Modern Insulators Limited has announced a significant leadership appointment, with its Board of Directors unanimously approving the elevation of Shri Shreyans Ranka to the position of Joint Managing Director. The decision, made on January 8, 2026, follows the recommendation of the company's Nomination and Remuneration Committee.

Appointment Details

The Board meeting, which commenced at 11:30 a.m. and concluded at 12:15 p.m., resulted in the approval of Ranka's appointment for a five-year term. The appointment is contingent upon shareholder approval, which will be sought through a postal ballot process.

Professional Background

Shreyans Ranka brings substantial experience to his new role, having served as Whole-Time Director of Modern Insulators since April 1, 2018. His expertise spans business operations, corporate management, and administration. Ranka's educational credentials include a Bachelor's degree in Industrial Engineering from the University of Illinois at Urbana-Champaign, USA, and a Master's in Management from Imperial Business School, London.

Family Connection

The appointment maintains the family leadership structure within the organization, as Shreyans Ranka is the son of Shri Sachin Ranka, who serves as Chairman & Managing Director of Modern Insulators Limited.

Regulatory Compliance

The company has fulfilled its disclosure obligations under Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The postal ballot notice, along with the explanatory statement, will be distributed to company members in due course and simultaneously submitted to stock exchanges.

Next Steps

The appointment will become effective only upon receiving approval from the company's shareholders through the postal ballot process. Modern Insulators will proceed with the necessary regulatory filings and member communications to complete the appointment formalities.

Modern Insulators Ltd. , a leading manufacturer in the electrical equipment sector, has reported a strong financial performance for the second quarter of fiscal year 2026, showcasing significant growth across key metrics.

Revenue and Profitability Surge

The company's consolidated revenue for Q2 FY26 reached ₹176.49 crore, marking a substantial 56% increase from ₹114.92 crore in the corresponding quarter of the previous year. This impressive top-line growth was accompanied by a notable improvement in profitability.

Modern Insulators' consolidated net profit for the quarter rose to ₹16.59 crore, up from ₹13.05 crore in Q2 FY25, representing a 27% year-over-year increase. This growth in net profit underscores the company's ability to translate higher revenues into improved bottom-line results.

Operational Efficiency Improvements

One of the standout aspects of Modern Insulators' Q2 performance was the significant enhancement in operational efficiency, as reflected in its EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) figures:

The company's EBITDA surged by 276% year-over-year to ₹18.80 crore, while the EBITDA margin expanded significantly from 4.34% to 10.63%, indicating a substantial improvement in operational efficiency and profitability.

Segment-wise Performance

Modern Insulators operates primarily in two segments: Insulators and Terry Towels. The segment-wise revenue breakdown for Q2 FY26 is as follows:

The Insulators segment, which forms the core of the company's business, demonstrated robust growth of 63.6% year-over-year. However, the Terry Towels segment experienced a slight decline of 9.2% compared to the same quarter last year.

Balance Sheet Strength

As of September 30, 2025, Modern Insulators maintained a strong balance sheet position:

• Total Assets: ₹666.64 crore
• Total Equity: ₹495.10 crore
• Current Ratio: 3.22

The company's healthy current ratio of 3.22 indicates strong liquidity and ability to meet short-term obligations.

Outlook

The significant improvement in revenue and profitability, particularly in the core Insulators segment, suggests that Modern Insulators is well-positioned to capitalize on growth opportunities in the electrical equipment sector. The company's focus on operational efficiency, as evidenced by the substantial expansion in EBITDA margin, may continue to drive profitability in the coming quarters.

Investors and market observers will likely keep a close watch on how Modern Insulators maintains this growth momentum and manages any potential challenges in its operating environment.