Jash Engineering Ltd, a prominent player in the water control and fluid handling equipment sector, has announced a significant addition to its board of directors. The company has appointed Mr. Rakesh Bhawsar as an Additional Director in the category of Non-Executive Independent Director, effective August 7, 2025, for a term of 5 years, subject to shareholder approval.

Board Appointment Details

The appointment of Mr. Bhawsar was approved by the Board of Directors based on the recommendation of the Nomination and Remuneration Committee. This strategic move aims to enhance the company's governance structure and bring valuable expertise to the board.

Professional Background

Mr. Rakesh Bhawsar, identified by DIN 11102892, brings a wealth of experience to Jash Engineering:

• Practicing Chartered Accountant since 2002
• Over 22 years of experience in various audits, including:
  • Central Statutory Audit of Banks
  • Government Companies
  • Private companies
  • NGOs
• Specialization areas:
  • Management
  • Taxation and Legal Consultancy
  • Internal audits
  • Strategic Planning

Independence and Compliance

The company has confirmed that Mr. Bhawsar fulfills the independence criteria as required under the Companies Act, 2013 and the Listing Regulations. He is not related to any existing directors of Jash Engineering, ensuring an unbiased perspective in board deliberations.

Additional Board Changes

Coinciding with Mr. Bhawsar's appointment, the company also announced the completion of the second term of Mr. Vishwapati Trivedi (DIN: 00158435) as an Independent Director. Mr. Trivedi's term is set to conclude on August 12, 2025.

Company Overview

Jash Engineering Ltd is known for its expertise in water control gates, screening equipment, valves, and hydropower equipment. The company has been actively expanding its presence in both domestic and international markets.

This board restructuring comes at a time when Jash Engineering is focusing on strategic growth initiatives, including the recent commissioning of a new facility near Chennai and potential acquisitions in the industrial process equipment segment.

The appointment of Mr. Rakesh Bhawsar is expected to contribute to the company's governance and strategic direction, leveraging his extensive experience in finance, auditing, and strategic planning.

Jash Engineering Limited , a leading player in the engineering products industry, has announced its financial results for the first quarter along with ambitious growth plans for the future.

Revenue Target and Order Book

The company has set an aggressive revenue target of ₹860.00 crore for the fiscal year 2026. This goal is supported by a robust order book currently standing at ₹875.00 crore. Jash Engineering is focusing on expanding its presence in non-US markets to drive growth and mitigate potential risks associated with US tariff uncertainties.

Q1 Financial Performance

For the quarter ended June 30, Jash Engineering reported the following consolidated results:

The company attributes the subdued Q1 results primarily to a reduction in sales at standalone Jash Engineering, driven by deferred billing for US deliveries amid ongoing tariff uncertainties and a decline in domestic sales within India.

Strategic Initiatives

Jash Engineering has undertaken several strategic initiatives to support its growth objectives:

1. Shivpad Facility: The company has commissioned a new 58,500 sq. ft. state-of-the-art facility near Chennai, dedicated to municipal treatment process equipment manufacturing. This expansion is expected to enable faster deliveries and handling of larger domestic and export projects.

2. WesTech India Acquisition: Jash Engineering is in the process of acquiring a 90% stake in WesTech Process Equipment India, marking its entry into high-growth industrial segments such as mining, metals, and paper industries.

3. Global Expansion: The company is accelerating capacity expansion in Orange and Houston while strengthening its non-US presence through acquisitions like WesTech and a planned UK deal.

4. Product Portfolio Enhancement: The acquisition of WesTech India is expected to strengthen Jash's position across municipal and industrial water markets, complementing its existing product range.

Management Commentary

Pratik Patel, Managing Director of Jash Engineering, commented on the results: "The first quarter results are subdued primarily due to a reduction in sales at standalone Jash Engineering. This was driven by our decision to defer billing for US deliveries amid ongoing tariff uncertainties, as well as a decline in domestic sales within India. However, we are confident that these factors are temporary and we expect to recover from this in the upcoming quarters, leading to improved overall performance."

Outlook

Despite the challenges faced in Q1, Jash Engineering remains optimistic about its future prospects. The company's strong order book, robust demand pipeline, and strategic initiatives are expected to drive healthy growth for the entire year, in line with the standalone and consolidated guidance provided earlier.

As Jash Engineering continues to navigate global market dynamics and expand its operational footprint, investors and industry observers will be keenly watching the company's performance in the coming quarters to gauge its progress towards the ambitious FY26 revenue target.