Carraro India Board Approves Q3 FY26 Results, Appoints New CS & Auditor, Greenlights Capex
Carraro India Limited approved Q3 FY26 results showing ₹278.65 million standalone PAT and ₹280.66 million consolidated PAT. The company appointed Mr. Mohith Kumar Khandelwal as Company Secretary and M/s. M S K C & Associates LLP as new Statutory Auditors. A capex of ₹623 million was approved for capacity expansion.
The appointment of a new auditor and company secretary, along with a substantial capex approval for capacity enhancement, are material events that can significantly impact the company's future operations, governance, and financial performance.
The company reported financial results, appointed new key personnel, and approved a significant capital expenditure for capacity enhancement, all indicating positive operational and strategic developments.
Carraro India Limited announced the outcome of its Board Meeting held on February 11, 2026. The Board approved the unaudited financial results (standalone and consolidated) for the quarter and nine months ended December 31, 2025, along with the limited review reports from the statutory auditors.
In key personnel changes, Mr. Mohith Kumar Khandelwal was appointed as the Company Secretary and Compliance Officer with immediate effect, based on the recommendation of the Nomination and Remuneration Committee. Furthermore, the Board approved the appointment of M/s. M S K C & Associates LLP as the new 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' second term at the ensuing AGM.
The company also approved a capital expenditure (capex) 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 cater to increased business demand. The expansion, expected to be completed within 18 months, will be funded through internal accruals and debt.
The Board meeting commenced at 02:30 PM IST and concluded at 06:05 PM IST. The unaudited standalone financial results for the quarter ended December 31, 2025, showed a profit after tax of ₹278.65 million (₹27.86 crore), and for the nine months ended December 31, 2025, a profit after tax of ₹141.37 million (₹14.14 crore). The consolidated results for the quarter ended December 31, 2025, reported a profit after tax of ₹280.66 million (₹28.06 crore), and for the nine months ended December 31, 2025, a profit after tax of ₹146.73 million (₹14.67 crore).
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