Quality Power Electrical Equipments has announced a significant change in its senior management structure with the resignation of its President & Head (India Operations), effective December 31, 2025. The company disclosed this development under Regulation 30 of the listing regulations, ensuring compliance with mandatory disclosure requirements.

Resignation Details

The resignation has been formally accepted by the company, and Mr. Moroney will be relieved from his position on the specified date. The announcement was made by Deepak Ramchandra Suryavanshi, Company Secretary and Compliance Officer, who holds ICSI Membership No. A27641.

Regulatory Compliance

The disclosure follows the requirements under Regulation 30(6) read with Para A(7) of Part A of Schedule III of the Listing Regulations and SEBI Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024. The company has provided the mandatory details regarding changes in Senior Management Personnel as required by regulatory guidelines.

Management Transition

The resignation represents a key leadership change for the company's India operations. As per the regulatory disclosure, the brief profile section was marked as not applicable, indicating this pertains to a cessation rather than an appointment. The company has fulfilled its obligation to inform stakeholders about this senior management change within the prescribed regulatory timeframe.

The formal documentation includes all necessary regulatory annexures and compliance certifications, demonstrating the company's adherence to corporate governance standards and transparency requirements for listed entities.

Quality Power Electrical Equipments has announced a strategic acquisition through its subsidiary, which will purchase a 76% stake in Veeral Controls for ₹15.20 crores.

Transaction Overview

The acquisition is positioned to enhance the company's presence in the high-current power electronics segment. The deal involves the purchase of a controlling stake in Veeral Controls, though specific details about the transaction structure and timeline have not been disclosed.

Strategic Focus

The acquisition aligns with Quality Power Electrical Equipments' focus on expanding its capabilities in power electronics. Veeral Controls appears to operate in the high-current power electronics space, which could complement the acquirer's existing portfolio.

Financial Implications

The transaction value of ₹15.20 crores represents the investment required to secure the 76% controlling stake in Veeral Controls. Further details about the financial impact and integration plans would require additional company disclosures.