V-Guard Industries Announces Board Outcomes and Approves Q3 Financial Results; Appoints New Chairperson

V-Guard Industries Announces Board Outcomes and Approves Q3 Financial Results; Appoints New Chairperson​

V-Guard Industries Limited announced key outcomes of its Board meeting held on July 29, 2026, approving the un-audited standalone and consolidated financial results for the quarter ended June 30, 2026. The company also detailed personnel changes, including the appointment of a new Chairperson of the Board.

The Directors reviewed and approved the Un-Audited Standalone & Consolidated Financial Results of the Company for the quarter ending June 30, 2026. These results include data from previous quarters (Q1/Q2 FY26) and full financial year results for March 31, 2026.

Key Governance Changes and Equity Allotment​

The Board meeting approved the appointment of Mr. Mithun K Chittilappilly (DIN: 00027610), Managing Director, as Chairperson of the Board, effective September 27, 2026. This follows the concluding term of Ms. Radha Unni, who will conclude her second and final tenure as Chairperson and Independent Director on September 26, 2026.

In addition to governance updates, the company allotted 23,912 equity shares having a face value of ₹ 1/- each to six employees who exercised stock options under the Employee Stock Option Scheme of the Company 'ESOS 2013'.

Financial Performance Summary (Quarter Ended June 30, 2026)​

V-Guard Industries Limited reported strong financial metrics across both its standalone and consolidated results for the quarter ending June 30, 2026.

The company's performance in Q3 2026 compared to prior periods is summarized below:

Segment Wise Results and Assets​

The company operates through several segments, including Electronics, Electricals, Consumer Durables, and Sunflame. The consolidated segment performance shows a strong contribution from Electricals and Electronics divisions.

Financial details for the major segments as of June 30, 2026:


The company's total assets across all segments stood at 4,142.54 tin crores as of June 30, 2026.

Details on New Chairperson Appointment​

Mr. Mithun K Chittilappilly is the Managing Director and was appointed as Chairperson of the Board. He has been with V-Guard Industries Limited since joining in April 2004, having previously worked for S B Billimoria & Co (now part of the Deloitte Group) and Hewlett Packard. Mr. Chittilappilly holds a graduate degree in Commerce and an MBA in Finance & Marketing from the University of Melbourne, Australia. His tenure at V-Guard includes driving market expansion across India and overseeing product portfolio enhancements into areas such as kitchen appliances, modular switches, solar inverter, and air coolers.

VGUARD Stock Price Movement​

As of 1:40 PM, V-Guard Industries Limited shares surge higher in live trading, reaching ₹311.40 after climbing 6.55%. The stock sees strong momentum as it commands a total traded volume of 2.01 million shares during this session.