Federal mogul goetze (India) Limited has issued a postal ballot notice seeking shareholder approval for the appointment of Mr. Varun Dua as a Non-Executive Director. The notice, dated February 23, 2026, was sent to both BSE Limited and National Stock Exchange of India Limited under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Details

The company has initiated the postal ballot process to seek approval from members for Mr. Varun Dua's appointment as a Non-Executive Director through remote electronic voting only. The voting process is being conducted in compliance with MCA Circulars, with the notice sent electronically to shareholders whose email addresses are registered with the company or depository participants.

Director Appointment Details

Mr. Varun Dua (DIN: 11476435) was initially appointed as an Additional Director by the Board of Directors in their meeting held on January 8, 2026, with effect from January 12, 2026. The appointment was made based on the recommendation of the Nomination and Remuneration Committee. The company has received the requisite notice under Section 160 of the Companies Act 2013 from a member proposing his candidature as Non-executive Director, liable to retire by rotation.

Professional Background

Mr. Dua brings extensive finance experience to the board, with over 20 years in strategic and operational finance leadership roles at Fortune 100 companies. His professional journey includes significant tenures at General Electric and Walmart, as well as private equity and venture capital-backed companies.

His career began in public accounting and risk consulting at Ernst & Young. At General Electric, he progressed through various finance roles across CFO, FP&A, manufacturing finance, supply chain, and controllership, with assignments spanning the United States, Europe, and Asia. Subsequently, he held senior finance leadership roles at Walmart International and at Visby Medical, where he led FP&A and operations finance.

Educational Qualifications

Mr. Dua holds an MBA from the University of Chicago Booth School of Business and an MBA in Finance and Marketing from Narsee Monjee Institute of Management Studies, Mumbai. He is also a qualified Chartered Accountant.

Voting Process and Compliance

The postal ballot notice is available on the company's website at www.federalmogulgoetzeindia.net , on the websites of BSE and NSE, and on NSDL's website. Shareholders can cast their votes through NSDL's e-voting platform during the specified period. The voting rights will be proportionate to shareholders' equity shareholding as on the cut-off date. The resolution, if passed by requisite majority, will be deemed to have been passed on March 25, 2026, being the last date specified for e-voting.

The Board of Directors has recommended the appointment, considering that Mr. Dua's knowledge and experience would be of immense benefit to the company. The appointment is proposed as an Ordinary Resolution without any remuneration payable for his role as Non-Executive Director.

Federal mogul goetze (India) Limited announced its unaudited financial results for the quarter and nine months ended December 31, 2025, presenting a mixed performance with revenue growth tempered by exceptional charges related to new labour regulations. The Board of Directors approved these results in their meeting held on February 10, 2026, with the company fulfilling its regulatory obligations under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Quarterly Financial Performance

The company's Q3FY26 performance showed resilience in revenue generation despite facing regulatory headwinds. Revenue from operations increased by 14.30% year-on-year, while the impact of new labour codes created exceptional charges that affected overall profitability.

Nine-Month Performance Analysis

The nine-month period demonstrated stronger overall growth momentum across key financial metrics. The company maintained its growth trajectory despite the exceptional charges recorded during the quarter.

Labour Code Impact and Exceptional Items

A significant development during the quarter was the Government of India's notification of four Labour codes on November 21, 2025. These codes consolidate 29 existing Labour Laws and include The Code on Wages, 2019, The Industrial Relations Code, 2020, The Code on Social Security, 2020, and The Occupational Safety, Health and Working Conditions Code, 2020.

Based on draft rules and FAQs issued by the Ministry of Labour and Employment, the company estimated financial implications and made an additional provision of ₹1,488.04 lakhs during Q3FY26. Given the materiality, regulatory-driven and non-recurring nature of this impact, the company presented it as an exceptional item.

Consolidated Results Overview

The consolidated results, which include the subsidiary Federal-Mogul TPR (India) Limited, showed similar trends with slightly higher figures across key metrics.

For the nine-month consolidated period, revenue from operations reached ₹146,982.21 lakhs compared to ₹134,144.62 lakhs in the previous year, representing a 9.60% increase. Net profit for the nine-month period stood at ₹12,720.25 lakhs versus ₹10,844.55 lakhs, marking a 17.30% growth.

Regulatory Compliance and Publication

The company has fulfilled its regulatory obligations by publishing the unaudited financial results in Jansatta (Hindi) and Financial Express (English) dated February 12, 2026. The results were communicated to both BSE Limited and National Stock Exchange of India Limited as per regulatory requirements under Regulation 47 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The statutory auditors, Deloitte Haskins & Sells LLP, expressed an unmodified review conclusion on both standalone and consolidated unaudited financial results. The company continues to monitor developments related to labour codes and will provide appropriate accounting effects based on future regulatory clarifications. The detailed format of financial results is available on the company's website at www.federalmogulgoetzeindia.net .