Appointment of Mr. Hardik Parikh as a CFO of the Company w.e.f. 04.02.2026.
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Texel Industries' board, at its meeting on 4 February 2026, approved three key items. First, unaudited standalone and consolidated results for Q3 FY26 (quarter ended 31 December 2025) and the nine-month period. Second, the existing CFO Mr. Parth Prakash Niphadkar was redesignated as Manager – Sales, Marketing & Business Development, while continuing as an employee. Third, Mr. Hardik Parikh, a finance professional with over 20 years of experience and an MBA in Finance, was appointed as the new CFO. Standalone Q3 revenue came in at ₹1,647.79 lakhs (down from ₹3,321.12 lakhs in Q2 FY26), but profit after tax jumped to ₹395.35 lakhs from ₹141.79 lakhs sequentially. On a nine-month basis, PAT surged to ₹615.45 lakhs versus ₹105.78 lakhs in the same period last year, though revenue dipped slightly to ₹7,544.03 lakhs from ₹7,761.64 lakhs. Statutory auditors M/s Sunil Poddar & Co. issued an unmodified review opinion.
Smooth CFO transition with no disruption, as the outgoing CFO stays with the company in a sales role. Strong nine-month PAT growth of nearly 6x year-on-year is a positive signal for shareholders, though the sequential revenue drop in Q3 may warrant a closer look at demand trends.