Hindusthan Insulators & Industries Ltd authorised three key managerial personnel to determine the materiality of events or information at its October 3, 2026 board meeting, according to its BSE filing. The authorisation falls under Regulation 30(5) of the SEBI Listing Regulations.

The filing, carrying BSE scrip code 539984, identifies the following executives:

  • Deepak Kejriwal, Managing Director.
  • Shailendra Jhalani, Whole-time Director designated as Deputy Managing Director, whose appointment takes effect on October 4, 2026.
  • Neha Kejriwal, Company Secretary and Compliance Officer.

The board also approved financial results, director appointments and a proposed increase in authorised share capital. The company was formerly known as Hindusthan Urban Infrastructure Ltd.

Leadership changes and capital proposal

Jhalani resigned as Chief Financial Officer effective October 3, consequent to his proposed move to the board. Directors approved his appointment as an Additional Director from October 4 and as Whole-time Director and Deputy Managing Director for three years through October 3, 2029, subject to members’ approval.

A chartered accountant with over 27 years of professional experience, Jhalani heads commercial activities, including marketing and production, at the company’s Insulators & Electricals unit.

The board also appointed Mool Chand Gauba as an Additional Director in the non-executive independent category. His proposed first five-year term runs from October 3, 2026 to October 2, 2031, subject to members’ approval. Both additional directors hold office until the next general meeting or three months from appointment, whichever is earlier.

Directors approved raising authorised share capital from Rs 108.50 crore to Rs 121 crore, subject to shareholder and applicable regulatory or statutory approvals. The proposal increases authorised equity shares of Rs 2 each from 5.50 crore to 11.75 crore, while preference shares remain unchanged.

September-quarter results approved

The board approved unaudited standalone results for the quarter and half year ended September 30, 2026. Quarterly net profit stood at Rs 5,536.71 lakh, compared with a loss of Rs 4,330.03 lakh a year earlier. The corresponding year-earlier quarter included an exceptional charge of Rs 4,630.12 lakh; the latest quarter had none.

The company also said it is evaluating measures to strengthen its Gwalior conductor unit’s operations, improve utilisation of existing facilities and augment operational capabilities to address emerging opportunities in the conductor segment.