Key Management Changes

Resignation of Chief Financial Officer

  • Mr. Dhruv Pandya resigned from the position of Chief Financial Officer (Key Managerial Personnel) effective from closure of business hours on August 24, 2026.
  • The resignation was submitted via letter dated August 7, 2026, citing personal reasons following discussions.
  • Mr. Pandya committed to ensuring smooth transition of responsibilities during the notice period.

Appointment of New Chief Financial Officer

  • Mr. Suryakant Sethia appointed as Chief Financial Officer (Key Managerial Personnel) effective August 25, 2026.
  • Appointment based on recommendations of Nomination and Remuneration Committee and Audit Committee.
  • Mr. Sethia is a Chartered Accountant with over 20 years of experience in Finance & Accounts, Auditing, Financial Reporting, Treasury, and People Management.
  • His profile highlights expertise in financial analysis, variance analysis, budgeting, financial modeling, management presentations, forecasting, and process improvement initiatives.

Appointment of Chief Executive Officer

  • Mr. Krishna Mohan appointed as Chief Executive Officer (Key Managerial Personnel) effective August 7, 2026.
  • Appointment based on recommendation of Nomination and Remuneration Committee.
  • Mr. Mohan has over 29 years of experience in manufacturing operations, plant leadership, and business management with proven record in operational efficiency and strategic growth.

Financial Results for Quarter Ended June 30, 2026

Standalone Financial Results (₹ in Lakhs)

  • Revenue from operations: 6,097.03 (compared to 4,975.05 in Q1 FY26 and 6,184.23 in Q4 FY26)
  • Other income: 17.94 (compared to 45.25 in Q1 FY26)
  • Total Income: 6,114.97
  • Profit before tax: 510.20 (compared to 223.51 in Q1 FY26 and 602.19 in Q4 FY26)
  • Tax Expense: 126.66 (Current tax: 140.53, Deferred tax: -12.78, Tax pertaining to earlier years: -1.09)
  • Profit for the period: 383.54 (compared to 223.51 in Q1 FY26 and 442.88 in Q4 FY26)
  • Total Comprehensive Income: 367.08
  • Earnings per share (of ₹2 each): ₹3.42 (basic & diluted, not annualized)
  • Paid up equity share capital: ₹224.00 lakhs

Consolidated Financial Results (₹ in Lakhs)

  • Revenue from operations: 6,464.52
  • Other income: 11.01
  • Total Income: 6,475.53
  • Profit before tax: 513.56
  • Tax Expense: 129.95 (Current tax: 147.29, Deferred tax: -16.25, Tax pertaining to earlier years: -1.09)
  • Profit for the period: 383.61
  • Total Comprehensive Income: 367.15
  • Profit attributable to owners of the company: 383.54
  • Profit attributable to non-controlling interests: 0.07
  • Earnings per share (of ₹2 each): ₹3.42 (basic & diluted, not annualized)

Expense Breakdown (Standalone)

  • Cost of materials consumed: 2,581.02
  • Change in inventories: (212.30)
  • Employee benefits expense: 1,200.31
  • Finance costs: 176.78
  • Depreciation and amortization: 167.74
  • Job work charges: 677.79
  • Other expenses: 1,013.43
  • Total Expenses: 5,604.77

Subsidiary Information

  • The consolidated results include Stud India (a Partnership Firm) as a subsidiary.
  • Subsidiary contributed total income of ₹443.86 lakhs and net profit of ₹7.24 lakhs for the quarter.

Regulatory Compliance and Approval

  • The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors in their meeting held on August 07, 2026.
  • Limited Review Report provided by Lodha & Co. LLP, Chartered Accountants (Firm Registration No: 301051E / E300284).
  • The review report states nothing has come to their attention that causes them to believe the financial results contain any material misstatement.
  • The company has only one reportable business segment: 'Manufacturing of Industrial Fasteners' per IND AS 108 requirements.

Annual General Meeting

  • The 66th Annual General Meeting has been scheduled for Tuesday, September 22, 2026 at 11:00 a.m.

Board Meeting Details

  • The Board meeting commenced at 1:00 PM and concluded at 3:00 PM on August 7, 2026.
  • Results will be published in newspapers as per Regulation 47(1)(b) of SEBI (LODR) Regulations, 2015.