Key Quantitative Figures

Standalone Financial Results (Quarter Ended 30th June 2026)

  • Revenue from Operations: ₹33,579 lakhs
  • Total Income from Operations (Net): ₹34,480 lakhs
  • Total Expenses: ₹28,530 lakhs
  • Profit before tax: ₹5,950 lakhs
  • Tax Expenses: Current ₹1,516 lakhs, Deferred ₹(17) lakhs
  • Net Profit for the period: ₹4,451 lakhs
  • Basic and Diluted EPS: ₹3.11
  • Paid-up Equity Share Capital: ₹2,861 lakhs (Face value ₹2 per share)

Consolidated Financial Results (Quarter Ended 30th June 2026)

  • Revenue from Operations: ₹1,17,341 lakhs
  • Other operating Income: ₹1,049 lakhs
  • Other Income: ₹572 lakhs
  • Total Income: ₹1,18,962 lakhs
  • Total Expenses: ₹1,01,101 lakhs
  • Profit before tax: ₹17,861 lakhs
  • Tax Expenses: Current ₹4,102 lakhs, Deferred ₹1,521 lakhs
  • Net Profit for the period: ₹12,238 lakhs
  • Basic and Diluted EPS: ₹8.56

Dates of Action

  • Board Meeting: 8th August 2026 (commenced 4:15 PM, concluded 5:00 PM)
  • Director Appointment effective: 8th August 2026
  • Annual General Meeting: 19th September 2026 at 11:30 AM IST
  • Register of Members closure: 12th September 2026 to 19th September 2026 (both days inclusive)
  • Cut-off date for e-voting eligibility: 12th September 2026

Parties Involved

Corporate Entities

  • Banco Products (India) Limited (Parent Company)
  • Subsidiaries: Banco Gaskets (India) Limited, Banco New Energy Cooling Systems Limited, NRF Holding B.V., and 14 indirect subsidiaries
  • Joint Venture: EV Academy Sp. Z.O.O.
  • Cost Auditor: M/s. S S Puranik and Associates (FRN: 100133)
  • Scrutinizer: Mr. J. J. Gandhi of M/s. J. J. Gandhi & Co., Practicing Company Secretaries

Individuals

  • Mr. Hiteshbhai Manubhai Patel (DIN: 11866196) - Appointed as Additional Director and Whole-Time Director
  • Mr. Sachin Dalwadi - Company Secretary & Compliance Officer
  • CA Rahul Parikh - Partner at PSCA & Co (Auditors)

Purpose and Rationale

  • The Board approved the unaudited financial results for Q1 FY27 as required under Regulation 33 of SEBI LODR
  • Mr. Hiteshbhai Patel's appointment is based on the recommendation of the Nomination and Remuneration Committee
  • Cost auditor appointment is based on the recommendation of the Audit Committee
  • AGM is being convened to seek shareholder approvals for director appointment and cost auditor remuneration

Financial and Operational Impact

  • The company reported standalone net profit of ₹4.45 crore for Q1 FY27
  • Consolidated net profit stood at ₹12.24 crore for the same period
  • The director appointment will result in additional managerial remuneration subject to shareholder approval
  • Cost audit fees will be incurred for FY 2026-27, subject to shareholder ratification

Capital Structure Impact

  • No change in paid-up equity share capital reported (remains at ₹2,861 lakhs)
  • No dilution or change in shareholding pattern disclosed

Additional Information

  • The company has only one reportable segment (Automobile Ancillary business)
  • Financial results were reviewed by Audit Committee and approved by Board on 8th August 2026
  • Limited review reports from auditors PSCA & Co provided unmodified opinions on both standalone and consolidated results
  • Mr. Hiteshbhai Patel is not related to any existing directors or KMPs and is not debarred from directorship