Skipper Limited , a prominent player in the infrastructure and engineering sector, has announced a significant change in its top management. The company has elevated Mr. Jalaj Kumar Malpani to the position of Chief Operating Officer (COO), effective November 18, 2025. This move marks a strategic shift in the company's leadership structure and operational strategy.

Key Details of the Appointment

• New Role: Chief Operating Officer (COO)
• Effective Date: November 18, 2025
• Previous Position: President-Business Excellence

Background and Expertise

Mr. Malpani brings a wealth of experience and qualifications to his new role:

• Graduate from St Xavier's College, Kolkata
• Qualified Chartered Accountant and Cost Accountant
• Previous experience with Vedanta Ltd. and Arcelor Mittal

Since joining Skipper Limited, Mr. Malpani has been instrumental in various key areas of the company's operations, including:

• Human Resources (HR)
• IT & Digital Transformation
• Environment, Health & Safety (EHS) & Sustainability
• Administration
• Power Improvement Initiatives

Implications for Skipper Limited

This promotion reflects Skipper Limited's recognition of Mr. Malpani's versatile experience and his significant contributions to the company. As the new COO, he is expected to play a crucial role in driving operational excellence and strategic initiatives across the organization.

Corporate Governance Update

In a related development, Skipper Limited has also announced plans to seek shareholder approval for increasing the company's borrowing powers. The company has issued a postal ballot notice for the following purposes:

1. To increase the borrowing limit from the existing ₹5,000.00 crores to ₹8,000.00 crores under Section 180(1)(c) of the Companies Act, 2013.
2. To create mortgage/charge/hypothecation on the company's movable and immovable properties to secure the increased borrowings under Section 180(1)(a) of the Companies Act, 2013.

The e-voting period for these resolutions is scheduled from November 19, 2025, to December 18, 2025.

These moves suggest that Skipper Limited may be gearing up for significant expansion or capital-intensive projects in the near future, with Mr. Malpani's elevation potentially playing a key role in executing these plans.

As Skipper Limited navigates these changes, stakeholders will be keenly watching how these strategic decisions impact the company's growth trajectory and operational efficiency in the coming months.

Skipper Limited , a leading manufacturer in the power transmission and distribution sector, has reported robust financial results for the second quarter of fiscal year 2026, showcasing strong revenue growth and an expanding order book.

Record-Breaking Q2 Performance

The company achieved its highest-ever second quarter revenue of INR 1,262.00 crores, marking a 14% year-on-year growth. This impressive performance was primarily driven by strong execution in the engineering product supply segment. Skipper's EBITDA reached INR 131.00 crores, representing a healthy margin of 10.4%.

Order Book Hits New Heights

Skipper's order book has soared to a record high of INR 8,820.00 crores as of September 2025. This robust order book provides strong visibility for future growth and underscores the company's competitive position in the market.

Management Outlook

The management remains optimistic about the company's growth trajectory. They have maintained their guidance of 25% revenue growth for FY26 and are targeting a closing order book of INR 9,000.00-10,000.00 crores by the end of the fiscal year.

Expansion and Future Plans

During the recent earnings call, Sharan Bansal, Director of Skipper Limited, shared insights on the company's expansion plans and market outlook:

• Capacity Expansion: The company's new 75,000 tonnes capacity is now fully operational, with commercial production having commenced. Skipper has also initiated plans for an additional 75,000 tonnes expansion, aiming to reach a total capacity of 600,000 metric tons per year by FY28.

• Export Market Focus: Skipper is actively pursuing opportunities in international markets, with a long-term aspiration to achieve a 50-50 split between domestic and export orders. The company has recently approved the establishment of three new foreign marketing subsidiaries in the US, UAE, and Brazil to support this goal.

• Product Diversification: While maintaining its core focus on power transmission and distribution, Skipper is exploring opportunities in solar generation and the wind sector for some of its engineering products.

Financial Outlook

The company expects to maintain its EBITDA margins at around 10-10.5% for the full year FY26. Long-term, Skipper aims to improve its margins from the current levels to 12%.

Upcoming Corporate Actions

Skipper's Board of Directors has approved a Notice of Postal Ballot seeking shareholder approval for increasing the company's borrowing powers and for the creation of charges on the company's assets. The cut-off date for determining the list of shareholders eligible to receive the Notice of Postal Ballot has been set as November 14, 2025.

Skipper Limited's strong performance and ambitious growth plans position it well in the power transmission and distribution sector. With its focus on capacity expansion, international market penetration, and maintaining healthy margins, the company appears well-positioned for continued growth in the coming years.