Singer India Limited , a renowned name in the sewing machine and home appliance industry, has announced a significant change in its leadership team. The company has appointed Mr. Anuj Kumar Vasdev as the Chief Financial Officer (CFO) Designate, effective September 18, 2025.

Board Approval and Appointment Process

The appointment was approved by Singer India's Board of Directors through a circular resolution on September 18, 2025. This decision was based on the recommendation of the company's Nomination and Remuneration Committee, highlighting the strategic importance of this role.

Anuj Kumar Vasdev's Professional Background

Mr. Vasdev brings an impressive track record to his new role at Singer India:

• Over 26 years of experience in strategic finance leadership
• Held key CFO and senior finance positions in prominent organizations
• Notable companies in his career include NCML, Ozone, Mars & Wrigley's, PepsiCo, and Dabur

Throughout his career, Vasdev has demonstrated expertise in:

• Driving financial strategies
• Strengthening business performance
• Enabling sustainable growth

Implications for Singer India

The appointment of Mr. Vasdev as CFO Designate is a strategic move for Singer India Limited. His extensive experience in financial leadership across various industries is expected to bring fresh perspectives and robust financial strategies to the company.

Regulatory Compliance

In compliance with regulatory requirements, Singer India Limited has made this announcement under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also provided detailed information about the appointment to the BSE Limited, where its shares are listed.

Singer India Limited , a renowned name in the sewing machine and home appliances industry, reported a revenue decline in Q1, facing challenges in both its sewing machine and appliances segments. Despite the setback, the company secured a significant government order and remains optimistic about future growth prospects.

Sewing Machine Segment Performance

The company's sewing machine revenue dropped by 4% in Q1, primarily due to weakness in the cast iron segment. However, Singer India demonstrated strong performance in specific areas:

• The zigzag segment experienced robust growth of 38%.
• The company launched new products, including Husqvarna Viking sewing-cum-embroidery machines.
• Colored machine variants were introduced, garnering over 10% of sales.

Appliances Segment Challenges

The appliances segment faced more significant headwinds:

• Revenue in the appliances category fell by 14%, mainly due to weakness in cooling products.
• A shorter summer season and intermittent rains negatively impacted cooling product sales.

Major Government Order

In a significant development, Singer India secured a large order under the Pradhan Mantri Vishwakarma Rozgar Yojana (PMY):

• The order is for 2.8 lakh machines, valued at over 200 crore rupees.
• This represents 70% of the total requirement under the scheme.
• The company has already commenced deliveries as per the buyer's schedule.

Future Outlook and Strategies

Despite the challenges, Singer India's management remains optimistic about future growth:

• The company is targeting strong double-digit growth over the next two years.
• Singer aims to increase the revenue contribution from appliances to 30%.
• Plans are underway to launch 68 new fan SKUs to strengthen its position in the appliance market.
• The company is expanding its distribution network to 1800 direct billing points.

Market Position and Competition

Singer India operates in a competitive market:

• The sewing machine market in India is estimated at 3,000 crore rupees.
• The company faces competition from both organized and unorganized players.
• In the industrial sewing machine segment, Singer is working to increase its market share against imported products.

Management Commentary

Mr. Rakesh Khanna, Vice-Chairman and Managing Director, commented on the results: "We believe this quarter's revenue drop is transitory and not indicative of our underlying growth momentum. Our underlying growth drivers remain strong, and we are confident of delivering on our plans for the rest of the year."

Singer India continues to focus on innovation and market expansion, balancing its traditional sewing machine business with growth opportunities in the home appliances sector. The company's ability to navigate market challenges while securing significant orders positions it for potential growth in the coming quarters.