The Anup Engineering Limited (TAEL), a prominent manufacturer of static process equipment, has announced significant changes to its leadership structure. In a move aimed at ensuring continuity and fostering sustained organizational growth, the company has elevated Punit S. Lalbhai to the position of Chairman, effective November 10, 2025.

Key Leadership Changes

Succession Planning in Action

The transition marks a pivotal moment in TAEL's corporate governance strategy. Sanjay S. Lalbhai, who has been instrumental in shaping the company's strategic direction, is stepping down from his role as Chairman and Non-Executive Director. This move is part of a well-planned succession strategy, demonstrating TAEL's commitment to smooth leadership transitions.

Punit S. Lalbhai, previously serving as Vice-Chairman and Non-Executive Director, will now take the helm as Chairman. His elevation is seen as a strategic step to maintain leadership continuity and drive the company's future growth initiatives.

Expanding the Board

In a related development, the board has appointed Kulin S. Lalbhai as an Additional Director in the capacity of Non-Executive Director, subject to shareholder approval. This appointment brings fresh perspectives to the board and strengthens the company's governance structure.

Family Ties and Professional Expertise

It's worth noting the family connections within the leadership:

• Kulin S. Lalbhai is the son of outgoing Chairman Sanjay S. Lalbhai and brother of newly appointed Chairman Punit S. Lalbhai.
• Kulin brings significant experience to his new role, serving as Vice Chairman of Arvind Limited, where he drives consumer and digital businesses.
• His educational background includes an MBA from Harvard Business School and a BS in Electrical Engineering from Stanford University.

Looking Ahead

Sanjay Lalbhai expressed confidence in the new leadership, stating, "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."

Punit Lalbhai, in his new role as Chairman, emphasized his commitment to the company's future, saying, "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."

These changes at The Anup Engineering Limited reflect a strategic approach to leadership succession and corporate governance, positioning the company for its next phase of growth and innovation in the engineering sector.

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.