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- Board approved the appointment of Mrs. Kavita Prasad Aluru as Executive Director for 5 years, effective July 01, 2026. - Previously a Non-Executive Director, she has extensive experience and has been with the company for over two decades. - Appointment is subject to shareholder approval.

Order Win: HBL Engineering Limited won an order from Chittaranjan Locomotive Works (CLW) for the supply, installation, testing, and commissioning of On-board KAVACH Loco equipment (Ver.4.0), with an Order Value of ₹1,714 Crores (excluding 18% GST). The contract is to be completed within 12 months.

HBL Engineering reported significantly better FY26 results versus FY25. Q4 FY26 sales were higher YoY, but profitability was lower due to Kavach contract variability and other factors. For FY27, management forecasts significantly better sales and profit than FY26, despite expected quarterly profitability variations impacted by Kavach business and external factors like the gulf war, energy costs, and inflation. High-tech, higher-margin businesses are expected to become substantial revenue sources in a few years.

Consolidated Revenue ₹617.15Cr vs ₹482.41Cr (▲28% YoY), EBITDA ₹71.35Cr vs ₹78.40Cr (▼9% YoY), PAT ₹63.75Cr vs ₹44.95Cr (▲42% YoY). EBITDA Margin 11.56% vs 16.25% (▼469bps). The Board recommended a final dividend of Re.1/- per equity share (100%) for FY26, in addition to the interim dividend of Rs.2/- per share already paid. The auditors have not expressed any modified opinion on the financial results.