Key Outcomes of the Board Meeting:
1. Financial Results Approval
The Board approved and took on record the Audited Standalone and Consolidated Financial Results for the quarter and year ended March 31, 2026, prepared in accordance with Indian Accounting Standards (IND AS).
- Audited Standalone and Consolidated Financial Results
- Standalone and Consolidated Statement of Assets and Liabilities as of March 31, 2026
- Standalone and Consolidated Cash Flow Statements for the year ended March 31, 2026
- Auditors' Report issued by the Statutory Auditors (P G Bhagwat LLP)
- Declaration regarding Audit Report with Unmodified opinion (Annexure A)
2. Dividend Recommendation
The Board recommended a final dividend of ₹1 per equity share (100%) of face value ₹1 each for FY2025-26, subject to approval by shareholders at the ensuing 49th Annual General Meeting. The total dividend payout aggregates to ₹510.00 lakhs.
3. Auditor Appointments
Based on the recommendation of the Audit Committee:
- Internal Auditor: Mr. Abhay Golwalkar, Chartered Accountants, Kolhapur was reappointed as Internal Auditor for FY2026-27. Details provided in Annexure 1 show he has 35 years of experience in audit, assurance, and tax services.
- Cost Auditor: M/s. C S Adawadkar & Co., Cost Accountants, Pune was appointed as Cost Auditor for FY2026-27. Details in Annexure 2 indicate the firm has 22 years of experience, founded by CMA Chandrashekhar S. Adawadkar who has over 31 years of global experience across 8 countries.
4. Annual General Meeting
The Board fixed the date for the 49th Annual General Meeting on Wednesday, August 5, 2025, to be conducted through Video Conferencing/Other Audio-Visual Means (VC/OAVM). The notice will be circulated in due course.
Financial Highlights (Standalone):
Income Statement (₹ lakhs)
- Revenue from operations: Q4 FY26: ₹6,019.58; FY26: ₹24,443.32 (FY25: ₹21,235.47)
- Total income: Q4 FY26: ₹6,156.19; FY26: ₹24,821.85 (FY25: ₹21,495.95)
- Profit before tax: Q4 FY26: ₹468.83; FY26: ₹2,378.29 (FY25: ₹2,364.43)
- Profit for the period: Q4 FY26: ₹392.80; FY26: ₹1,763.73 (FY25: ₹1,732.09)
- EPS: Q4 FY26: ₹0.77; FY26: ₹3.46 (not annualized)
Balance Sheet (₹ lakhs as of March 31, 2026)
- Total assets: ₹20,448.88 (March 2025: ₹19,611.44)
- Equity share capital: ₹510.00
- Other equity: ₹15,393.71
- Total equity: ₹15,903.71
Cash Flow (₹ lakhs for FY26)
- Cash from operating activities: ₹4,524.01
- Cash used in investing activities: ₹(2,334.60)
- Cash used in financing activities: ₹(2,262.70)
- Net decrease in cash: ₹(73.29)
Financial Highlights (Consolidated):
Income Statement (₹ lakhs)
- Revenue from operations: Q4 FY26: ₹7,322.20; FY26: ₹30,415.72 (FY25: ₹25,365.96)
- Total income: Q4 FY26: ₹7,446.39; FY26: ₹30,739.94 (FY25: ₹25,537.54)
- Profit before tax: Q4 FY26: ₹541.64; FY26: ₹3,447.67 (FY25: ₹3,181.87)
- Profit for the period: Q4 FY26: ₹444.06; FY26: ₹2,557.84 (FY25: ₹2,384.70)
- EPS: Q4 FY26: ₹0.87; FY26: ₹5.02 (not annualized)
Balance Sheet (₹ lakhs as of March 31, 2026)
- Total assets: ₹23,143.79 (March 2025: ₹21,394.59)
- Equity share capital: ₹510.00
- Other equity: ₹17,263.61
- Total equity: ₹17,773.61
Audit Details:
The statutory auditors, P G Bhagwat LLP (Firm Registration Number: 101118W/W100682), issued unmodified audit opinions on both standalone and consolidated financial results. The audit was conducted in accordance with Standards on Auditing specified under section 143(10) of the Companies Act, 2013.
The consolidated results include the financials of subsidiaries:
- Rapid Machining Technologies Private Limited
- Lunar Enterprise Private Limited
Additional Information:
- The company operates in a single segment: "Auto Components"
- Figures for previous periods have been regrouped or reclassified where necessary
- The quarterly results are derived figures between audited annual figures and published year-to-date figures up to December 31, 2025
- The results were reviewed and recommended by the Audit Committee before Board approval