Financial Results Approval

The Board of Directors approved the Un-audited Standalone and Consolidated Financial Results for the quarter ended 30th June, 2026. The results were reviewed by the Audit Committee and Statutory Auditors conducted a Limited Review.

Key Financial Figures (Standalone - Rs. in Lakhs)

Quarter Ended 30th June 2026 (Unaudited):

  • Revenue from operations: ₹2,005
  • Total Income: ₹2,005
  • Total Expenses: ₹1,847
  • Profit before tax from continuing operations: ₹158
  • Tax Expense: Current tax ₹44, Deferred tax (₹79)
  • Profit after tax from continuing operations: ₹193
  • Profit before tax from discontinued operations: ₹821
  • Tax expense of discontinued operations: ₹146
  • Profit after tax from discontinued operations: ₹675
  • Total Profit after tax: ₹868
  • Total Comprehensive Income after Tax: ₹2,860
  • Earnings per Share (Basic and Diluted):
  • Continuing operations: ₹1.31
  • Discontinued operations: ₹4.57
  • Total: ₹5.88

Comparative Figures (Quarter Ended 30th June 2025 - Unaudited):

  • Revenue from operations: ₹1,462
  • Profit after tax from continuing operations: ₹154
  • Profit after tax from discontinued operations: ₹592
  • Total Profit after tax: ₹746
  • Earnings per Share: ₹5.05

Segment-wise Performance (Q1 FY27):

  • Investment Segment Revenue: ₹981, Segment Results: ₹412
  • Trading in Commodity Segment Revenue: ₹1,024, Segment Results: ₹39
  • Unallocable Expenses: ₹293

Assets and Liabilities (as of 30th June 2026):

  • Total Assets: ₹129,511
  • Total Liabilities: ₹11,910
  • Segment Assets: Investment ₹115,751, Trading in Commodity ₹1,030
  • Discontinued Operations Assets: ₹11,347

Secretarial Auditor Appointment

Upon recommendation of the Audit Committee, the Board recommended the appointment of M/s. R M Mimani & Associates LLP (Firm Registration No. L2015MH008300) as Secretarial Auditors for a term of 5 consecutive years from financial year 2026-27 to 2030-31. The appointment is subject to shareholder approval at the ensuing 62nd Annual General Meeting.

M/s. R M Mimani & Associates LLP is a reputed firm with 25 years of experience providing professional services in comprehensive compliance & regulatory services covering MCA, RBI, SEBI, stock exchanges, Secretarial Audit, Fundraising, IPO Readiness, Corporate Restructuring, Mergers & Demergers, and Corporate Advisory.

Dividend Information

The dividend for the financial year ended 31st March, 2026, as recommended by the Board on 23rd April, 2026, if approved at the ensuing 62nd Annual General Meeting, shall be paid between 1st October, 2026 and 15th October, 2026.

Discontinued Operations - Friction Business Sale

The Board on 30th June, 2026 approved the transfer of the Friction Business Undertaking (including all relevant assets, liabilities, contracts, licenses) comprising development, manufacturing and marketing of friction material for automobile, railway and industrial applications to Rane (Madras) Limited.

The transfer is on a slump sale basis for a lump sum cash consideration of ₹370 Crore without values assigned to individual assets and liabilities. The transaction is subject to shareholder approval under Section 180(1)(a) of Companies Act, 2013 and Regulation 37A of SEBI Listing Regulations, and completion of conditions precedent as specified in the Business Transfer Agreement.

Friction Business Results (Q1 FY27 - Unaudited):

  • Revenue from operations: ₹8,553
  • Other income: ₹20
  • Total income: ₹8,573
  • Total Expenses: ₹7,752
  • Profit before tax: ₹821
  • Tax expense: ₹146
  • Profit after tax: ₹675

Consolidated Financial Results

The consolidated results include the joint venture Compo Advics (India) Pvt. Ltd. (49% stake). The Group has discontinued recognizing its share of further losses in the joint venture as losses have exceeded investment value, in compliance with IND AS 28.

Consolidated Figures (Q1 FY27 - Unaudited):

  • Total Profit after tax: ₹868 (same as standalone)
  • Total Comprehensive Income after Tax: ₹2,860 (same as standalone)
  • Earnings per Share: ₹5.88 (same as standalone)

Meeting Details

The Board meeting commenced at 3:30 p.m. and concluded at 5:55 p.m. on 23rd July, 2026.

Auditor's Review

Lodha & Co. LLP, Chartered Accountants, conducted limited review and issued unmodified conclusion on both standalone and consolidated financial results, with emphasis on the discontinued operations classification for the Friction business.