Key Financial Figures (INR Lakhs)

  • Sales Turnover: ₹27,003.18 (FY25: ₹26,841.47)
  • Profit Before Tax: ₹632.74 (FY25: ₹1,769.53)
  • Profit After Tax: ₹348.68 (FY25: ₹1,177.31)
  • Dividend Proposed: ₹1.95 per share (19.5% on face value of ₹10) totaling ₹146.25 lakhs
  • Total Assets: ₹14,577.53 (FY25: ₹14,751.46)
  • Net Worth: ₹10,316.74 (FY25: ₹10,780.65)
  • Current Ratio: 3.43 times (FY25: 2.93 times)
  • Net Profit Margin: 1.29% (FY25: 4.39%)
  • Return on Net Worth: 3.31% (FY25: 11.18%)

Dividend Details

  • Recommended dividend: ₹1.95 per equity share (19.5%)
  • Dividend payment date: Within 30 days of declaration at AGM
  • Record date: September 5, 2026
  • Book closure: September 7-14, 2026

Annual General Meeting Details

  • Date: September 14, 2026 at 1:00 PM IST
  • Mode: Video Conferencing/Other Audio Visual Means
  • Venue: Registered Office at GIDC, Makarpura, Vadodara, Gujarat
  • Ordinary Business: Adoption of financial statements, dividend declaration, director reappointment
  • Special Business: Ratification of Cost Auditor remuneration, shifting of registered office from Gujarat to Madhya Pradesh

Board of Directors

  • Chairman & Managing Director: Mr. Akio Fujita (appointed w.e.f. July 1, 2025)
  • Directors: Ms. Deepti Sharma, Mr. Jayesh Mehta, Mr. Srinivas Gunta, Mr. Tadasuke Hosoya, Mr. Hidefumi Fujii
  • Mr. Tadasuke Hosoya retires by rotation and seeks re-appointment
  • Mr. Akinori Isomura resigned as Chairman & MD w.e.f. June 30, 2025

Operational Review

  • Focus on operational efficiency, high-profit products, and market penetration
  • Raw material cost pressures due to global geopolitical disturbances in H2
  • Introduced entry-level alkaline product "EVOLTA YUVA"
  • Employee strength: 688 as of March 31, 2026
  • Zinc carbon batteries remain key contributor; alkaline and lithium coin batteries showing growth
  • Sales Force Automation system implemented for better distributor management

Battery Waste Management Rules Compliance Issue

  • Auditors issued qualified opinion due to uncertainty around Battery Waste Management Rules 2022 compliance
  • Company unable to estimate potential provision for environmental compensation
  • Representations made to Ministry of Environment, Forest & Climate Change seeking review of targets and timelines
  • Writ petition filed by Indian Battery Manufacturers Association pending in Delhi High Court
  • Financial impact not quantified in the disclosure

Corporate Actions

  • Proposed shifting of registered office from Gujarat to Madhya Pradesh (requires special resolution)
  • Ratification of Cost Auditor remuneration: ₹131,250 plus statutory levies to M/s Diwanji & Co.

Corporate Social Responsibility

  • CSR Obligation: ₹12,55,962
  • Actual Spending: ₹14,75,000 on renovation of Government School in Jalway, Madhya Pradesh
  • Excess spending of ₹2,19,038 available for set-off in succeeding years

Shareholding Pattern

  • Promoter Holding: Panasonic Holdings Corporation holds 58.06% (4,354,144 shares)
  • Public Holding: 41.94%
  • Dematerialized Shares: 98.32% of total capital
  • Shares transferred to IEPF during year: 5,689 shares

Key Ratios

  • Debtors Turnover: 45.82 times (FY25: 39.76 times)
  • Inventory Turnover: 6.77 times (FY25: 7.84 times)
  • Operating Profit Margin: 3.85% (FY25: 6.65%)
  • Interest Coverage Ratio: Not applicable (no debt)
  • Debt Equity Ratio: Not applicable (no debt)

Other Significant Information

  • Company has no subsidiaries, joint ventures, or associates
  • No material related party transactions during the year
  • No fraud reported by auditors under section 143(12)
  • No significant material orders passed by regulators or courts
  • Vigil mechanism/whistle blower policy in place
  • Sexual harassment committee received no complaints during the year

Capital Structure Impact

  • No change in share capital during the year
  • Equity share capital remains ₹750 lakhs (75,00,000 shares of ₹10 each)

Cash Flow Implications

  • Dividend payment: ₹706.50 lakhs paid during the year (FY25 dividend)
  • Proposed dividend: ₹146.25 lakhs if approved
  • Capital expenditure: ₹256.18 lakhs on property, plant and equipment

Forward-looking Information

  • Industry outlook positive due to growing use of battery-powered devices
  • Alkaline batteries expected to strengthen dominance in primary battery market
  • Rising income levels and urbanization to boost battery demand
  • Environmental regulations remain a challenge