Lumel SA presented with the Forbes Diamonds 2026 Award for the second time

Rishabh Instruments Limited's (RIL) wholly owned subsidiary, Lumel SA has once again been honoured with the Forbes Diamonds 2026, receiving this prestigious distinction for the second year in a row. A Symbol of Financial Excellence and Innovation.

Rishabh Instruments Limited, a global energy efficiency solution provider, is pleased to announce that its wholly owned subsidiary, Lumel SA, has been honoured with the prestigious Forbes Diamonds 2026 Award for the second consecutive year. This is the fifth prestigious award Lumel SA has received over the past 18 months.

Recognized as one of Poland's most respected business rankings in medium business category (PLN 50-250Mn annual revenue category). The Forbes Diamonds Award acknowledges companies that have demonstrated exceptional growth, financial strength, and effective management practices over the past three years. Earning this distinction for two years in succession reflects Lumel SA's consistent execution, strategic focus, and commitment to creating long-term value.

Lumel SA was distinguished among an elite group of high-performing enterprises for its sustained revenue growth, operational excellence, and financial resilience. The award specifically recognizes companies in the Lubusz Voivodeship with revenue between PLN 50 and 250 million. The recognition underscores the success of the company's long-term strategy, supported by continuous investments in advanced technologies, innovation, manufacturing capabilities, and sustainable development initiatives.

This achievement further strengthens Lumel SA's position as a leading provider of industrial automation, measurement, and energy management solutions, while reaffirming its commitment to delivering high-performance products that enhance efficiency, reliability, and sustainability across the global energy ecosystem.

Commenting on the announcement, Mr Dineshkumar Musalekar, CEO of Lumel SA, said, "I would like to sincerely thank everyone for their dedication, professionalism and contribution to the growth of our company. This achievement is a reflection of the collective efforts, expertise, and determination of our entire team in delivering excellence for our customers and stakeholder.

Receiving the Forbes Diamonds 2026 Award for the second consecutive year is a significant milestone and a strong validation of our long-term strategy, operational excellence, and sustainable growth journey. This recognition reinforces the confidence that our investments, innovation, and disciplined execution continue to create meaningful value and earn market recognition.

Congratulations to the entire Lumel team. This accomplishment belongs to each and every one of you, and I look forward to building on this success together as we pursue even greater achievements in the years ahead."

Shares of Rishabh Instruments Limited was last trading in BSE at Rs. 565.40 as compared to the previous close of Rs. 584.70. The total number of shares traded during the day was 154166 in over 368 trades.

The stock hit an intraday high of Rs. 586.00 and intraday low of 561.25. The net turnover during the day was Rs. 90282572.00.

Source : Equity Bulls

Keywords

RishabhInstruments INE0N2P01017 ElectricalEquipment LumelSA ForbesDiamonds2026