The Anup Engineering Limited (TAEL), a prominent manufacturer of static process equipment, has announced significant changes to its leadership structure and initiated a formal postal ballot process for shareholder approval of a key directorial appointment.

Leadership Transition Completed

The company has successfully elevated Punit S. Lalbhai to the position of Chairman, effective November 10, 2025, as part of a well-planned succession strategy. Sanjay S. Lalbhai stepped down from his role as Chairman and Non-Executive Director, marking a pivotal moment in TAEL's corporate governance.

Postal Ballot Process for Director Appointment

TAEL has now initiated a formal postal ballot process to seek shareholder approval for the appointment of Kulin S. Lalbhai (DIN: 05206878) as a Non-Executive Director. The company issued the postal ballot notice dated November 10, 2025, with comprehensive voting arrangements.

About Kulin S. Lalbhai

Kulin S. Lalbhai brings significant corporate experience to TAEL's board. He currently serves as Vice Chairman of Arvind Limited, driving consumer and digital businesses. His educational credentials include an MBA from Harvard Business School and a BSc in Electrical Engineering from Stanford University.

Family Connections and Governance

The appointment maintains family involvement in TAEL's leadership structure. Kulin S. Lalbhai is the son of outgoing Chairman Sanjay S. Lalbhai and brother of newly appointed Chairman Punit S. Lalbhai. He also holds directorships in several listed companies including Arvind Limited, Arvind SmartSpaces Limited, Arvind Fashions Limited, and Zydus Wellness Limited.

Voting Process and Compliance

The postal ballot will be conducted exclusively through remote e-voting via NSDL's platform at www.evoting.nsdl.com . Shareholders whose names appear in the Register of Members as on the cut-off date of January 2, 2026, are eligible to participate in the voting process. The company has appointed National Securities Depository Limited (NSDL) to provide the remote e-voting facility.

Punit Lalbhai, in his role as Chairman, emphasized his commitment to working closely with the management team to drive innovation and create value for stakeholders, while the postal ballot process ensures proper shareholder approval for the board expansion.

The Anup Engineering Limited (TAEL), a leading manufacturer of static process equipment, has reported its financial results for the second quarter of fiscal year 2025-26, alongside a significant leadership change at the helm of the company.

Financial Performance

For the quarter ended September 30, 2025, TAEL reported:

The company witnessed a substantial year-on-year revenue growth of 23.83%, with total income rising to ₹2,326.44 crore from ₹1,878.73 crore in the same quarter of the previous year. This growth was primarily driven by increased sales in the engineering products segment.

Despite the robust top-line growth, net profit saw a marginal decline of 0.89%, settling at ₹320.26 crore compared to ₹323.15 crore in the corresponding quarter last year. The slight dip in profitability may be attributed to increased operational costs and changes in the product mix.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) showed a healthy increase of 20.05%, rising from ₹429 crore to ₹515 crore. However, the EBITDA margin experienced a slight contraction, decreasing by 66 basis points to 22.20% from 22.86% in the previous year.

Leadership Transition

In a significant development, TAEL announced a change in its top leadership. Mr. Sanjay S. Lalbhai has stepped down from his position as Chairman and Non-Executive Director of the company, effective November 10, 2025. This move is part of the company's succession planning process.

The Board of Directors has appointed Mr. Punit S. Lalbhai, who previously served as Vice-Chairman, as the new Chairman of TAEL. This transition aims to ensure continuity in leadership and sustain the company's growth trajectory.

Commenting on his departure, Mr. Sanjay Lalbhai stated, "It has been an honour to serve on the Board of The Anup Engineering Limited and witness its evolution into a leading player in the engineering industry. I am confident that under Punit's leadership, TAEL will continue to build on its strong foundation and deliver sustainable, long-term value for all stakeholders."

Mr. Punit Lalbhai, expressing his vision for the future, said, "I am honoured to take on the role of Chairman at The Anup Engineering Limited. As we move forward, I look forward to working closely with Mr. Reginaldo D'Souza, our Managing Director & Chief Executive Officer, and the entire TAEL team to drive innovation, strengthen customer relationships, and create enduring value for all stakeholders."

In addition to this change, the Board has appointed Mr. Kulin S. Lalbhai as an Additional Director in the capacity of Non-Executive Director, subject to shareholder approval.

These leadership changes, coupled with the company's financial performance, signal a new chapter for The Anup Engineering Limited as it continues to navigate the dynamic engineering sector.