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Ester Industries Approves Q3 Unaudited Results and Re-appoints MD & Whole-time Director

Ester Industries Limited

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February 6, 2026, 06:51 AM

Ester Industries Limited approved its Q3 FY26 un-audited financial results. The Board also re-appointed Mr. Arvind Singhania as Executive Chairman & CEO and Mr. Pradeep Kumar Rustagi as Executive Director - Corporate Affairs for three-year terms starting April 1, 2026. Shareholder approval is required for these appointments and for proposed material related party transactions.

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Ester Industries Limited announced the outcome of its Board Meeting held on February 6, 2026. The Board approved the un-audited financial results (Standalone & Consolidated) for the quarter and nine months ended December 31, 2025. The meeting, which commenced at 10:30 a.m. and concluded at 12:00 Noon, also saw the re-appointment of Mr. Arvind Singhania as Managing Director, designated as Executive Chairman & CEO, for a period of three years from April 1, 2026, to March 31, 2029. This re-appointment is subject to shareholder approval. Additionally, Mr. Pradeep Kumar Rustagi was re-appointed as Whole-time Director, designated as Executive Director - Corporate Affairs, for the same three-year term, also subject to shareholder approval. The company will seek shareholder approval for these re-appointments and for proposed material related party transactions with Ester Loop Infinite Technologies Private Limited during FY 26-27 through a postal ballot.

Subsequently, on January 8, 2026, the Nomination and Remuneration Committee approved the grant of 19,188 stock options under the 'Ester Industries Limited Employees Stock Option Plan 2024' (ESOP 2024). Each stock option, upon exercise, will result in the issuance of one equity share at an exercise price of ₹79.

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