IST Limited has announced the appointment of Mr. Vijay Vardhan Daga as a Non-Executive Independent Director, subject to shareholder approval at the upcoming 49th Annual General Meeting (AGM).

Board Approval and Appointment Details

The Board of Directors of IST Limited, in their meeting held on August 28, 2025, approved the appointment of Mr. Vijay Vardhan Daga (DIN: 11265545) as an Additional Director under the category of Independent Director. Mr. Daga's term is set to commence from August 28, 2025, and will extend up to August 27, 2030, pending shareholder approval at the forthcoming AGM.

Vijay Vardhan Daga's Professional Background

Mr. Daga brings a diverse and accomplished career spanning multiple industries to IST Limited. His experience includes:

• Commercial advisory roles
• Import-export and regulatory compliance expertise
• Stock broking and financial market knowledge
• Portfolio management and investment advisory
• FMCG distribution management

His versatile career reflects a strong foundation in international trade, financial markets, and FMCG distribution, backed by decades of hands-on experience in successfully building and managing business ventures.

Regulatory Compliance and Independence

In compliance with regulatory requirements, IST Limited has confirmed that Mr. Daga is not related to any existing directors of the company. Furthermore, he has not been debarred from holding a directorship by any regulatory authority, including the Securities and Exchange Board of India (SEBI).

Upcoming Annual General Meeting

IST Limited has also announced that its 49th Annual General Meeting will be held on Friday, September 26, 2025, at 11:30 A.M. at the company's registered office in Dharuhera, Haryana. The Register of Members and Share Transfer Books will remain closed from September 20, 2025, to September 26, 2025 (both days inclusive) for the purpose of the AGM.

E-voting Facility

To facilitate shareholder participation, the company has appointed National Securities Depository Limited (NSDL) to provide remote e-voting facilities for the upcoming AGM.

The appointment of Mr. Vijay Vardhan Daga as a Non-Executive Independent Director, subject to shareholder approval, is expected to bring valuable insights and expertise to IST Limited's board, potentially contributing to the company's strategic direction and governance.

IST Limited , a manufacturer of high-precision engineering components and assemblies, has announced its financial results for the quarter, showcasing a remarkable performance across key financial metrics.

Consolidated Performance

On a consolidated basis, IST Limited's performance was robust:

• Net profit soared to Rs 7,234.76 lakhs, up from Rs 5,274.16 lakhs in the same quarter last year.
• Total income witnessed a substantial growth, reaching Rs 10,177.47 lakhs compared to Rs 7,841.79 lakhs in the corresponding period.
• The company's basic earnings per share (EPS) stood at Rs 62.02.

Standalone Financial Highlights

The company reported a significant increase in its standalone net profit, which rose to Rs 2,841.79 lakhs, marking a substantial increase from Rs 813.37 lakhs in the corresponding quarter of the previous year. The standalone basic earnings per share improved to Rs 24.36.

Segment-wise Performance

IST Limited operates in two main segments:

1. Manufacturing of High Precision Engineering Components
2. SEZ Development

Financial Position

The company's financial position remains strong:

• Total consolidated assets stood at Rs 1,70,731.74 lakhs.

Conclusion

IST Limited's quarterly results reflect a robust performance, with substantial growth in both standalone and consolidated financials. The company's strong showing in its operating segments underscores its diversified business model. As IST Limited continues to navigate the evolving market landscape, investors and stakeholders will be keenly watching its future performance and strategic moves.

Note: All figures are in Indian Rupees (INR) and are reported on a quarterly basis unless otherwise stated.