Triton Valves Limited has announced the appointment of Mr. Ashok Kumar Dash as Additional Non-executive Independent Director, marking a strategic addition to its board leadership. The appointment was approved during a board meeting held on February 12, 2026, following recommendations from the company's Nomination and Remuneration Committee.

Board Appointment Details

The board meeting, which commenced at 02:30 pm and concluded at 06:10 pm on February 12, 2026, formally approved Mr. Dash's appointment under Regulation 30 of the SEBI Listing Regulations. The appointment carries specific terms and conditions that align with corporate governance requirements.

Professional Background and Experience

Mr. Ashok Kumar Dash brings substantial industry expertise to Triton Valves' board, with over 39 years of experience in the automotive manufacturing sector. His professional journey demonstrates a strong foundation in operational and strategic advisory roles, making him well-suited for the independent director position.

His career highlights include:

• Maruti Suzuki India Limited: Progressed through various leadership roles from Engineer to Senior Vice President
• Suzuki Motorcycles India Limited: Served as Senior Advisor on deputation from Maruti Suzuki
• Core Expertise: Manufacturing operations, supply chain management, engineering, quality assurance, localization, and supplier development

Mr. Dash is recognized for his analytical capabilities in handling complex operational data, identifying market trends, and providing effective recommendations in dynamic business environments under stringent timelines.

Regulatory Compliance and Next Steps

The appointment follows proper corporate governance protocols as mandated under SEBI regulations. Triton Valves has fulfilled its disclosure obligations by informing the BSE and making the information available on the company website at www.tritonvalves.com .

The appointment remains subject to formal approval by the company's shareholders at the upcoming General Meeting, which represents the final step in the appointment process. This shareholder approval is a standard requirement for independent director appointments under corporate governance norms.

The addition of Mr. Dash to the board reflects Triton Valves' commitment to strengthening its governance structure with experienced industry professionals who can provide valuable strategic guidance and oversight.

Triton Valves Limited delivered strong financial performance in Q3FY26, reporting significant revenue growth across both standalone and consolidated operations for the quarter and nine months ended December 31, 2025. The automobile tyre tube valves and accessories manufacturer demonstrated resilience despite facing exceptional costs related to new labour legislation.

Consolidated Financial Performance

The company's consolidated operations showed impressive growth momentum during the quarter. Revenue from operations surged 25.6% year-on-year, reflecting strong market demand and operational efficiency.

For the nine-month period, consolidated revenue reached ₹41,908.83 lakhs, representing a 21.1% increase from ₹34,598.15 lakhs in the corresponding period of the previous year. Net profit for nine months stood at ₹611.33 lakhs compared to ₹463.05 lakhs, marking a 32.0% improvement.

Standalone Operations Show Steady Growth

The standalone financial results also reflected positive performance trends, with revenue from operations growing 10.4% year-on-year in Q3FY26.

For the nine-month period, standalone revenue increased to ₹31,611.40 lakhs from ₹28,133.50 lakhs, representing a 12.4% growth. Net profit improved significantly to ₹670.27 lakhs from ₹492.47 lakhs, achieving a 36.1% increase.

Impact of New Labour Codes

The company faced an exceptional item impact during the quarter due to the implementation of four Labour Codes by the Government of India, effective November 21, 2025. These codes introduced changes including uniform wage definitions and enhanced leave benefits, resulting in increased gratuity liabilities.

The company assessed these changes as non-recurring events and presented the incremental amounts under "Exceptional Item" in the financial results.

Corporate Actions and Strategic Developments

Triton Valves announced several significant corporate developments during the period. The Board of Directors recommended issuing bonus shares in a 3:1 ratio to celebrate the company's 50th year of operations, subject to shareholder approval and regulatory compliance.

Key Corporate Actions:

• Bonus share proposal: 3 fully paid-up equity shares of ₹10 each for every 1 existing share
• Utilization of ₹384.16 lakhs from securities premium account
• Conversion of 80,000 warrants to equity shares completed in October 2025
• Trading approval received from BSE Limited in December 2025

Merger and Expansion Plans

The company continues to progress with its merger plans involving Tritonvalves Climatetech Private Limited. On January 16, 2026, Triton Valves submitted an affidavit before the National Company Law Tribunal confirming receipt of all requisite regulatory approvals. The appointed date has been revised to April 01, 2025, with the final merger order expected before March 31, 2026.

Earnings Performance

The company demonstrated strong earnings growth across both standalone and consolidated operations. Consolidated basic earnings per share increased substantially to ₹20.63 in Q3FY26 from ₹9.01 in Q3FY25. For the nine-month period, consolidated basic EPS reached ₹49.82 compared to ₹39.04 in the previous year, reflecting the company's improved profitability and operational efficiency.