TARIL Shares Plunge 8% on CEO Resignation Amidst Strong Q3 Profit Jump

• Transformers and Rectifiers (India) Ltd (TARIL) shares fell over 8% on January 8 following CEO Mukul Srivastava's resignation.
• The company reported a 35% jump in Q3 net profit to Rs 74 crore and a 32% revenue increase to Rs 737 crore.
• Satyen J. Mamtora was appointed as the new CEO effective January 8, 2026.
• TARIL's EBITDA rose 49% year-on-year to Rs 125 crore, with margins expanding to 17%.
• World Bank removed TARIL from its debarred list in November, but a sanctions case regarding a Nigeria power project is ongoing, with a new explanation deadline of Jan 12, 2026.

Why It Matters: TARIL shares drop on CEO exit despite robust Q3 earnings; World Bank case continues.