Jtekt India Limited has informed the Exchange regarding re-appointment of Mr. Minoru Sugisawa as Chairman & Managing Director of the company w.e.f. Jun 01, 2026.
JTEKTINDIA · price
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JTEKT India held a Board Meeting on 14 May 2026 and announced multiple outcomes. The company reported strong FY26 results with net profit of Rs 753.12 Lakhs (up 31% YoY) on revenue of Rs 2,691.81 Cr. The Board recommended a 75% final dividend (Rs 0.75 per share), subject to shareholder approval at the 42nd AGM in August 2026. Key leadership re-appointments were confirmed: Mr. Minoru Sugisawa as Chairman & Managing Director (2-year term from 1 June 2026), Mr. Rajiv Chanana as Wholetime Director (1 year), Mr. Masahiko Morimoto as Non-Executive Independent Director (second 5-year term from November 2026), and Mr. Yosuke Fujiwara as Wholetime Director (2 years from February 2027). The company also completed a Rs 2,498.84 Cr rights issue in August 2025, increasing paid-up capital. BSR & Co. LLP issued an unmodified audit opinion.
Continuity of Japanese management leadership signals stability for a JTEKT Corporation subsidiary. Strong financial growth with PAT up 31% and the completed rights issue provide a healthy balance sheet for future expansion.