Nature of the Disclosure

Regulatory filing pursuant to SEBI Listing Regulations 30 and 33, containing the unaudited financial results for the quarter and nine months ended September 30, 2026, as approved by the Board of Directors on November 12, 2026.

Key Quantitative Figures

Quarterly Performance (Q2 FY27)

  • Revenue from operations: ₹6,601.71 Million
  • Other income: ₹38.36 Million
  • Total Income: ₹6,640.07 Million
  • Total Expenses: ₹5,466.83 Million
  • Profit before tax: ₹1,173.24 Million
  • Total Tax expense: ₹302.21 Million
  • Profit after tax: ₹871.03 Million
  • Basic and Diluted EPS: ₹4.63

Nine-Month Performance (9M FY27)

  • Revenue from operations: ₹20,135.26 Million
  • Other income: ₹100.63 Million
  • Total Income: ₹20,235.89 Million
  • Total Expenses: ₹16,983.56 Million
  • Profit before tax: ₹3,252.33 Million
  • Total Tax expense: ₹873.59 Million
  • Profit after tax: ₹2,378.74 Million
  • Basic and Diluted EPS: ₹12.65

Comparative Figures (Q2 FY26)

  • Revenue from operations: ₹5,069.09 Million
  • Profit after tax: ₹630.38 Million
  • Basic and Diluted EPS: ₹3.35

Capital Structure

  • Paid-up equity share capital: ₹1,879.96 Million (Face value ₹10 each)
  • Reserves (Other Equity): ₹9,342.75 Million

Dates of Action

  • Board Meeting Date: November 12, 2026
  • Meeting Duration: 4:00 PM to 4:27 PM
  • Financial Period: Quarter and nine months ended September 30, 2026
  • IPO Completion Date: Subsequent to September 30, 2026 (October 23, 2026)

Parties Involved

  • Statutory Auditors: S.R. Batliboi & Associates LLP (Firm Registration No.: 101049W/E300004)
  • Related Party: Bonfiglioli Drive Solutions Private Limited
  • Managing Director: Kennady V Khippally (DIN: 08110794)

Subsequent Events

  • The Company completed an Initial Public Offer (IPO) by way of an Offer for Sale of 43,239,042 equity shares (Face value ₹10 each) at an issue price of ₹586 per share, aggregating to ₹25,336.63 Million. The equity shares were listed on BSE on October 23, 2026.

Accounting Treatment

  • The Company entered into a Business Transfer Agreement (BTA) with Bonfiglioli Drive Solutions Private Limited on December 15, 2025. The transaction has been accounted for using the "Pooling of interest method" as per Appendix C of Ind AS 103. Consequently, the comparative figures for the nine months ended September 30, 2025, have been restated.

Auditor's Review

  • S.R. Batliboi & Associates LLP issued an unmodified review report.
  • Emphasis of Matter paragraph highlights the business transfer accounting treatment and restatement of comparative figures.
  • The results for the quarter ended June 30, 2026, were compiled by management and not reviewed by auditors.