AGM Details and Corporate Actions
Panasonic Carbon India will hold its 44th Annual General Meeting on June 29, 2026, to approve FY26 financial statements and declare a final dividend of ₹12 per share (120%). Key agenda items include the reappointment of Managing Director R. Senthil Kumar for one year with remuneration of ₹1.29 crore annually, appointment of Mr. Prasad Bala Nagendra Venkatavara Vadlapatla as Independent Director, and approval of material related party transactions with Panasonic Energy India Co Ltd (up to ₹10 crore) and Panasonic Trading and Logistics Asia Pacific (up to ₹24 crore).
Financial Performance (FY 2025-26)
The company reported FY26 net profit of ₹212.39 crore, up 2% YoY, with revenue of ₹547.41 crore. Gross income stood at ₹67,494.70 lakhs with profit before depreciation & tax of ₹30,895.40 lakhs. The board recommended transfer of ₹20 crore to reserves. The company achieved sales volume of 2,237 million pieces of carbon rods (88% of previous year), with domestic sales of 1,140 million pieces (₹18.76 crores) and export sales of 1,097 million pieces (₹35.12 crores).
Financial Statements and Contingencies
The financial statements disclosure shows revenue of ₹538.78 crore with an 11.81% return on equity. Significant contingent liabilities include ₹6,753.36 lakh for entry tax demands and ₹13,198.54 lakh provision for income tax matters. The company engaged in substantial related party transactions totaling ₹296,492.78 lakh with Panasonic group entities worldwide, including sales of carbon rods to fellow subsidiaries and royalty payments to Panasonic Energy Co. Ltd. (₹808.17 lakhs).
Corporate Governance and Compliance
The company maintains proper corporate governance structure with 1 Executive Director, 2 Non-Executive Promoter Directors, and 3 Independent Directors. All applicable policies have been adopted and updated, with no material orders passed by regulators or courts, no frauds requiring reporting, and no penalties imposed by Stock Exchange or SEBI in the last three years. The shareholding pattern shows promoters (Panasonic Holdings Corporation) holding 63.27% and public holding 36.73% as of March 31, 2026.
Operational and Segment Information
The company operates in a single segment - manufacture of carbon rods/carbon electrodes for dry cell batteries. Geographical revenue distribution shows India contributing ₹187.57 crore and rest of the world contributing ₹351.21 crore. Major customers accounted for ₹457.22 crore in revenue. The company confirmed no material events occurred between balance sheet date (31 March 2026) and authorization date (06 May 2026), and maintains proper transfer pricing documentation proving arm's length pricing for related party transactions.