Uniparts India Limited has announced a leadership transition in its finance department, with the resignation of its current Chief Financial Officer and the appointment of a new Group CFO. The changes were communicated to stock exchanges on March 11, 2026, in compliance with regulatory disclosure requirements.

CFO Resignation Details

Rohit Maheshwari, the company's Chief Financial Officer and Key Managerial Personnel, has tendered his resignation due to personal reasons. His resignation will become effective from the close of business hours on March 12, 2026. Maheshwari will also cease to be Key Managerial Personnel under regulation 30(5) of SEBI Listing Regulations.

In his resignation letter addressed to Group CEO Tanushree Bagrodia, Maheshwari expressed gratitude for the opportunities and support received during his tenure. He committed to ensuring a smooth transition and making himself available to provide necessary information and assistance during the handover process.

New Group CFO Appointment

The Board of Directors, in a meeting held on March 11, 2026, from 06:00 P.M. to 06:21 P.M., approved the appointment of Sandeep Taneja as Group Chief Financial Officer and Key Managerial Personnel. The appointment was based on recommendations from the Nomination and Remuneration Committee and Audit Committee, and will be effective from March 16, 2026.

Professional Background of Sandeep Taneja

Taneja brings extensive qualifications and experience to his new role:

Educational Qualifications:

• Bachelor's and Master's degree in commerce from India
• MBA from the United States
• Chartered Accountant from Institute of Chartered Accountants of India
• Licensed CPA in Colorado state of USA

Professional Experience:

• Over 25 years of diverse global business experience
• Nearly 15 years in India and 10 years in USA
• Managed P&Ls ranging from $100M to $3B
• Experience across various finance domains including accounting, reporting, audit, tax, business partnering, and treasury

Career Highlights:

Regulatory Compliance and Timeline

The company has fulfilled all regulatory disclosure requirements under Regulation 30 of SEBI Listing Regulations. The transition timeline ensures continuity in financial leadership with only a four-day gap between Maheshwari's departure and Taneja's assumption of responsibilities. All relevant information has been made available on the company's website at www.unipartsgroup.com , and proper documentation has been submitted to both BSE and NSE as required under the listing regulations.

Uniparts India Limited demonstrated strong operational momentum in Q3 FY26, delivering significant growth across key financial metrics while maintaining its resilient business model amid improving industry conditions.

Financial Performance Highlights

The company reported impressive financial results for the quarter ended December 31, 2025, with revenue growth accelerating across multiple segments.

For the nine months of FY26, the company achieved 17% revenue growth with EBITDA increasing 46% year-on-year, demonstrating effective operating leverage as volumes recovered.

Strategic Business Model Gains Traction

Warehouse-led sales have emerged as a key growth driver, now accounting for over 50% of revenues in the first nine months of FY26. This strategic positioning enables the company to create higher value for customers through enhanced agility, resilience, and proximity - capabilities that management emphasizes are not easily replicable.

The revenue mix breakdown shows warehousing sales at approximately 50%, direct exports at 25%, India sales at 15%, and local delivery in the US comprising the balance. This diversified delivery model provides stability across different market conditions and customer requirements.

Industry Recovery Supports Growth Momentum

The construction equipment industry continues to show steady improvement, supported by infrastructure spending, data center investments, and energy transition projects in the United States. European markets are experiencing gradual recovery with infrastructure spending and ESG-driven refurbishment supporting demand.

In the agriculture segment, small agriculture is recovering ahead of large agriculture, with industry expectations indicating flat-to-low single-digit growth across North America and Europe. Indian demand remains robust, supported by favorable monsoons, healthy reservoir levels, and GST reductions.

Tariff Changes Create New Opportunities

Recent tariff modifications present significant opportunities for the company's growth strategy. The reduction in reciprocal tariffs to 18% and removal of Russian oil tariffs are expected to benefit all business segments, particularly aftermarket and construction equipment. Management indicated these changes could reactivate China Plus One projects that had previously stalled due to higher tariff structures.

Strong Financial Position and Capital Allocation

The company maintains a robust balance sheet with a net cash position of Rs.153 crores as of December 31, 2025. During Q3 FY26, the company declared a special dividend of Rs.101 crores, with total dividend distribution reaching Rs.139 crores by December 2025. Additionally, a second interim dividend of Rs.7 was announced, demonstrating commitment to shareholder returns.

Outlook and Growth Prospects

With a strong new business awards pipeline of approximately Rs.200 crores providing visibility into future growth, the company expects to maintain mid-teens growth for FY27. The Mexico warehouse became operational in October 2025, strengthening the near-shoring footprint and enhancing delivery reliability for customers.

Management remains confident in sustaining 20% EBITDA margins over the cycle, supported by operating leverage benefits and the company's diversified business model across segments and geographies.