Finolex Industries Limited , a leading manufacturer of pipes and fittings, has announced significant changes to its leadership team, signaling a new era for the company.

New Appointments

The Board of Directors, in a meeting held on August 2, 2025, approved several key appointments:

• Udipt Agarwal has been appointed as Additional Director cum Whole-time Director effective September 5, 2025. He will transition to the role of Managing Director on November 1, 2025, for a five-year term.
• Rambabu Sanka has been appointed as Additional Director cum Whole-time Director and designated as Director - Technical for a five-year term starting August 2, 2025.

Leadership Transitions

• Saurabh Dhanorkar, the current Managing Director, will step down on October 25, 2025, upon reaching the age of 70.
• Saumya Chakrabarti, Director - Technical, has resigned effective August 31, 2025, citing personal reasons.
• Rajesh Balkrishna Rathi, Independent Director, has resigned effective August 2, 2025, due to other professional commitments.

New Leadership Profiles

Udipt Agarwal

Aged 56, Agarwal brings over three decades of experience across Asia, with a proven track record in launching and scaling new ventures, executing turnarounds, and driving sustainable growth. His expertise spans business strategy, investments, and P&L management.

Rambabu Sanka

Aged 63, Sanka holds a Master of Technology in Chemical Engineering from IIT Mumbai. With 39 years of experience in the Chemical Manufacturing Sector, including 31 years in VCM/PVC production, he brings valuable technical expertise to the company.

Financial Performance

Alongside the leadership changes, Finolex Industries reported its financial results for the quarter ended June 30, 2025:

The company's revenue from operations for Q1 FY2026 stood at ₹1,043.15 crore, with a net profit of ₹96.93 crore.

Other Developments

• The Board appointed SVD & Associates as Secretarial Auditors for a five-year term.
• The 44th Annual General Meeting is scheduled for September 12, 2025, where shareholders will vote on the new appointments.

These leadership changes and financial results reflect Finolex Industries' commitment to growth and strategic development in the pipes and fittings sector.

Finolex Industries , a leading player in the pipes and fittings industry, has revealed its optimistic outlook for the coming months, projecting price increases and sustained growth across its business segments.

Price Increase on the Horizon

The company has indicated that another price increase is expected in either June or July. This anticipated hike is reportedly driven by government initiatives, although specific details about these initiatives were not disclosed.

Capital Expenditure Outlook

In a positive development for investors, Finolex Industries has stated that it foresees low capital expenditure requirements for increasing capacity in its pipes business. The company noted that the pipes segment is not highly capital-intensive, suggesting efficient use of resources in expanding operations.

Growth Projections

Finolex Industries has expressed confidence in its growth trajectory, projecting a continuation of the close to double-digit growth trend in both agricultural and non-agricultural segments. The company's internal calculations are even more optimistic, assuming a growth rate slightly above 10.00%.

Segment-wise Performance

The company's positive outlook spans across its diverse product portfolio:

Agricultural Segment

Expected to maintain strong growth, likely driven by ongoing demand in the rural and agricultural sectors.

Non-Agricultural Segment

Also anticipated to show robust performance, indicating a balanced growth strategy across different market segments.

This projected growth across both segments suggests Finolex Industries is well-positioned to capitalize on various market opportunities and maintain its competitive edge in the industry.

The company's optimistic stance on growth, coupled with its strategic approach to capital expenditure, paints a picture of a business focused on sustainable expansion. As Finolex Industries prepares for potential price increases and continued growth, stakeholders will be keenly watching how these projections materialize in the coming months.