Financial Results - Standalone (Quarter ended June 30, 2026)

The Board approved the unaudited standalone financial results for Q1 FY27:

  • Revenue from Operations: ₹137.58 crore (compared to ₹117.90 crore in Q1 FY26)
  • Other Income: ₹1.49 crore
  • Total Income: ₹139.07 crore
  • Cost of Materials Consumed: ₹109.02 crore
  • Employee Benefits Expense: ₹8.14 crore
  • Finance Costs: ₹5.40 crore
  • Depreciation and amortization: ₹2.57 crore
  • Profit Before Tax: ₹14.47 crore
  • Tax Expenses: ₹3.72 crore (Current Tax: ₹3.49 crore, Deferred Tax: ₹0.23 crore)
  • Net Profit: ₹10.75 crore (compared to ₹5.87 crore in Q1 FY26, representing 83% YoY growth)
  • Earnings Per Share (Basic & Diluted): ₹1.60
  • Paid-up Equity Share Capital: ₹6.71 crore (Face value: ₹1 per share)

Financial Results - Consolidated (Quarter ended June 30, 2026)

The consolidated results include subsidiary Oriental Foundry Private Limited:

  • Revenue from Operations: ₹32.85 crore
  • Other Income: ₹1.14 crore
  • Total Income: ₹33.99 crore
  • Net Profit: ₹2.20 crore
  • Earnings Per Share (Basic & Diluted): ₹0.33

Director Appointments and Changes

1. Re-appointment of Independent Director: Mrs. Sheetal Nagda (DIN: 07179841) re-appointed as Independent Director for a second term of 5 years effective December 14, 2026, subject to shareholder approval.

2. Appointment of Whole-Time Director: Mr. Tahaa S Mithiborwala (DIN: 11594638) appointed as Additional Director and designated as Whole-Time Director for 5 years effective August 12, 2026, subject to shareholder approval.

3. Resignation of Managing Director: Mr. Karim N Mithiborwala (DIN: 00171326) resigned from the position of Managing Director effective closure of business hours on August 11, 2026 due to health reasons.

4. Appointment of Managing Director: Mr. Saleh N Mithiborwala (DIN: 00171171) appointed as Managing Director for 5 years effective August 12, 2026, subject to shareholder approval. He will continue to serve as Chairperson and Chief Financial Officer.

Dividend Declaration

  • The Board fixed Tuesday, September 1, 2026 as the Record Date for determining entitlement to Final Dividend.
  • A Final Dividend of ₹0.10 (Ten Paise) per equity share was recommended for FY2025-26, subject to shareholder approval at the AGM.

Annual General Meeting

  • The 35th Annual General Meeting is scheduled for Tuesday, September 8, 2026 at 1:00 PM IST through Video Conferencing/Other Audio-Visual Means.

Operational Update

  • The Company along with its subsidiary Oriental Foundry Private Limited has total orders in hand of ₹1,691.91 crore.

Meeting Details

  • The Board meeting commenced at 2:30 PM IST and concluded at 3:45 PM IST on August 11, 2026.

Auditor Review

  • The financial results were reviewed by the Audit Committee and Statutory Auditors (Anil Bansal & Associates) who issued a limited review report confirming no material misstatements.