Board Meeting Details

The Board of Directors meeting was held on Monday, October 12, 2026, at the Corporate Office at Plot No.99 Smart Industrial Park, Near NATRIP, Pithampur, Dhar, Madhya Pradesh, India, 454775. The meeting commenced at 11:00 AM and concluded at 03:10 PM.

Key Approvals

The Board inter-alia considered and approved:

1. Un-audited IndAS Standalone Financial Results of the Company for the quarter ended June 30, 2026 along with Limited Review Report

2. Un-audited IndAS Consolidated Financial Results of the Company for the quarter ended June 30, 2026 along with Limited Review Report

Financial Results Overview

Standalone Financial Results (in millions of rupees):
  • Revenue from Operations: ₹85.07
  • Other Income: ₹13.46
  • Total Income: ₹98.53
  • Total Expenses: ₹88.65
  • Profit before tax: ₹9.88
  • Tax expense: ₹3.24 (Current Tax: ₹0.00, Deferred Tax: ₹3.24, Income Tax related to earlier: -₹0.21)
  • Profit after tax: ₹6.85
  • Earnings per share (Basic and Diluted): ₹0.20
  • Total comprehensive income: ₹23.38
Consolidated Financial Results (in millions of rupees):
  • Revenue from Operations: ₹341.14
  • Other Income: ₹12.93
  • Total Income: ₹354.07
  • Total Expenses: ₹258.73
  • Profit before tax: ₹95.34
  • Tax expense: ₹20.45 (Current Tax: ₹18.20, Deferred Tax: ₹2.25, Income Tax related to earlier: ₹5.19)
  • Profit after tax: ₹74.89
  • Earnings per share (Basic): ₹2.15
  • Earnings per share (Diluted): ₹1.96
  • Total comprehensive income: ₹91.63

Significant Corporate Events

  • Bonus Issue: The company issued and allotted fully paid up 'bonus share' at par in proportion of 1 new equity share of ₹10 each for every 1 existing fully paid up equity share of ₹10 each held on the record date of February 9, 2026
  • IPO Completion: Subsequent to the quarter ended June 30, 2026, the equity shares were listed on BSE and NSE with effect from September 30, 2026
  • IPO Details: Initial Public Offer of 1,12,47,000 equity shares comprising an offer for sale of 1,350,000 Equity Shares and a fresh issue of 9,897,000 Equity Shares of face value of ₹10 each at a price of ₹134 per share, aggregating to ₹15,070.98 lakhs

Business Segment Information

The company operates in a single reportable segment of manufacturing Propeller Shafts.

Subsidiary Information

The consolidated results include:

  • Adroit Driveshafts Private Limited (Subsidiary)
  • Adroit Driveshafts Canada Limited (Subsidiary)
  • Adroit Driveshafts USA LLC (Subsidiary)

Auditor Review

Ashok Khasgiwala & Co. LLP conducted limited review of both standalone and consolidated financial results and issued unmodified review reports dated October 12, 2026.

Availability of Results

The results are available on the company's website www.adroitindustries.com and on www.bseindia.com and www.nseindia.com.