Wonder Electricals Limited has announced the demise of its Independent Director Mr. Jugal Kishore Chugh, issuing a corrected regulatory disclosure to stock exchanges on January 06, 2026. The company informed both NSE and BSE about this significant board change under the mandatory disclosure requirements.

Director Details and Cessation

Mr. Jugal Kishore Chugh, who held Director Identification Number (DIN) 01254901, passed away on January 04, 2026. The company clarified that it became aware of the demise only on January 06, 2026, which is being treated as the triggering date for making the required disclosure under Regulation 30 of SEBI LODR Regulations.

Regulatory Compliance and Correction

Wonder Electricals issued this communication as a continuation of an earlier disclosure made on the same day, correcting a previous error in the cessation date. The company had inadvertently mentioned January 06, 2026, as the cessation date in its initial intimation, instead of the actual date of January 04, 2026.

The disclosure was made in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosures Requirements) Regulations, 2015, and follows the guidelines specified in SEBI Master Circular No. SEBI/HO/CFD/PoD2/CIR/P/0155 dated November 11, 2024.

Additional Disclosures

As per the regulatory requirements, the company confirmed that Mr. Chugh did not hold directorship positions in any other listed companies at the time of his demise. The formal communication was signed by Company Secretary and Compliance Officer Dhruv Kumar Jha, ensuring proper documentation and regulatory compliance.

The company has requested both stock exchanges to take this corrected information on record, maintaining transparency with stakeholders and regulatory authorities regarding this important board composition change.

Wonder Electricals , a player in the electrical equipment sector, has released its financial results for the second quarter, revealing a mixed performance with declining revenue but improved profitability margins.

Financial Highlights

Revenue and Profit Analysis

Wonder Electricals experienced a significant decline in its top-line performance, with revenue decreasing to ₹92.50 crore from ₹130.00 crore in the same quarter last year, marking a 28.85% year-over-year reduction. This downturn in revenue had a cascading effect on the company's net profit, which fell by 54.55% to ₹2.50 crore, compared to ₹5.50 crore in the corresponding quarter of the previous year.

Improved Operational Efficiency

Despite the challenges in revenue generation, Wonder Electricals demonstrated improved operational efficiency. The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) grew to ₹4.30 crore from ₹3.50 crore in the previous year, representing a 22.86% increase.

Margin Expansion

A notable positive in the company's Q2 performance was the expansion of its EBITDA margin. The EBITDA margin improved significantly to 4.65% from 2.69% in the same quarter last year, an increase of 196 basis points. This margin improvement suggests that Wonder Electricals has potentially implemented cost-cutting measures or achieved better operational efficiency to mitigate the impact of reduced revenue.

Additional Information

Wonder Electricals Limited announced its unaudited financial results for the quarter and half-year ended September 30. The company's board meeting was held on November 12, where the results were approved. Wonder Electricals primarily operates in the manufacturing of electrical appliances as a single business segment.

During the year, the company established a Limited Liability Partnership firm named Integrated Motion Control LLP with 51% shareholding. This new entity is set to manufacture PCB cards for ceiling fans and electronic products. However, it's worth noting that the operations of the LLP had not commenced by September 30.

The statutory auditors conducted a limited review of the unaudited financial results and issued an unqualified opinion. The company's financial statements include various line items such as assets, liabilities, revenue, and cash flows.

The mixed Q2 results present a complex picture for Wonder Electricals. While the company faces challenges in maintaining its revenue streams, its ability to improve profitability margins in a difficult operating environment may be seen as a positive sign by investors and market analysts. The coming quarters will be crucial in determining whether the company can leverage its improved operational efficiency to drive growth and restore its revenue performance.