Indo Farm Equipment Limited has informed the Exchange regarding Appointment of Mr. Saravjit Singh as Internal Auditor of the company w.e.f. August 12, 2025.
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Indo Farm Equipment Limited reported strong Q1 FY26 results with standalone revenue rising to Rs. 9,125.81 lakhs from Rs. 6,954.27 lakhs in Q1 FY25 (~31% growth). Standalone profit after tax more than doubled to Rs. 458.36 lakhs from Rs. 220.27 lakhs, while consolidated PAT grew to Rs. 543.37 lakhs from Rs. 245.43 lakhs. EPS stood at Rs. 0.95 versus Rs. 0.56 in the year-ago quarter. The company also appointed Mr. Saravjit Singh, Manager (Accounts), as Internal Auditor for FY 2025-26 to comply with Section 138 of the Companies Act. Additionally, the board reconstituted three committees — Stakeholders Relationship, Risk Management, and CSR — adding Mr. Anshul Khadwalia (Whole-Time Director) and removing Ms. Arshdeep Kaur and Ms. Babita Dosajh. The notice for the 25th AGM was approved, and IPO proceeds update showed Rs. 5,000 lakhs used for debt repayment, Rs. 4,500 lakhs invested in NBFC subsidiary, while Rs. 6,779.74 lakhs remained unutilized for the new crane manufacturing unit.
The strong year-on-year earnings growth and improved margins are positive for shareholders, reflecting robust demand in both crane and tractor segments. The committee reconstitution reducing independent director presence on key committees may raise minor governance concerns for some investors.