TRF Limited , a prominent player in the engineering sector, has announced the re-appointment of Umesh Kumar Singh as its Managing Director and Key Managerial Personnel for an additional three-year term. This decision, made by the company's Board of Directors, showcases confidence in Singh's leadership and vision for the organization.

Board Approval and Tenure Details

The Board of Directors of TRF Limited unanimously approved Singh's re-appointment during a meeting held on August 28, 2025. The new term is set to commence on October 1, 2025, and will extend through September 30, 2028, subject to shareholder approval. This decision follows a recommendation from the company's Nomination and Remuneration Committee.

Umesh Kumar Singh's Background

Umesh Kumar Singh brings a wealth of experience to his role at TRF Limited. With over three decades of expertise in the steel industry, Singh has demonstrated proficiency in various crucial areas:

• Procurement Management
• Project Management
• Supply Chain Management
• Total Quality Management (TQM)
• Theory of Constraint
• Tata Business Excellence Model (TBEM)
• Operations

Singh's journey with TRF Limited began on October 1, 2022, when he assumed the position of Managing Director. Prior to this role, he served as the Managing Director of Tata Pigments Limited and held various positions at Tata Steel since joining the company in 1993 as a Graduate Trainee.

Educational Background

Singh's educational qualifications include:

• B.E. (Mechanical) from BIT Mesra
• Diploma in Management Studies from XIM, Bhubaneswar

Key Points of the Re-appointment

1. The re-appointment is subject to shareholder approval.
2. Singh's position is not liable to retire by rotation.
3. The Board has confirmed that Singh has no inter-se relations with other Board members.
4. Singh is not debarred from holding the position of Director by any regulatory authorities, including the Securities and Exchange Board of India (SEBI).

Company Disclosure

TRF Limited made this announcement in compliance with Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

TRF Limited , a Tata Enterprise, has announced its financial results for the first quarter, revealing a mixed performance with improved margins despite revenue contraction.

Financial Highlights

• Revenue: TRF's revenue from operations declined significantly to ₹234.00 crore, down from ₹376.00 crore in the same period last year, marking a 37.8% year-over-year decrease.
• Net Profit: The company reported a net profit of ₹34.00 crore for the quarter, compared to ₹40.00 crore in the previous year, representing a 15% decline.
• EBITDA: Despite the revenue drop, TRF's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) stood at ₹39.00 crore, down from ₹51.00 crore in the previous year.
• EBITDA Margin: The EBITDA margin improved to 16.67% from 13.56% year-over-year, indicating better operational efficiency.

Segment Performance

TRF operates in two primary segments:

Balance Sheet Position

As of the end of the quarter, TRF Limited reported:

Key Takeaways

• Despite a significant revenue decline, TRF managed to improve its EBITDA margin.
• The Products & Services segment remains the primary revenue driver for the company.
• The company's balance sheet shows a substantial asset base, with liabilities accounting for about 73% of total assets.

Board Meeting Details

TRF Limited's board meeting for the quarterly results was held on July 28, commencing at 2:30 p.m. (IST) and concluding at 4:10 p.m. (IST). The financial results have been subject to limited review by the statutory auditors.

Conclusion

While TRF faces challenges with declining revenues, its improved EBITDA margin demonstrates resilience in its operational model. The company's ability to maintain profitability despite reduced income will be crucial for its performance in the coming quarters. Investors and analysts will be closely monitoring TRF's strategies to leverage its operational efficiency and potentially reverse the revenue decline trend.