V-GUARD INDUSTRIES LTD.

V-Guard Industries Ltd announced the retirement of Ms. Radha Unni, Chairperson and Independent Director, effective September 26, 2026, upon completion of her second and final term. Consequently, she will also step down from her positions on the Audit Committee, Nomination and Remuneration Committee, Stakeholders’ Relationship Committee, and Risk & ESG Committee. In a related move, Mr. Mithun K Chittilappilly, the current Managing Director, will additionally assume the role of Chairperson of the Board starting September 27, 2026. Mr. Chittilappilly brings extensive experience, having led V-Guard's market expansion and product portfolio growth.

V-Guard Industries Ltd has announced the closure of its trading window for dealing in the company's shares. This closure is in accordance with SEBI (Prohibition of Insider Trading) Regulations, 2015, and the company's internal code of conduct. The window will be shut for all designated insiders and their immediate relatives starting from October 1, 2026. It will reopen 48 hours after the declaration of the Un-Audited Standalone and Consolidated Financial Results for the quarter and half-year ended September 30, 2026. The specific date for the Board Meeting to approve these financial results will be communicated separately.

ICICI Prudential Mutual Fund has disclosed a net sale of 91,83,134 equity shares of V-Guard Industries Ltd. This transaction, conducted via the open market between January 20, 2026, and August 17, 2026, resulted in a decrease of over 2% in their shareholding. Prior to the sale, the fund held approximately 7.04% (3,07,28,299 shares) of V-Guard's paid-up capital. Post-sale, their holding has reduced to approximately 4.93% (2,15,45,165 shares). The fund clarified that these transactions are for investment purposes and not to gain controlling interest.

ICICI Prudential Mutual Fund has disclosed a net sale of 91,83,134 equity shares in V-Guard Industries Ltd., representing 2.11% of the paid-up capital. This transaction, conducted through open market sales between January 20, 2026, and August 17, 2026, reduced the fund's holding from 7.04% to 4.93%. The sales were made from an investment perspective, not to gain control. The total equity share capital of V-Guard Industries before the disposal was 43,63,44,639 shares, increasing to 43,68,91,055 shares after the disposal.

V-Guard Industries Ltd has been voluntarily rated by CRISIL on Environment, Social & Governance (ESG) standards. The company has retained its 'Strong' rating category. The overall CRISIL ESG Rating for the Financial Year ending March 31, 2026, has improved to '68' from '63' in the previous year. CRISIL also assigned a Core ESG Rating of 'Crisil Core ESG 64'. It is important to note that V-Guard Industries did not engage CRISIL for this rating; the assessment was independently conducted based on public disclosures and available information.

V-Guard Industries Ltd. reported a strong first quarter for FY 2026-27, with consolidated net revenue from operations growing by 23.5% year-on-year to ₹1810.65 crore. Profit After Tax (PAT) saw a significant surge of 76.4%, reaching ₹130.25 crore compared to ₹73.85 crore in the same period last year. The company's Managing Director, Mr. Mithun K. Chittilappilly, attributed the robust performance to double-digit growth across all segments, resilience against geopolitical challenges like the West Asia war, proactive measures, and a supportive summer season. All segments, including Electronics, Electricals, and Consumer Durables, contributed to this growth. The company remains optimistic about sustaining this momentum in the upcoming quarters.

V-Guard Industries Ltd announced that its Board of Directors has approved the appointment of Mr. Mithun K Chittilappilly, the current Managing Director, as the new Chairperson of the Board, effective September 27, 2026. This follows the conclusion of Ms. Radha Unni's second and final term as Chairperson and Independent Director on September 26, 2026. The board also approved the Un-Audited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026, reporting a profit before tax of ₹143.72 crore and a net profit of ₹107.79 crore. Additionally, 23,912 equity shares were allotted under the company's Employee Stock Option Scheme (ESOS 2013).

V-Guard Industries Ltd. announced that its Board of Directors has approved the Un-Audited Standalone & Consolidated Financial Results for the quarter ended June 30, 2026. The board also approved the appointment of Mr. Mithun K Chittilappilly as the new Chairperson, effective September 27, 2026, succeeding Ms. Radha Unni. Additionally, the company approved the allotment of 23,912 equity shares under its Employee Stock Option Scheme (ESOS 2013). The meeting was held on July 29, 2026.

V-Guard delivered a strong start to FY27. Consolidated revenue from operations rose 23.5% YoY to ₹1,810.7 Cr and net profit climbed 76.4% to ₹130.25 Cr (EPS ₹2.97 vs ₹1.69), with no one-off on either side of the comparison — the entire jump is operating. Net margin expanded to 7.2% from 5.0% a year ago, and operating margin reached ~10.5%, clearing the double-digit EBITDA mark management had framed on the Q4 call as a near-term challenge in a volatile cost environment. Standalone profit was even stronger at ₹107.79 Cr (+93.5% YoY); the two bases tell the same story, so the wider standalone growth is base-effect, not a divergence in the underlying print. The result beat the bar comfortably. Univest's trailing-growth model pegged Q1 revenue at ₹1,564–1,799 Cr and street framed FY27 as a 15–20% PAT-growth recovery year; the ₹1,810.7 Cr topline printed above the high end and the +76% profit vaulted well past the annual PAT-growth expectation in the very first quarter. It also runs ahead of management's own guidance of 10–12% FY27 volume growth and ~15%+ revenue growth on price hikes — the summer tailwind and low base management had flagged clearly materialised. Growth was broad-based across segments. Electricals led at +27.7% YoY (₹670.1 Cr) with segment profit up to ₹70.6 Cr from ₹47.4 Cr; Electronics rose 22.8% to ₹658.5 Cr; and Consumer Durables — the summer-sensitive water heaters/fans/coolers business — grew 19.2% to ₹416.7 Cr and swung to a ₹14.9 Cr segment profit from a ₹7.2 Cr loss a year ago, the clearest single driver of the margin uplift. Sunflame contributed ₹65.7 Cr. Because much of the revenue lift is price-hike-led, the durability of the double-digit operating margin into the seasonally softer second half is the key thing to watch. Alongside the numbers, the board approved the leadership transition flagged earlier: MD Mithun K Chittilappilly becomes Chairperson w.e.f. September 27, 2026, on Ms. Radha Unni's term-end, and 23,912 ESOS shares were allotted. The Sunflame merger into the parent remains in-principle approved and pending regulatory clearance.

V-Guard Industries Ltd announced that its Nomination and Remuneration Committee has approved the grant of 76,416 stock options to eligible employees under the Employee Stock Option Scheme (ESOS) 2013. These options carry the right to acquire equity shares at a face value of ₹1 each. The options will vest over a period of not more than four years, based on time and performance criteria, and can be exercised within six years from the date of vesting. The scheme complies with SEBI regulations.