RIR Power Electronics Announces Appointments and Releases Quarterly Unaudited Financial Results

RIR Power Electronics Announces Appointments and Releases Quarterly Unaudited Financial Results​

RIR Power Electronics Limited has announced key appointments following its Board of Directors meeting held on August 10, 2026. The company confirmed the appointment of Mr. Vivek Satishbhai Patel as a Non-Executive Independent Director and elevated Mr. Ankit Shah to the role of Chief Financial Officer (CFO). The company also released its standalone un-audited financial results for the quarter ended June 30, 2026.

The Board approved the appointment of Mr. Vivek Satishbhai Patel as an Additional Non-Executive Independent Director, effective August 10, 2026. His appointment is subject to regularization by the company’s shareholders and he was confirmed to be not related to any current director or Key Managerial Personnel (KMP).

Mr. Ankit Shah has been appointed as the Chief Financial Officer (CFO) and Key Managerial Personnel (KMP), effective August 10, 2026. Prior to this elevation, Mr. Shah served in the company as a Financial Controller.

Company Performance Snapshot​

RIR Power Electronics reported its operational and financial results for the quarter ended June 30, 2026. The un-audited financial statements cover several key performance indicators over different reporting periods.

The summary of standalone un-audited financial results is provided in the table below (figures are in Lakhs):


The company operates in a single segment: Power Electronics, adhering to IND AS 10 "Operating Segments."

Profiles of Key Appointees​

Mr. Vivek Satishbhai Patel (Independent Director)
Mr. Patel is an accomplished business leader with over a decade of executive leadership experience across strategic management, corporate governance, and financial oversight. His expertise spans managing large-scale operations, capital planning, technology-enabled transformation, and enterprise risk management within highly regulated industries. He currently serves as a Member of the Board of Trustees at School Lane Charter School in Pennsylvania, USA, where he manages institutional governance and policy oversight. In his executive leadership role at Tower Health, USA, he oversees complex multi-site operations and quality systems. Mr. Patel holds a Master of Healthcare Administration from Louisiana State University - Shreveport, USA, and a Bachelor of Science in Radiologic Sciences from Thomas Jefferson University, USA.

Mr. Ankit Shah (Chief Financial Officer)
Mr. Shah is a Chartered Accountant with over 15 years of professional experience, possessing extensive exposure to corporate restructuring, mergers & acquisitions, tax, and regulatory matters. He has significant experience serving clients across manufacturing, technology, healthcare, pharmaceuticals, logistics, and energy sectors. Mr. Shah was previously associated with the company for one and a half years as Financial Controller. His background includes service at RBSA Advisors LLP, where he served as Director since November 2023, and KPMG India - Deal Advisory, M&A Tax and Private Equity from June 2010 to October 2023, holding the position of Technical Director. He holds a Master's degree in Commerce from Mumbai University.

RIR Stock Price Movement​

Shares of RIR Power Electronics Limited slipped by 0.27% to settle at ₹157.96 on Monday after shedding ₹0.44 from the previous close. The stock traded 74,842 shares during the session, which saw a low of ₹156.76.