JNK India has officially announced the resignation of Chief Financial Officer Pravin Sathe, effective December 16, 2025. The company disclosed this leadership change through a formal filing under Regulation 30 of SEBI Listing Regulations, stating that Sathe will step down to pursue other professional opportunities.

Regulatory Compliance and Filing Details

The company has fulfilled its regulatory obligations by informing both BSE Limited and National Stock Exchange of India about the executive departure. As per SEBI regulations, Sathe will cease to be a Key Managerial Personnel (KMP) under Section 203 of the Companies Act, 2013, effective from the close of business hours on December 16, 2025.

Official Documentation

The resignation was formalized through proper documentation, with Sathe submitting his resignation letter to the Board of Directors. In his letter, he expressed gratitude to the Board for their support and cooperation during his tenure and wished the company continued success in future endeavors.

Leadership Transition Impact

As CFO and Senior Management Personnel, Sathe's departure represents a significant change in JNK India's financial leadership structure. The company, operating in the capital goods sector with a focus on non-electrical equipment, will need to manage this executive transition while ensuring continuity in financial operations and regulatory compliance.

Corporate Governance

The company has demonstrated adherence to corporate governance standards by providing timely disclosure and following proper procedures for executive changes. Company Secretary and Compliance Officer Ashish Soni has overseen the regulatory filing process, ensuring all necessary documentation is submitted to relevant authorities including stock exchanges and the Ministry of Corporate Affairs.

JNK India Limited, a leading provider of heating equipment solutions, has reported a robust performance for the second quarter of fiscal year 2026, with significant growth in revenue and a major order win that strengthens its market position.

Financial Highlights

JNK India achieved a total revenue of Rs. 1,842.1 million in Q2 FY26, representing a substantial year-on-year growth of 71.6%. This strong performance was primarily driven by the heating equipment segment, which contributed 80.3% of the total revenue.

The company's operating profit for Q2 FY26 stood at Rs. 454 million, showing a 34.6% year-on-year increase with an operating margin of 24.6%. EBITDA for the quarter reached Rs. 223.4 million, reflecting a 44.7% year-on-year increase and an EBITDA margin of 12.1%, up from 7% in Q1 FY26.

Ultra-Mega Order Win

JNK India secured an ultra-mega order worth Rs. 1,050 crores from JNK Global Company Limited for a petrochemical project in India. This order, the largest single order win for JNK India to date, involves providing design, engineering, supply, and construction for a cracking furnace package.

Order Book and Future Outlook

The company's order book has expanded to Rs. 18,499 million as of September 30, 2025, providing strong revenue visibility for future quarters. This robust order book, coupled with the recent ultra-mega order, positions JNK India favorably in the critical combustion equipment and petrochemical sectors.

Strategic Joint Venture

JNK India has formed a joint venture, JNK Chemdist Technologies Private Limited, with the founders of Chemdist Group. This strategic move aims to focus on green hydrogen technology and sustainable chemical and fuel solutions, potentially contributing 10% to 15% to the company's top line in the coming years.

Management Commentary

Arvind Kamath, Chairperson and Whole-Time Director of JNK India, commented on the results, stating, "Q2 FY26 has been a resilient quarter for JNK India with significant improvement in both revenue and EBITDA. The ultra-mega order win strengthens our position in the critical combustion equipment and the upcoming petrochemical sector, which continue to experience strong growth driven by both Indian demand and infrastructure expansion."

Looking ahead, JNK India remains focused on executing its order book efficiently while leveraging opportunities in the green hydrogen sector. The company's management expressed confidence in maintaining its conventional margins and driving sustained growth through innovation and operational excellence.

With a strong pipeline of projects in refinery, petrochemical, fertilizer, and green energy sectors, JNK India is well-positioned to capitalize on both traditional and emerging market opportunities, ensuring long-term growth and success in the engineering solutions industry.