Enkei Wheels (India) Limited has announced the resignation of its Chief Financial Officer, Kunal Dhoke, effective January 14, 2026. The company informed BSE Limited about this development through a regulatory filing under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Process and Timeline

Dhoke submitted his resignation letter on January 13, 2026, citing personal reasons for his departure from the position of Chief Financial Officer and Key Managerial Personnel. The resignation was promptly accepted by Managing Director Kenjiro Hama on the same day, with the effective date set for January 14, 2026, after office hours.

Regulatory Compliance and Documentation

The company has fulfilled all regulatory obligations by filing the necessary disclosures with BSE Limited under scrip code 533477. The filing includes detailed information as required under SEBI regulations, specifically Regulation 30 read with Schedule III – Para A (7C) of Part A of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and SEBI Circular No. SEBI/HO/CFD/CFD-PoD-1/P/CIR/2023/123 dated July 13, 2023.

Management Acknowledgment

The company has expressed immense gratitude to Dhoke for his endeavors towards achieving the company's goals during his tenure. In the formal acceptance letter, Managing Director Kenjiro Hama acknowledged Dhoke's service and extended best wishes for his future endeavors. The acceptance letter was issued under reference number EKIN/HR/2025-26.

Company Profile

Enkei Wheels (India) Limited operates from its factory and registered office located at Gat No. 1425 Village Shikrapur, Tal. Shirur, Pune, Maharashtra. The company maintains various international certifications including ISO 45001:2018, IATF 16949:2016, and ISO 14001:2015, demonstrating its commitment to quality and operational standards. The company is listed on BSE with CIN L34300PN2009PLC133702 and operates in the auto ancillaries sector.

Enkei Wheels (India) Limited has reported a significant turnaround in its financial performance for the second quarter. The automotive wheel manufacturer has successfully transformed its bottom line, posting a net profit of 79 million rupees compared to a loss of 45 million rupees in the same period last year.

Financial Highlights

The company's revenue grew to 2,651.00 million rupees from 2,386.00 million rupees year-over-year, marking an 11.1% increase. This growth in top-line performance was accompanied by a substantial improvement in operational efficiency.

Operational Performance

Enkei Wheels witnessed a remarkable surge in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization), which rose to 300.00 million rupees from 99.00 million rupees in the previous year. This represents a 203.0% increase in EBITDA year-over-year.

The EBITDA margin expanded significantly, reaching 11.31% compared to 4.14% in the same quarter last year. This 717 basis points improvement in margin indicates enhanced operational efficiency and cost management.

Key Factors Contributing to Growth

While specific details on the factors driving this turnaround are limited, the substantial improvement in EBITDA and margins suggests:

• Improved operational efficiency
• Potential cost-cutting measures
• Possible increase in demand for automotive wheels
• Favorable raw material pricing or better inventory management

Management Commentary

The company's financial results were reviewed by the Audit Committee and approved by the Board of Directors in their respective meetings held on November 5, 2025. However, specific management commentary on the results was not provided in the available data.

Outlook

While the results show a significant improvement, it's important to note that the company has not provided forward-looking statements or guidance for future quarters. Investors and analysts will likely keep a close eye on whether Enkei Wheels can sustain this improved performance in the coming quarters.

As the automotive industry continues to evolve, companies like Enkei Wheels that can demonstrate operational efficiency and profitability are likely to attract investor attention. However, potential investors should conduct thorough research and consider various factors before making investment decisions.

The company continues to operate in the "Automotive Wheels" segment, as identified by its Chief Operating Decision Maker (CODM), and has not reported any changes in its operational structure or segmentation.

Enkei Wheels' ability to turn a significant loss into a profit within a year is noteworthy. However, consistent performance over multiple quarters would be key to establishing a long-term positive trend.