Automobile Corporation of Goa Limited (ACGL) has announced a significant change in its leadership team. The company's Board of Directors, during their meeting on October 14, 2025, approved the appointment of Mr. Mitesh Gadhiya as the new Company Secretary and Compliance Officer, effective immediately.

Key Appointment Details

Professional Background

Mr. Gadhiya brings a wealth of experience to his new role at ACGL:

• Qualification: Fellow Member of the Institute of Company Secretaries of India (ICSI)
• Experience: Over 15 years in corporate secretarial and compliance functions
• Previous Role: Serving as the Company Secretary of ACGL

Appointment Context

This appointment aligns with Regulation 6 of the SEBI Listing Regulations, which requires listed entities to appoint a qualified Company Secretary as the Compliance Officer. Mr. Gadhiya's appointment ensures ACGL's continued compliance with regulatory requirements.

Company Performance

Coinciding with this appointment, ACGL also released its financial results for Q2 FY26:

The company reported a strong financial performance, with significant year-over-year growth across key financial metrics.

Operational Highlights

• Delivered 1,966 bus bodies in Q2 FY26, compared to 1,332 units in Q2 FY25
• Achieved the milestone of manufacturing its 100,000th bus since inception
• Installed an 810 kWp solar power plant at the Jejuri facility, advancing sustainability initiatives

ACGL continues to focus on securing strategic orders and optimizing capacity utilization, particularly during lean periods. The company remains committed to its "Net Zero" sustainability initiatives, with plans to complete a solar power project at its Goa facility within the current financial year.

This appointment and the strong financial results underscore ACGL's commitment to robust corporate governance and sustainable growth in the automotive sector.

Automobile Corporation of Goa Ltd (ACGL) has reported a stellar performance for the second quarter, with significant growth across key financial metrics. The company's latest financial results showcase a remarkable improvement in profitability and operational efficiency.

Financial Highlights

ACGL reported total income of Rs. 210.43 crore for Q2, representing a 57.37% quarter-on-quarter increase. The company achieved EBITDA of Rs. 21.09 crore with a margin of 10.02%, while profit before tax reached Rs. 19.66 crore, up 103.77% quarter-on-quarter with a margin of 9.34%. Earnings per share stood at Rs. 24.03.

Key Financial Metrics

Operational Performance

The company delivered 1,966 bus bodies during the quarter, a significant increase from 1,332 units in the corresponding quarter of the previous financial year. This boost in production volume has been a key driver of the company's financial performance. ACGL also reached a significant milestone by manufacturing its 100,000th bus since inception during this quarter.

Strategic Initiatives

ACGL has been actively pursuing opportunities from State Transport Undertaking (STU) orders, which has helped in capacity utilization during lean periods and contributed to improved profitability.

Sustainability Efforts

In line with its commitment to sustainability, ACGL has successfully installed and commissioned an 810 kWp solar power plant at its Jejuri facility. This initiative is expected to significantly reduce the company's carbon footprint. A similar project at the Goa facility is currently under implementation.

Corporate Action

Effective October 1, 2025, following a Composite Scheme of Arrangement, Tata Motors Limited's 48.98% holding in ACGL (29,82,214 shares) is being transferred to TML Commercial Vehicles Limited (TMLCV).

Looking Ahead

ACGL continues to focus on securing strategic orders to optimize capacity utilization. The company's strong performance, coupled with its sustainability initiatives and strategic focus, positions it well for continued growth in the coming quarters.