI regulations. The meeting commenced at 1:27 PM and concluded at 3:00 PM at the company's registered office in Mumbai.

The board authorized key management personnel to determine materiality of events for disclosure purposes under Regulation 30(5) of SEBI (LODR) Regulations, 2015:

Regulatory Compliance Framework

The amended policy establishes a comprehensive framework for determining materiality of events based on quantitative and qualitative parameters. The policy incorporates recent amendments to SEBI (LODR) regulations and provides clear guidelines for disclosure timelines:

Operational Efficiency and Cost Management

The company demonstrated improved operational efficiency with total expenses growing at a slower pace than revenue. Employee benefit expenses increased to ₹416.17 crores in Q3FY26 from ₹403.32 crores in Q3FY25. Other operating expenses decreased to ₹255.93 crores from ₹259.88 crores year-on-year, indicating effective cost management strategies.

Other income contributed significantly to the quarter's performance, reaching ₹79.49 crores compared to ₹4.64 crores in Q3FY25. This substantial increase includes income from fair valuation of financial assets amounting to ₹31.35 crores for the quarter.

Impact of New Labor Codes

The company has recognized the financial impact of new labor codes implemented by the Government of India on November 21, 2025. These codes consolidate and rationalize 29 existing labor laws, and the company has accounted for the impact on gratuity liability based on management estimates and actuarial valuation.

The company operates exclusively in the training segment and maintains a paid-up equity share capital of ₹290.39 crores with shares having a face value of ₹10 each. The trading window for designated persons remains closed until January 20, 2026, in accordance with insider trading regulations.

Walchand Peoplefirst , a company listed on the Bombay Stock Exchange (BSE: 501370), has made significant announcements following its board meeting held on July 31, 2025. The company's Board of Directors convened to discuss and approve key matters, including financial results and a new appointment to its leadership team.

Quarterly Financial Results Approved

The board has approved the unaudited financial results for the quarter ended June 30, 2025. These results, accompanied by a Limited Review Report from the company's auditors, mark an important milestone in Walchand PeopleFirst's financial calendar. The approval of these results provides stakeholders with insights into the company's performance for the first quarter of the fiscal year.

New Company Secretary Appointed

In a move to strengthen its corporate governance structure, Walchand PeopleFirst has appointed Mr. Deepak Kumar Nayak as the new Company Secretary, Compliance Officer, and Nodal Officer under the Investor Education and Protection Fund (IEPF). This appointment is effective from July 31, 2025.

Mr. Nayak brings a wealth of expertise to his new role:

• He is a qualified Company Secretary from the Institute of Company Secretaries of India, holding the ACS number 75012.
• He has earned a law degree from Madhusudan Law University, Cuttack.
• Mr. Nayak also holds a Bachelor's degree in Commerce from Utkal University.
• His expertise lies in corporate governance and compliance matters.

The company has confirmed that Mr. Nayak is not related to any director of Walchand PeopleFirst, ensuring independence in his role.

Trading Window Closure

In compliance with the SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct, Walchand PeopleFirst has announced the closure of its trading window. This closure affects designated persons of the company and their immediate relatives. The trading window, which has been closed since July 1, 2025, will remain so until August 4, 2025. This period encompasses 48 hours after the declaration of the unaudited financial results for the quarter ended June 30, 2025.

Board Meeting Details

The board meeting where these decisions were made took place at the company's registered office in Mumbai. The meeting commenced at 1:02 PM and concluded at 2:10 PM on July 31, 2025.

These developments reflect Walchand PeopleFirst's commitment to maintaining transparent communication with its stakeholders and ensuring robust corporate governance practices. The approval of quarterly results and the appointment of a new Company Secretary are significant steps in the company's ongoing operations and compliance efforts.