National Fittings Limited (NFL), a company listed on the Bombay Stock Exchange, has announced significant changes to its board of directors, marking a notable shift in its leadership structure.

New Appointments

The company has appointed two additional directors, effective October 18, 2025, subject to shareholder approval:

1. Mr. Anil Kumar Agarwal - Appointed as Non-Executive Non-Independent Director
2. Mr. Arpit Agarwal - Appointed as Managing Director

Both new appointees bring substantial experience to their roles:

It's worth noting that the newly appointed directors are father and son, both with backgrounds in mechanical engineering and foundry management. The company has confirmed that neither Mr. Anil Kumar Agarwal nor Mr. Arpit Agarwal has been debarred from holding director positions by SEBI or other authorities.

Resignations

Concurrent with these appointments, National Fittings Limited has also announced the resignation of two directors:

1. Mr. A V Palaniswamy - Ceased to be a Director as of October 18, 2025
2. Mrs. Panath Anitha - Ceased to be a Director as of October 18, 2025

Both directors cited personal reasons for their resignations. In their respective resignation letters, they expressed gratitude for the cooperation extended during their tenure and confirmed that there were no material reasons for their resignations other than those mentioned.

Implications

These changes represent a significant reshuffling of National Fittings Limited's board. The introduction of the Agarwals, with their extensive experience in production, marketing, and foundry management, may signal a strategic shift or reinforcement of the company's operational focus.

The company has duly informed the Bombay Stock Exchange of these changes, in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

As National Fittings Limited navigates this transition in leadership, stakeholders will be keen to observe how these changes may influence the company's direction and performance in the coming months.

National Fittings Limited , a manufacturer of pipe fittings, has released its unaudited financial results for the quarter ended September 30, 2025, showcasing significant growth in both revenue and profitability.

Financial Highlights

Revenue and Profitability

National Fittings Limited reported a robust performance for the second quarter of fiscal year 2026. The company's net sales surged to ₹2,354.29 lakhs, marking a substantial increase of 26.02% compared to ₹1,868.20 lakhs in the corresponding quarter of the previous year.

The company's bottom line saw an even more impressive growth, with net profit more than doubling to ₹184.07 lakhs, up from ₹83.78 lakhs in Q2 FY2025. This represents a year-on-year increase of 119.71%.

Half-Year Performance

For the half-year period ended September 30, 2025:

• Net sales reached ₹4,422.48 lakhs
• Net profit stood at ₹446.31 lakhs

Earnings Per Share and Financial Position

The earnings per share (EPS) for the quarter improved significantly to ₹2.03, compared to ₹0.92 in the same period last year, reflecting the company's enhanced profitability.

As of September 30, 2025, National Fittings Limited maintained a strong liquidity position with cash and cash equivalents of ₹4,581.85 lakhs.

Business Segment

National Fittings Limited operates in a single business segment, focusing on the manufacturing of pipe fittings.

Board Approval and Audit Review

The unaudited financial results were reviewed by the Audit Committee and subsequently approved by the Board of Directors at their meeting held on October 15, 2025. The statutory auditors have carried out a limited review of the financial results for the quarter and half-year ended September 30, 2025.

National Fittings Limited's strong performance in Q2 FY2026 demonstrates the company's ability to grow its revenue and improve profitability in the competitive pipe fittings industry.