The Board of Directors in their meeting held today interalia consider and approve the following: Regularisation of Appointment of Mr. Jayesh Rawal, Mr. Tarak Gor and Mr. Ankit Rawal Corporate ....
Awaiting price reaction for this filing.
Filtron Engineers' board approved standalone and consolidated Q3 FY26 results, and regularised the appointments of two Managing Directors — Mr. Jayesh Sheshmal Rawal and Mr. Tarak Bipinchandra Gor — and one Non-Executive Director, Mr. Ankit Jayesh Rawal, all of whom were earlier inducted on January 19, 2026. The board also approved shifting the registered office from Pune to Mumbai and a sweeping expansion of the company's business objects to include infrastructure, construction, real estate, IT services, and investment activities. Standalone results remain weak with zero revenue and a loss of about Rs. 8.50 lakhs for the quarter. Consolidated results turned around dramatically — revenue of Rs. 1,094.95 lakhs and profit of Rs. 109.13 lakhs — driven entirely by the recently acquired Gabrielle Infra Speciality Private Limited (GISPL). The context: GISPL promoters have taken controlling interest in Filtron via a Rs. 64.20 crore share-swap deal, marking an effective change of control.
This is effectively a reverse takeover — the old Filtron business is loss-making and the company's future now hinges on GISPL's infrastructure operations. Shareholders should view this as a strategic pivot, with promoter-family members on the board and a major shift in business identity, which carries both turnaround opportunity and execution risk.