Galaxy Surfactants Limited has announced the appointment of Mr. Narendra Saini as Chief Digital Officer, effective March 02, 2026. The appointment was communicated to stock exchanges under Regulation 30 of SEBI Listing Obligations and Disclosure Requirements Regulations, 2015, which governs disclosures related to senior management personnel changes.

Leadership Appointment Details

The company formally notified both the National Stock Exchange of India Limited and BSE Limited about this strategic leadership addition to strengthen its digital capabilities.

Professional Background and Expertise

Mr. Saini brings extensive technical and leadership credentials to his new role. He is an alumnus of IIT Roorkee and holds an M. Tech degree from IIT Delhi, providing him with a strong foundation in engineering and technology.

With more than 25 years of professional experience, Saini has developed deep expertise across multiple digital transformation domains:

• Enterprise Business Intelligence (BI)
• Robotic Process Automation (RPA)
• Data Engineering & Platforms
• IoT & Manufacturing Digitization
• Data Science
• Business Cross-Functional Teams (CFTs)

Digital Innovation Leadership

Mr. Saini has been at the forefront of emerging technology adoption and governance. He has played a key role in establishing a Generative AI Center of Excellence (GenAI CoE), demonstrating his commitment to leveraging cutting-edge artificial intelligence technologies for business transformation.

Additionally, he has led enterprise-wide data governance initiatives, ensuring that organizations maintain high standards of data quality, security, and compliance while maximizing the value derived from their data assets.

Strategic Significance

The appointment of a Chief Digital Officer reflects Galaxy Surfactants' commitment to digital transformation and technological advancement. With Saini's comprehensive background spanning traditional enterprise systems to emerging AI technologies, the company is positioning itself to leverage digital capabilities across its operations and business processes.

Galaxy Surfactants demonstrated resilience in Q3FY26 despite facing multiple operational headwinds, with the company reporting improved profitability metrics and securing a major breakthrough on the trade front that positions it well for future growth.

Financial Performance Overview

The company's Q3FY26 financial results reflected both challenges and strategic progress across key metrics:

Consolidated volumes remained stable on a year-on-year basis for Q3FY26, with the Performance Surfactants portfolio experiencing a high single-digit decline offset by high single-digit volume growth within the Specialty segment.

Major Breakthrough on US Trade Relations

A significant positive development emerged during the quarter with the reduction of reciprocal tariffs imposed by the US on Indian exports from 50% to 18%. This tariff normalization is expected to restore competitiveness and create a more level playing field in the US market.

The company expects this development to:

• Support reinstatement of existing customer pipelines
• Accelerate penetration in high-value specialty opportunities
• Unlock new avenues for growth in North America
• Improve pricing flexibility and reduce landed costs

Regional Performance Analysis

India Operations

India volumes grew by mid-single digit year-on-year for Q3FY26, with contrasting performance across segments:

The GST rationalization led to temporary inventory adjustments by customers in October, creating a temporary demand disruption. However, the company has developed alternate surfactant systems aligned to new reformulations, with approvals underway and commercialization expected to start in Q4FY26.

AMET Region Challenges

The AMET region recorded a double-digit decline in high teens during Q3FY26, driven by market share losses in key Tier 1 accounts and heightened competitive intensity from backward integrated and local players. However, the company has recovered significant volume traction in Q4FY26 from most customers.

Rest of World Performance

Rest of world volumes grew mid-single digit year-on-year, with Latin America and Europe posting growth across both Performance and Specialty segments. This performance helped balance the overall portfolio despite tariff-induced softness in North American specialty exports from India.

Innovation and Brand Development

The company launched 5 new products in the GalSORB SunBliss range for sun care applications in November 2025. These second-generation molecules offer:

• High photostability and strong efficacy at low dosage
• Broad spectrum UV protection including blue light defense
• Improved sensory performance
• Compliance with evolving safety and environmental standards

Commercializationof these products is expected from Q4FY26 onwards.

Strategic Brand Refresh

In January 2026, Galaxy refreshed its brand identity after 45 years as part of its strategic evolution. Guided by the purpose "chemistry creates care," the new brand identity reinforces focus on long-term partnerships, responsible innovation, and sustainable value creation. The company is expanding its portfolio beyond home and personal care into beauty, derma, and wellness segments.

Market Outlook and Guidance

Looking ahead, the company expects:

• India performance volumes to increase incrementally in both Tier 1 and non-Tier 1 accounts
• Double-digit volume growth in the specialty segment to continue
• AMET volume recovery from Q4FY26 onwards
• North America specialty business to benefit from tariff reduction starting late Q4FY26

Despite multiple headwinds including reformulation pressures, GST-related disruptions, and competitive intensity in AMET, the company's diversified business model across customer segments and geographies has enabled it to maintain stable volumes and improve profitability metrics.