PIX Transmissions Limited has issued a postal ballot notice dated February 13, 2026, seeking shareholder approval for key board appointments and governance changes. The company has announced three special resolutions that require member approval through electronic voting.

Key Appointments and Proposals

The postal ballot covers three critical governance matters for the power transmission solutions company. The proposals include director re-appointments and changes to retirement provisions for senior management positions.

Director Profiles and Qualifications

Mr. Rishipal Sethi (DIN: 00129304), aged 52 years, brings over 30 years of experience and holds a B.Sc in Electrical Engineering from Cornell University, United States. He has been instrumental in establishing overseas ventures and overseeing sales and marketing operations for the PIX Group of Companies. His proposed remuneration ranges from Rs. 25 to 30 lakhs per month.

Ms. Shirley Paul (DIN: 06918198), aged 69 years, holds a Master's degree in Economics with over four decades of experience in business development across domestic and export markets. Her extensive experience in the V-belt industry has contributed significantly to the company's sales and profitability targets. Her proposed remuneration ranges from Rs. 20 to 25 lakhs per month.

Voting Schedule and Process

The company has established a comprehensive timeline for the postal ballot process, with all voting conducted electronically through NSDL's e-voting platform.

Company Performance Context

The re-appointments come against the backdrop of strong financial performance. For the year ended March 31, 2025, the company reported consolidated revenue from operations of Rs. 58,944.52 lakhs compared to Rs. 49,306.47 lakhs in the previous year. Consolidated profit after tax increased to Rs. 11,287.62 lakhs from Rs. 8,298.77 lakhs in the prior year.

Regulatory Compliance

Pursuant to Regulation 17(1C) of SEBI Listing Regulations, the company must obtain shareholder approval for director appointments within three months of the board's decision. The Board of Directors approved these re-appointments at their meeting held on February 13, 2026.

The postal ballot notice has been sent electronically to all shareholders whose email addresses are registered with the company, depositories, or registrar. Mr. Sahib Chauhan, Chartered Accountant (Membership No. 146408), has been appointed as the scrutinizer for the e-voting process to ensure fair and transparent conduct.

Pix Transmissions Ltd announced its unaudited standalone and consolidated financial results for the quarter ended December 31, 2025, pursuant to Regulation 33 of the SEBI Listing Regulations. The industrial rubber products manufacturer delivered strong financial performance with significant growth in profitability despite modest revenue expansion.

Strong Standalone Performance

The company's standalone financial results demonstrated impressive growth across key metrics. Net profit after tax surged 40.00% year-on-year to ₹3,164.05 lacs compared to ₹2,260.33 lacs in Q3FY25. This substantial increase reflects improved operational efficiency and better cost management.

Other income witnessed remarkable growth of 136.56% to ₹902.30 lacs from ₹381.43 lacs in the previous year quarter, contributing significantly to the overall income expansion.

Enhanced Consolidated Results

On a consolidated basis, the company's performance was even more impressive. Consolidated net profit after tax reached ₹3,526.36 lacs, marking a substantial 58.51% increase from ₹2,224.94 lacs in Q3FY25. Consolidated revenue from operations grew to ₹15,122.07 lacs compared to ₹14,028.13 lacs in the corresponding quarter last year.

Nine-Month Performance Overview

For the nine months ended December 31, 2025, standalone revenue from operations was ₹37,503.55 lacs compared to ₹40,581.77 lacs in the corresponding period last year. Net profit for the nine-month period stood at ₹7,509.27 lacs versus ₹8,605.50 lacs in the previous year. On a consolidated basis, nine-month net profit reached ₹8,666.71 lacs compared to ₹9,022.72 lacs in the previous year.

Board Approves Key Re-appointments

The Board of Directors, in their meeting held on February 13, 2026, approved significant leadership continuity measures. The board re-appointed Mr. Rishipal Sethi as Joint Managing Director for another 3-year term commencing April 01, 2026, subject to shareholder approval. Additionally, Ms. Shirley Paul was re-appointed as Whole Time Director for 3 years from July 10, 2026, also subject to shareholder approval.

Regulatory Compliance and Publication

Pursuant to Regulation 30 and 47 of the SEBI Listing Regulations, 2015, the company published its unaudited financial results in Indian Express (English Daily) and LokSatta (Marathi Daily) on February 15, 2026. The publication is also available on the company's website at www.pixtrans.com , ensuring transparent communication with stakeholders.

Impact of New Labour Codes

The company disclosed that effective November 21, 2025, the Government of India consolidated multiple existing labour legislations into four unified Labour Codes. This resulted in a one-time increase in employee benefits provision of ₹196.24 lacs, which was accounted for in the employee benefits expense for the quarter and nine months ended December 31, 2025. The company noted that the government is still in the process of notifying related rules, and any future impact will be evaluated accordingly.