Singer India Limited has announced a significant leadership transition in its finance department, with the retirement of its Chief Financial Officer and the appointment of his successor. The company disclosed this information to BSE Limited on February 12, 2026, under Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

CFO Retirement Details

Mr. Subhash Chand Nagpal will retire from his position as Chief Financial Officer and Key Managerial Personnel of the company effective from the close of business hours on March 31, 2026. The Board of Directors has placed on record its sincere appreciation for the valuable contributions, leadership and dedicated services rendered by Mr. Nagpal during his tenure with the company.

New CFO Appointment

The Board of Directors has approved the appointment of Mr. Anuj Kumar Vasdev as the new Chief Financial Officer and Key Managerial Personnel, effective April 1, 2026. This appointment was made pursuant to recommendations from both the Nomination and Remuneration Committee and the Audit Committee. Vasdev is currently serving as Chief Financial Officer (CFO) – Designate at the company.

Professional Background

Mr. Anuj Kumar Vasdev brings over 26 years of extensive experience in strategic finance leadership to his new role. His professional background includes key CFO and senior finance positions with several reputed organizations:

• NCML
• Ozone
• Mars & Wrigley's
• PepsiCo
• Dabur

Throughout his career, Vasdev has played a significant role in driving financial strategy, strengthening business performance and enabling sustainable growth across organizations. His extensive experience positions him well to lead Singer India's financial operations during this transition period.

Regulatory Compliance

The announcement was made in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has provided all required details as per SEBI Circular No. SEBI/HO/CFD/CFD-PoD1/P/CIR/2023/123 dated July 13, 2023. The disclosure has also been hosted on the company's website at www.singerindia.com for public access and transparency.

Singer India Limited delivered impressive financial results for the quarter ended December 31, 2025, showcasing significant growth across key performance metrics. The company's Board of Directors approved the unaudited financial results on February 12, 2026, following recommendations from the Audit Committee.

Strong Quarterly Performance

The company demonstrated robust growth in Q3FY26 with substantial improvements across revenue and profitability metrics:

The exceptional performance was driven by increased demand and operational efficiency improvements, with total expenses rising proportionally to Rs 15,461 lakhs compared to Rs 10,536 lakhs in the previous year.

Nine-Month Financial Highlights

The company's nine-month performance for the period ended December 31, 2025, also showed strong momentum:

Segment-wise Performance Analysis

The company operates through two primary business segments with contrasting performance:

Sewing Machines and Related Accessories:

• Q3FY26 revenue: Rs 13,295 lakhs (vs Rs 7,568 lakhs in Q3FY25)
• Segment profit: Rs 1,664 lakhs (vs Rs 810 lakhs in Q3FY25)
• Nine-month revenue: Rs 31,575 lakhs (vs Rs 22,476 lakhs in 9M FY25)
• Growth driven by 76% increase in Q3 and 40% in 9M periods

Domestic Appliances:

• Q3FY26 revenue: Rs 2,806 lakhs (vs Rs 2,987 lakhs in Q3FY25)
• Segment loss: Rs 254 lakhs (vs Rs 38 lakhs loss in Q3FY25)
• Nine-month revenue: Rs 7,526 lakhs (vs Rs 8,524 lakhs in 9M FY25)
• Decline attributed to muted demand for cooling and heating products

The sewing machines segment continued to be the primary growth driver, with cast iron sewing machines growing 59% and industrial sewing machines advancing 67% in Q3.

Strategic Growth Initiatives

During Q3FY26, Singer India implemented several key strategic initiatives:

Capital Raising and Fund Utilization

During the nine-month period, Singer India raised Rs 448.55 lakhs through preferential allotment of 5,63,578 equity shares at Rs 79.59 per share. The proceeds are earmarked for:

• Expansion of manufacturing facilities
• Designing and development of tools and equipment for sewing machines
• Utilization timeline: by March 31, 2028

As of December 31, 2025, Rs 437.55 lakhs (net of expenses) remained unutilized and allocated for the specified objectives.

Regulatory and Operational Updates

The company reported an exceptional item of Rs 91 lakhs in Q3FY26 related to the one-time impact of new Labour Codes notified by the Government of India on November 21, 2025. This impact primarily arose from changes in wage definitions affecting gratuity and long-term compensated absences calculations.

Singer India has also applied for registration and listing with the National Stock Exchange of India Limited (NSE) on November 14, 2025, with the application currently under regulatory review. The company was also certified as a "Great Place to Work" for the third consecutive year, demonstrating consistent improvement across organizational parameters.

Source: Singer India Limited investor presentation for Q3FY26 quarter ended 31st December 2025