Outcome of Board Meeting held on 04th February, 2026
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 1.7 pts more than Nifty Microcap 250 and 0.8 pts more than its Plastic Products - Industrial peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Texel Industries' board approved its unaudited standalone and consolidated results for Q3FY26 and 9MFY26 on February 4, 2026. Standalone Q3 revenue fell sharply to Rs 1,647.79 lakh (down ~37% YoY from Rs 2,604.33 lakh), but profit after tax jumped to Rs 395.35 lakh (vs Rs 178.46 lakh, up ~121%). For 9MFY26, revenue dipped slightly to Rs 7,544.03 lakh while PAT surged to Rs 615.45 lakh from Rs 105.78 lakh (up ~482%). Margins expanded meaningfully as total expenses fell faster than revenue. Statutory auditor Sunil Poddar & Co. issued an unmodified (clean) review opinion on both sets of results. In a separate move, the company reshuffled finance leadership: Mr. Parth Prakash Niphadkar was redesignated from CFO to Manager – Sales, Marketing & Business Development, and Mr. Hardik Parekh (an MBA Finance professional with 20+ years of experience) was appointed as the new CFO with immediate effect.
The sharp YoY jump in profitability and expanding margins are positive signals for shareholders, even though top-line revenue has contracted – suggesting better cost control or a richer product mix. The CFO transition is a governance event worth tracking, though no disruption to operations is indicated.