Isgec Heavy Engineering has announced a key senior management change with the superannuation of Mr. Anup Bhargava, Chief Strategy Officer, effective February 16, 2026. The company has formally notified both the Bombay Stock Exchange and National Stock Exchange of India about this transition in compliance with regulatory requirements.

Regulatory Compliance and Disclosure

The announcement was made pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has fulfilled all disclosure obligations as required under the listing regulations, ensuring transparency in senior management changes.

Details of the Management Change

The particulars of the senior management change have been disclosed in accordance with SEBI Circular no. HO/49/14/14(7)2025-CFD-POD2/1/3762/2026 dated January 30, 2026:

Communication and Documentation

Isgec Heavy Engineering has communicated this development to both major stock exchanges where its shares are listed. The company trades on BSE with scrip code 533033 and on NSE with the symbol ISGEC. The intimation has also been disclosed on the company's official website at www.isgec.com for public access.

Administrative Details

The formal communication was signed by Kalyan Ghosh, Compliance Officer of Isgec Heavy Engineering Limited, with membership number A10790. The company is headquartered at A-4, Sector-24, Noida-201301, Uttar Pradesh. Since this is a case of superannuation rather than resignation, the requirement to disclose a resignation letter with detailed reasons is not applicable.

ISGEC Heavy Engineering Limited announced its unaudited standalone financial results for the quarter and nine months ended December 31, 2025, alongside significant capacity expansion plans and key management re-appointments. The company's board meeting held on February 09, 2026, approved multiple strategic initiatives aimed at strengthening its market position.

Financial Performance Q3FY26

The company delivered robust financial performance during the third quarter of FY26. Revenue from operations reached ₹132,690 lakhs compared to ₹111,920 lakhs in the corresponding quarter of the previous year, representing significant growth. Net profit for the quarter stood at ₹7,517 lakhs, up from ₹5,866 lakhs in Q3FY25.

For the nine months ended December 31, 2025, the company reported revenue from operations of ₹355,383 lakhs and net profit of ₹24,613 lakhs, with earnings per share of ₹33.47.

Segment Performance Analysis

The company operates through two primary segments: Manufacturing of Machinery & Equipment and Industrial Projects. The Manufacturing segment generated revenue of ₹49,082 lakhs in Q3FY26, while the Industrial Projects segment contributed ₹92,372 lakhs during the same period.

Major Capacity Expansion Initiatives

The board approved substantial capacity expansion investments totaling ₹350.6 crore across three key areas:

The Process Skids & Modules facility investment was revised upward from the previously approved ₹87 crore to ₹110 crore to accommodate larger manufacturing requirements and expected business growth.

Strong Order Book Position

The company maintains a robust consolidated order book of ₹87,090 million as of December 31, 2025. The order book demonstrates strong diversification across multiple sectors including refineries, power, steel, cement, aluminium, railways, fertilizer, mines, ports, oil & gas, chemical, space, automobile, defence, sugar, distillery, and paper industries.

Management Re-appointments

The board approved the re-appointment of key management personnel for five-year terms, subject to shareholder approval through postal ballot:

Kishore Chatnani will continue his role as Chief Financial Officer alongside his Joint Managing Director responsibilities, while Sanjay Gulati will maintain his position as Head of Manufacturing Units.

Regulatory Compliance and Publication

The company has fulfilled its regulatory obligations under SEBI Listing Regulations by publishing its Q3FY26 financial results in leading newspapers. The unaudited financial results were published in Business Line (English daily) and Hari Bhoomi (Hindi daily) on February 10, 2026, ensuring compliance with disclosure requirements.

Consolidated Results Overview

On a consolidated basis, the company reported revenue from operations of ₹173,856 lakhs for Q3FY26 and net profit of ₹8,444 lakhs from continuing and discontinued operations. The consolidated results include performance from 19 subsidiaries and one associate company across various business segments including sugar and ethanol operations. The company recorded an exceptional item of ₹1,403 lakhs in Q3FY26 related to the implementation of new labor codes.