We are pleased to share that NRB closed FY26 on a strong footing, delivering consolidated Revenue growth of 11% and 19.2% growth in EBITDA, reflecting the resilience of our business model and consistent execution across markets with consolidated EBITDA increasing to ₹267 crore and Profit after Tax increasing to ₹146 crore. The strong operational execution reflected in the revenue momentum and expanding EBITDA margins was driven by volume growth, improved product mix, and sustained operational efficiencies. Across the year, structural initiatives focused on automation, energy optimisation, and disciplined cost management provided meaningful support to margin expansion. The Company’s growth strategy remains firmly anchored in deep R&D capabilities and non-commoditized products with long-standing, sticky customer relationships that provide a durable competitive advantage. This differentiated positioning enables NRB to compete effectively in high-precision engineering segments where product quality, reliability, and application-specific technical expertise command premium valuations. NRB is at the forefront of global technology platforms, supported by a world-class engineering backbone that enables premium pricing and builds a sustainable competitive moat. Alongside operational delivery, the Company made steady progress on its strategic priorities. Brownfield expansions at Jalna and Chikalthana are advancing as planned and are expected to start contributing from FY27, providing additional capacity to support increasing business across both existing and new customer programs. These investments reflect NRB’s confidence in market opportunity and its ability to profitably scale across its served segments. Despite a challenging and volatile global environment marked by intermittent supply-chain disruptions and inflationary pressures, NRB remained resilient and continued to meet customer commitments without disruption. The Company’s vertically integrated manufacturing footprint, coupled with proactive supply chain management and strong customer partnerships, enabled uninterrupted service delivery even through periods of external volatility. With an expanding capability base, a more diversified portfolio, and disciplined execution across the business, NRB is well positioned for the next phase of sustainable and profitable growth.