Talbros Automotive Components Limited has achieved a significant milestone in its joint venture plans, receiving formal approval from the Ministry of Corporate Affairs for incorporating a new company. The approval marks a crucial step forward in the company's strategic expansion through partnerships.

Ministry Approval Details

The Ministry of Corporate Affairs, Government of India, communicated its approval on 22nd February, 2026, for the incorporation of the joint venture company. The regulatory clearance allows the formation of the entity under the approved name.

Background and Timeline

The joint venture initiative began with board approval on 11th November, 2025, when Talbros Automotive Components' board sanctioned entering into a partnership with Lohum CleanTech Private Limited. The company had previously informed stock exchanges about this strategic decision through proper regulatory channels.

Regulatory Compliance

Talbros Automotive Components has maintained transparency throughout the process by adhering to SEBI regulations. The company filed the intimation under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, ensuring proper disclosure to stakeholders.

The company has committed to providing comprehensive details as required under SEBI regulations, specifically referencing SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated 11th November, 2024. These detailed disclosures will be submitted to stock exchanges upon the formal signing of the joint venture agreement.

Next Steps

With the MCA approval secured, the focus now shifts to finalizing the joint venture agreement between the parties. The signing of this agreement will trigger the submission of detailed information to stock exchanges, providing stakeholders with comprehensive insights into the partnership structure and objectives.

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.

Strong Q3FY26 Financial Performance

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

For the nine months ended December 31, 2025, the consolidated performance remained strong with total revenue from operations of ₹647.90 crores compared to ₹633.80 crores in the corresponding period of the previous year, representing a 2% growth. Net profit for the nine-month period stood at ₹72.50 crores versus ₹67.80 crores in the previous year, showing a 7% increase.

Business Segment Performance

The company's diversified portfolio showed mixed performance across different business segments during the nine-month period:

Exports contributed 25% of income from operations for the nine-month period, with varying contributions across segments - 15% of Gaskets revenue, 56% of Forgings revenue, 15% of Marelli Talbros Chassis Systems, and 5% of Talbros Marugo Rubber.

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.

New Order Wins and Strategic Developments

During the quarter, Talbros Automotive Components Limited and its joint ventures secured new orders worth approximately ₹1,000 crores over 5 years, including nearly ₹700 crores from exports and ₹100 crores orders for EV components, providing strong medium-term visibility.

Anuj Talwar, Joint Managing Director, commented on the performance: "TACL reported a strong performance in Q3 FY26, with consolidated revenue of ₹220 crore, up 8% year-on-year backed by increased demand momentum in this quarter led by the recent GST reforms by the government which has improved consumer sentiment."

Market Diversification

The company maintains a well-diversified revenue base across vehicle segments for the nine-month period:

The company's revenue distribution by market shows OEM contributing 64%, exports 25%, aftermarket 3%, and others 8% for the nine-month period. The company operates through 11 manufacturing facilities across Haryana, Uttarakhand, and Maharashtra, serving marquee customers including Bajaj Auto, Tata Cummins, BMW, JCB, Volvo Eicher India, and Maruti Suzuki among others.