Financial Results Approval

The Board approved the Unaudited Financial Statements for the quarter ended June 30, 2026. The financial results show:

Quarter Ended June 30, 2026 (Unaudited):

  • Revenue from operations: ₹1,371.42 million
  • Other income: ₹46.22 million
  • Total income: ₹1,417.64 million
  • Profit before tax: ₹337.51 million
  • Tax expenses: ₹85.11 million
  • Net profit for the period: ₹252.40 million
  • Basic and diluted earnings per share: ₹8.25

Comparative Financial Performance:

  • Revenue increased 91.4% YoY from ₹716.76 million in Q1 FY26
  • Net profit increased 182.7% YoY from ₹89.29 million in Q1 FY26
  • Sequential revenue growth of 27.4% from ₹1,076.22 million in Q4 FY26
  • Sequential net profit growth of 63.0% from ₹154.81 million in Q4 FY26

Annual General Meeting

The 61st Annual General Meeting of the Members of the Company will be held on Friday, September 18, 2026.

Scrutinizer Appointment

CS Mrunmayee Sathaye (ACS No.: A51169, CP No. 19264), Partner of Kanj. And Co. LLP Company Secretaries, Pune, has been appointed as the Scrutinizer for the e-voting process for the ensuing Annual General Meeting under Regulation 44 of the SEBI LODR Regulations and Rule 20 of the Companies (Management and Administration) Rules, 2014.

Record Date and Dividend Declaration

The Board fixed Thursday, September 10, 2026 as the cut-off date to record entitlement of members who are entitled to receive final dividend of ₹3.27 per equity share for FY 2025-26 and to cast their vote electronically for the business to be transacted at the ensuing Annual General Meeting.

Statutory Auditor Appointment

The Board approved the appointment of M/s. Kirtane & Pandit LLP, Chartered Accountants (Firm Registration No. 105215W/W100057), as the Statutory Auditors of the Company for a term of five consecutive years, commencing from the conclusion of the 61st AGM until the conclusion of the 66th AGM, subject to shareholder approval at the ensuing AGM. The firm previously served as internal auditor but did not continue after FY2025-26 due to conflict of interest concerns.

Meeting Details

The Board meeting commenced at 02:03 PM and concluded at 04:45 PM on August 11, 2026.

Additional Financial Information

IPO Proceeds Utilization (as of June 30, 2026):

  • Total IPO proceeds: ₹1,696 million
  • Amount utilized: ₹1,104.81 million
  • Unutilized amount: ₹591.81 million
  • Unutilized funds temporarily invested in deposits with scheduled commercial banks and monitoring agency account

Business Segment:

The Company operates in a single reportable business segment: "Auto Components and Parts".

Foreign Entity Update:

Divgi Transmission Technologies and Systems Ltd. was incorporated on June 4, 2026. As of June 30, 2026, the equity shares subscription agreement had not been completed, and the entity has not been considered for consolidation.

Auditor Review

The financial results were reviewed by B. K. Khare & Co., Chartered Accountants, who issued a limited review report stating that nothing has come to their attention that causes them to believe that the accompanying Statement contains any material misstatement.