Carraro India Appoints New CS & Auditors, Approves ₹623M Capex
Carraro India's board approved Q3 FY26 results and a ₹62.3 Crore capex to boost manufacturing capacity by over 15%. Mohith Kumar Khandelwal was appointed Company Secretary, and M S K C & Associates LLP was appointed as Statutory Auditors for five years, pending shareholder approval. The capex will be funded by internal accruals and debt.
The appointment of a new Company Secretary and Auditors, along with a substantial capital expenditure for capacity enhancement, are material events that can significantly impact the company's operations and future performance.
The company reported financial results, approved significant capex for capacity expansion, and made key appointments, indicating positive operational and strategic developments.
Carraro India Limited's Board of Directors, in a meeting held on February 11, 2026, approved the unaudited financial results for the quarter and nine months ended December 31, 2025, both on a standalone and consolidated basis.
The board also approved the appointment of Mr. Mohith Kumar Khandelwal as the Company Secretary and Compliance Officer, effective immediately, based on the recommendation of the Nomination and Remuneration Committee. Mr. Khandelwal is a Fellow Member of the Institute of Company Secretaries of India with over a decade of experience in legal and secretarial domains.
Furthermore, M/s. M S K C & Associates LLP was approved as the Statutory Auditors for a first term of five consecutive years, subject to shareholder approval at the upcoming annual general meeting. This appointment follows the conclusion of the current auditors' term.
Additionally, the company approved a capital expenditure of ₹623 Million (₹62.3 Crore) to enhance manufacturing capacities from 134,028 Axles to 154,160 Axles. The current plant utilization exceeds 90%, necessitating this expansion to meet increased business demand. The expansion, expected to be completed within 18 months, will be funded through a mix of internal accruals and debt.
The board meeting commenced at 02:30 PM IST and concluded at 06:05 PM IST. The financial results and company information will be available on the company's website.
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