India Nippon Electricals has received a significant compensation payment of ₹14.19 crore from the Haryana government for land acquired over a decade ago. The Chennai-based electrical components manufacturer disclosed this development to stock exchanges on February 27, 2026, under regulatory compliance requirements.

Compensation Details

The company received the compensation amount on February 26, 2026, marking the resolution of a long-pending land acquisition matter. The payment structure and timeline are detailed below:

Land Acquisition Background

The compensation relates to land measuring approximately 1.8 acres situated at Dhorka Village in Haryana. The State of Haryana had acquired this land belonging to India Nippon Electricals in 2010. The 16-year gap between acquisition and compensation payment reflects the typical timeline for land acquisition settlements in India.

The received amount includes applicable interest for the extended period, providing the company with compensation that accounts for the time value of money since the original acquisition.

Regulatory Compliance

India Nippon Electricals disclosed this information pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company considers this compensation receipt as material information that could impact stakeholder decisions.

The disclosure was made simultaneously to both major stock exchanges where the company's shares are listed. The information has also been made available on the company's official website at www.indianippon.com for broader stakeholder access.

Company Profile

India Nippon Electricals Ltd, incorporated in 1984, operates from its registered office in Chennai and manufacturing unit in Hosur, Tamil Nadu. The company specializes in electrical components and maintains IATF 16949:2016 certification from Bureau Veritas, indicating adherence to international automotive quality standards.

India Nippon Electricals Ltd announced its unaudited financial results for the quarter and nine months ended December 31, 2025, following the board meeting held on February 13, 2026. The Chennai-based electrical and electronic components manufacturer reported exceptional performance across key financial metrics while declaring an interim dividend and implementing senior management changes.

Outstanding Q3FY26 Financial Performance

The company delivered remarkable growth in the third quarter, demonstrating strong operational efficiency and market demand for its electrical and electronic products for two/three wheelers and engines.

Nine Months Performance Highlights

For the nine months ended December 31, 2025, the company sustained its growth momentum with consistent improvements across all major financial parameters.

Interim Dividend and Key Dates

The board of directors approved an attractive interim dividend for shareholders, reflecting the company's strong cash position and commitment to shareholder returns.

Senior Management Restructuring

Based on recommendations from the Nomination and Remuneration Committee, the board approved strategic changes in senior management designations effective February 13, 2026.

Mr. K. Kanakaraju brings over 35 years of experience in Research & Development, Product Design and Development, and Program Management. Mr. R. Umashankar has been associated with the company for 43 years and played a key role in building organizational capability and driving engineering excellence.

Subsidiary Operations and Regulatory Updates

The company successfully completed the winding up of its subsidiary PT Automotive Systems Indonesia Ltd during the nine months ended December 31, 2025. The liquidation resulted in a gain of Rs 20 lakhs, with Rs 425 lakhs received against the net carrying value of Rs 405 lakhs.

The implementation of India's four Labour Codes, notified on November 21, 2025, resulted in an increase of Rs 127 lakhs in the provision for defined benefit obligation, recognized as employee benefit expense in the current reporting period. The financial results were reviewed by Deloitte Haskins & Sells LLP and approved by the board following audit committee recommendations.