Orient Electric Ltd

Orient Electric Limited has announced the appointment of Mr. Deepankar Bhattacharjee as the Head of Internal Audit and designated him as Senior Management Personnel. The decision was approved by the Board of Directors via a resolution passed by circulation on September 10, 2026, following a recommendation from the Nomination & Remuneration Committee. Mr. Bhattacharjee is a Chartered Accountant with over 15 years of experience in internal audit, risk management, and compliance, having previously held senior roles at Indus Towers Limited, Schneider Electric, Apollo Tyres, and Deloitte.

Orient Electric Ltd has informed its shareholders that dividends for physical security holders whose Know Your Customer (KYC) details are not updated will be withheld from April 1, 2024. This action is in compliance with SEBI's Master Circular dated February 6, 2026. The company has communicated this to affected shareholders, requesting them to submit updated PAN, KYC, and nomination details to receive payments electronically. The final dividend of ₹0.75 per equity share for FY 2025-26, approved at the AGM on July 22, 2026, will be paid only after KYC compliance. Shareholders can submit required forms (ISR-1, ISR-2, SH-13/14/3) physically or electronically to the RTA, KFin Technologies Limited.

Orient Electric Ltd announced a change in designation for Ms. Anika Agarwal, a Senior Management Personnel (SMP). Effective August 7, 2026, she will transition from Chief Marketing and Customer Experience Officer to Executive Vice President & Business Unit Head – Lighting. This change reflects her new role within the company, and she will continue to be recognized as an SMP. Ms. Agarwal brings over two decades of experience in consumer electricals, insurance, and telecommunications, having previously held leadership positions at MMTC-PAMP India, Max Bupa Health Insurance, and Nokia.

ICICI Prudential Mutual Fund has disclosed the sale of 45,34,624 shares, representing a net disposal of 2.13% of the paid-up capital in Orient Electric Ltd. This transaction occurred between July 31, 2023, and August 4, 2026. Following the sale, the fund's holding in Orient Electric has reduced to 4.16% (89,23,180 shares). The shares were sold through the open market. This disclosure is made in accordance with SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011.

Orient Electric Ltd has received an improved ESG rating of "Crisil ESG 62 (Strong)" for FY 2025-26, up from "Crisil ESG 58 (Adequate)" in FY 2024-25. The rating was assigned by Crisil ESG Ratings & Analytics Ltd, a SEBI-registered ESG Rating Provider, based on publicly available information. This marks a positive development in the company's environmental, social, and governance performance.

Orient Electric Ltd has announced the completion of the tenure of its statutory auditors, M/s. S. R. Batliboi & Co. LLP, after their two permissible terms concluded at the 10th Annual General Meeting (AGM) held on July 22, 2026. Following shareholder approval at the same AGM, M/s. Price Waterhouse Chartered Accountants LLP have been appointed as the new statutory auditors for a first term of five consecutive years, effective from the conclusion of the 10th AGM.

Orient Electric Limited announced its unaudited financial results for the first quarter of FY27, reporting a significant 23.5% year-on-year increase in revenue to ₹949.8 crore. This growth was driven by strong performance across its segments, with Electrical Consumer Durables (ECD) growing by 22.7% and Lighting and Switchgear by 25.4%. The fans business saw robust growth, particularly the BLDC fan portfolio which grew by 36%. Profit After Tax (PAT) surged by 79.7% YoY to ₹31.5 crore. The company also reported an improvement in EBITDA margins to 7.0%, up 102 bps YoY, attributed to disciplined cost management and an improved product mix, despite commodity price pressures. The company highlighted its strategic investments in emerging Switchgear and Wires businesses and premiumization efforts in its fan segment.

Orient Electric Ltd announced its un-audited financial results for the first quarter ended June 30, 2026. The results were approved by the Board of Directors during a meeting held on July 22, 2026. These financial results have undergone a limited review by the company's statutory auditors, S. R. Batliboi & Co. LLP. The detailed results and the limited review report are enclosed with this filing and will also be available on the company's website.

Orient Electric opened FY27 with a strong year-on-year print: standalone revenue from operations rose 23.5% YoY to ₹949.76 Cr (Q1FY26: ₹769.08 Cr) and net profit surged 79.7% to ₹31.49 Cr (₹17.52 Cr), lifting basic EPS to ₹1.48 from ₹0.82. The quarter absorbed a ₹3.96 Cr exceptional loss from writing down capital assets tied to the consolidation of the Noida (U.P.) manufacturing facility to net realisable value; stripping that one-off (absent in the year-ago base) lifts underlying PAT to roughly ₹34.4 Cr, ~96% above last year. Sequentially the topline was essentially flat (Q4FY26: ₹948.25 Cr) and PAT fell ~22% from ₹40.28 Cr — but the Apr–Jun quarter is peak-summer for the durables business and the fair read is the YoY comparison, which is comfortably strong. The profit growth was margin-led as well as volume-led. EBITDA margin expanded ~100 bps YoY to about 7.0% (from ~6.0%) and net margin widened to 3.3% from 2.3%, driven by operating leverage on the higher base and profit before exceptional item and tax more than doubling to ₹46.42 Cr (₹23.66 Cr). Both segments grew double digits: Electrical Consumer Durables revenue rose 22.7% YoY to ₹668.74 Cr with segment EBIT up 57.8% to ₹58.26 Cr, while Lighting & Switchgear grew 25.4% to ₹281.02 Cr though its EBIT rose a softer 8.1% to ₹42.12 Cr. The QoQ margin dip (Q4 EBITDA margin ~8.0%) reflects a richer cost mix this quarter — raw material and traded-goods purchases climbed as inventory was built. The result validates management's April-call guidance of improved Q1FY27 demand on a favourable summer and calibrated price increases to counter commodity inflation — the 23.5% YoY topline confirms the demand call. However, the ~7.0% EBITDA margin still sits well below management's stated medium-term aspiration of double-digit EBITDA margins, so the '3-wall' premiumisation/distribution agenda remains work in progress. No published brokerage consensus for this quarter was available to benchmark against, and the company gives no formal quarterly guidance. The print lands alongside a run of housekeeping developments this quarter — an ESG rating upgrade to 74 for FY26, the 10th AGM held today, and a final-dividend record date of July 10 — none of which affect the operating read. Figures are unaudited and limited-reviewed.

Orient Electric Ltd has announced an improvement in its Environmental, Social, and Governance (ESG) rating for the fiscal year 2025-26. The company received an ESG rating of 74 from SES ESG Research Private Limited, an increase from the previous year's rating of 72.3 for FY 2024-25. This rating was assigned based on publicly available information and was communicated to the company via email on July 18, 2026. The disclosure aligns with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has also uploaded this information on its investor relations website.