Key Decisions and Financial Results

  • The Board of Directors approved the Standalone and Consolidated Audited Financial Results for the financial year ended March 31, 2026. The Statutory Auditors, PSCA & Co., have submitted audit reports with unmodified opinions for both sets of results. This is a compliance declaration under Regulation 33(3)(d) of SEBI LODR.
  • The Board recommended a final dividend on equity shares @ 400% (₹8 per equity share of ₹2 each) for the financial year 2025-26. This is subject to approval by shareholders at the forthcoming Annual General Meeting (AGM). The Book closure date/Record date will be announced later.
  • Based on recommendations from the Nomination and Remuneration Committee and the Audit Committee, the Board approved the appointment of Mr. Sachinkumar Sureshbhai Dalwadi (Membership No.: A42363) as the Company Secretary and Key Managerial Personnel (KMP) of the Company, effective May 28, 2026. His appointment terms are as per his Appointment Letter. He is an Associate Member of ICSI and a Law Graduate with over 10 years of post-qualification experience. He is not related to any existing Directors or KMPs.
  • The information of Key Managerial Personnel (KMP) was updated for determining materiality of events, effective from May 17, 2025, pursuant to Regulation 30(5) of SEBI LODR. The updated KMP list includes Mr. Sharan M. Patel (Whole Time Director), Mr. Sachin Jayantilal Kotak (CFO), and Mr. Sachinkumar Sureshbhai Dalwadi (Company Secretary).
  • The Board meeting commenced at 4:45 PM and concluded at 6:00 PM on May 28, 2026.

Key Financial and Operational Highlights from Notes

  • The audited results (Standalone and Consolidated) were prepared in accordance with Indian Accounting Standards (Ind AS). They were reviewed by the Audit Committee and approved by the Board on May 28, 2026.
  • The Company operates in a single reportable segment: Automobile Ancillary business.
  • Subsidiary Fire Incident: A fire incident occurred at the warehouse of NRF France S.A.S., a wholly owned step-down subsidiary (via NRF Holding B.V.). The Company has filed a preliminary insurance claim for €6.56 Million (₹7050 Lakhs), which has been accounted for on an accrual basis. Consequently, ₹336 Lakhs was recognized under exceptional items for Q4 FY26 and ₹2150 Lakhs for the full year FY26. An interim claim amount of €2.96 Million has been received. The final claim settlement with the insurance company is pending.
  • Dividend from Subsidiary: During Q4 FY26, the company received/recognized a total dividend of ₹16,113 Lakhs from its subsidiary. This includes a dividend of ₹9,666 Lakhs (€9 Mn) declared by NRF Holding B.V. but unpaid as of March 31, 2026. For the full year FY26, total dividend received/recognized from the subsidiary was ₹26,469 Lakhs (Previous Year: ₹13,081 Lakhs).
  • The figures for Q4 FY26 and Q4 FY25 are balancing figures derived from the full-year audited results and the previously published unaudited year-to-date figures up to Q3.

Standalone Financial Position (Key Excerpts as of March 31, 2026)

  • Total Assets: ₹122,831 Lakhs (Mar 2025: ₹111,761 Lakhs)
  • Equity Share Capital: ₹2,861 Lakhs (unchanged)
  • Other Equity: ₹1,02,492 Lakhs (Mar 2025: ₹82,199 Lakhs)
  • Property, Plant & Equipment: ₹16,853 Lakhs (Mar 2025: ₹15,479 Lakhs)
  • Investments (Non-Current): ₹19,195 Lakhs (Mar 2025: ₹18,695 Lakhs)
  • Inventories: ₹27,928 Lakhs (Mar 2025: ₹27,726 Lakhs)
  • Trade Receivables: ₹30,005 Lakhs (Mar 2025: ₹26,901 Lakhs)
  • Cash & Cash Equivalents: ₹2,829 Lakhs (Mar 2025: ₹1,643 Lakhs)

Standalone Cash Flow (Key Excerpts for FY26)

  • Net Profit Before Tax: ₹46,984 Lakhs (FY25: ₹31,121 Lakhs)
  • Cash Generated from Operations: ₹20,359 Lakhs (FY25: ₹14,026 Lakhs)
  • Income Tax Paid: ₹(4,515) Lakhs
  • Net Cash from Operating Activities: ₹15,844 Lakhs (FY25: ₹9,511 Lakhs)
  • Purchase of PPE & Capital Advances: ₹(6,280) Lakhs (FY25: ₹(2,824) Lakhs)
  • Dividend Received from Subsidiaries: ₹16,803 Lakhs (FY25: ₹13,081 Lakhs)
  • Net Cash from Investing Activities: ₹16,133 Lakhs (FY25: ₹6,622 Lakhs)
  • Dividend Paid: ₹(21,450) Lakhs (FY25: ₹(13,734) Lakhs)
  • Net Cash from Financing Activities: ₹(21,519) Lakhs (FY25: ₹(13,803) Lakhs)
  • Net Cash Inflow/(Outflow): ₹10,458 Lakhs (FY25: ₹2,330 Lakhs)

Consolidated Financial Position (Key Excerpts as of March 31, 2026)

  • Total Assets: ₹305,802 Lakhs (Mar 2025: ₹264,642 Lakhs)
  • Equity Share Capital: ₹2,861 Lakhs (unchanged)
  • Other Equity: ₹1,65,571 Lakhs (Mar 2025: ₹1,27,423 Lakhs)
  • Property, Plant & Equipment: ₹30,862 Lakhs (Mar 2025: ₹27,379 Lakhs)
  • Inventories: ₹149,831 Lakhs (Mar 2025: ₹138,127 Lakhs)
  • Trade Receivables: ₹73,797 Lakhs (Mar 2025: ₹61,139 Lakhs)
  • Borrowings (Current): ₹40,569 Lakhs (Mar 2025: ₹29,377 Lakhs)

Availability of Results

The results are available on the company's website (www.bancoindia.com) and on the stock exchange websites (www.bseindia.com and www.nseindia.com).