Artemis Electricals and Projects Limited has announced the completion of tenure of its Independent Director Mr. Krishnakumar Laxman Bangera, effective November 30, 2025. The company's Board of Directors acknowledged this development during their meeting held on December 29, 2025, in compliance with regulatory disclosure requirements.

Director Tenure Completion Details

Mr. Krishnakumar Laxman Bangera (DIN: 02082675) completed his second term as Independent Director in accordance with Section 149 of the Companies Act, 2013, and applicable SEBI Listing Regulations. The cessation became effective from the close of business hours on November 30, 2025.

Regulatory Compliance and Confirmation

The outgoing director has provided written confirmation that the completion of his tenure is the sole reason for cessation, with no other material reasons to be reported. This confirmation aligns with the requirements under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The company has fulfilled all disclosure obligations as mandated under Regulation 30(6) read with Para A-(7) of Part A of Schedule III of the SEBI Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoDZ/CIR/P/0155 dated November 11, 2024.

Other Directorships and Committee Positions

Mr. Bangera continues to hold Independent Director positions in other listed entities. His current directorships include:

• Garuda Construction and Engineering Limited - Independent Director
• Electro Force (India) Limited - Independent Director

He serves on multiple board committees across these entities, including Audit Committee, Stakeholders Relationship Committee, Nomination and Remuneration Committee, and Corporate Social Responsibility Committee. At Electro Force (India) Limited, he holds the position of Chairman of the Audit Committee.

Corporate Governance Adherence

The completion of Mr. Bangera's tenure reflects Artemis Electricals' adherence to corporate governance norms and statutory requirements. The company confirmed that the departing director is not related to any other directors of the company, maintaining independence standards as required under applicable regulations.

The announcement was signed by Shiv Kumar Chhangur Singh, Whole Time Director and Chief Financial Officer (DIN: 07203370), ensuring proper authorization and compliance with disclosure protocols.

Artemis Electricals and Projects Limited has reported a significant surge in its financial performance for the second quarter of the fiscal year 2025-26. The company's results showcase substantial growth across key financial metrics, indicating a strong market position and operational efficiency.

Financial Highlights

Revenue Growth

Artemis Electricals witnessed a remarkable 295% year-over-year increase in revenue, reaching 158.00 crore in Q2 FY2025-26 compared to 40.00 crore in the same period last year. This substantial growth may be attributed to increased market demand and potentially expanded product offerings or market reach.

Profitability Boost

The company's net profit saw an impressive jump of 345%, rising to 35.60 crore from 8.00 crore in the corresponding quarter of the previous fiscal year. This significant increase in profitability suggests improved operational efficiency and potentially higher-margin product sales.

EBITDA Performance

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew by 250% to 47.20 crore, up from 13.50 crore in Q2 FY2024-25. This growth in EBITDA indicates strong operational performance and cost management.

Margin Analysis

Despite the overall positive performance, the EBITDA margin saw a slight decrease to 29.87% from 33.72% in the same quarter last year. This 385 basis points reduction in margin may be due to changes in product mix, increased raw material costs, or competitive pricing strategies.

Future Outlook

The company's board of directors, in their meeting held on November 12, 2025, approved the unaudited financial results for Q2 and H1 FY2025-26. Artemis Electricals plans to commission a Lithium-ion battery plant at its factory by March 2026, which may contribute to future growth prospects.

Operational Update

It's worth noting that while the company reported strong financial growth, the management indicated that manufacturing activities at the factory premises were at minimal levels. The focus appears to be more on projects and project-related works, which may explain the significant revenue growth despite reduced manufacturing activity.

Investors and stakeholders will be keenly watching how Artemis Electricals maintains this growth momentum and manages its margins in the coming quarters, especially with the planned expansion into Lithium-ion battery production.