Key Decisions and Approvals

The Board of Directors meeting, which commenced at 12:15 PM and concluded at 4:50 PM, considered and approved the following items:

1. Unaudited Financial Results: The unaudited financial results (standalone and consolidated) for the quarter and half year ended 30th September 2026, along with the limited review report from the statutory auditor (T R Chadha & Co LLP).

2. Interim Dividend: Declaration of an interim dividend for FY 2026-27 of ₹1.5 per equity share (face value of ₹10 each). The dividend is to be paid within 30 days of declaration. The record date for determining entitlement is Friday, 13th November 2026, as previously intimated to the exchanges.

3. Employee Stock Options: The Nomination and Remuneration Committee approved the grant of 74,753 Employee Stock Options. The key terms of the grant are:

  • Number of Options: 74,753
  • Scheme Compliance: In terms of SEBI (Share Based Employee Benefit and Sweat Equity) Regulations, 2021.
  • Shares Covered: 74,753 equity shares of face value ₹10 each.
  • Vesting Period: 18 months from the date of grant.
  • Exercise Price: Face value of ₹10 per share.
  • Exercise Period: Maximum of 180 days from the date of vesting.

Standalone Financial Performance (Q2 & H1 FY27)

(All figures in ₹ lakhs, except EPS)

Quarter Ended 30-Sep-2026 (Unaudited)

  • Revenue from Operations: ₹16,507.73
  • Other Income: ₹250.84
  • Total Income: ₹16,758.57
  • Total Expenses: ₹16,292.47
  • Profit Before Tax (PBT): ₹466.10
  • Tax Expense: ₹117.38 (Current Tax: ₹96.59, Deferred Tax: ₹20.79)
  • Net Profit for Period: ₹348.72
  • Other Comprehensive Income (net of tax): ₹99.02
  • Total Comprehensive Income: ₹447.74
  • Paid-up Equity Capital: ₹1,415.30 lakhs
  • Earnings Per Share (₹): Basic & Diluted: ₹2.46

Half Year Ended 30-Sep-2026 (Unaudited)

  • Revenue from Operations: ₹30,931.07
  • Other Income: ₹585.33
  • Total Income: ₹31,516.40
  • Total Expenses: ₹30,742.75
  • Profit Before Tax (PBT): ₹773.65
  • Tax Expense: ₹194.83 (Current Tax: ₹136.80, Deferred Tax: ₹58.03)
  • Net Profit for Period: ₹578.82
  • Other Comprehensive Income (net of tax): ₹64.15
  • Total Comprehensive Income: ₹642.97
  • Earnings Per Share (₹): Basic: ₹4.09, Diluted: ₹4.08

Comparative Figures (Standalone)

  • Q2 FY26 Net Profit: ₹194.90 lakhs
  • H1 FY26 Net Profit: ₹156.85 lakhs
  • Full Year FY26 Net Profit: ₹3,343.48 lakhs

Consolidated Financial Performance (Q2 & H1 FY27)

(All figures in ₹ lakhs, except EPS)

The consolidated results include five subsidiaries: Avinya Batteries Limited, Elpis Automotives Private Limited, Avinya Sealing Systems Limited, Avinya Industrial Products Limited, and Meraki Precision Tool Engineering Limited.

Quarter Ended 30-Sep-2026 (Unaudited)

  • Revenue from Operations: ₹17,782.66
  • Other Income: ₹127.63
  • Total Income: ₹17,910.29
  • Total Expenses: ₹17,579.65
  • Profit Before Tax (PBT): ₹330.64
  • Tax Expense: ₹83.25 (Current Tax: ₹116.07, Deferred Tax Credit: ₹(32.82))
  • Net Profit for Period (Attributable to Owners): ₹247.39
  • Other Comprehensive Income (net of tax): ₹102.28
  • Total Comprehensive Income (Attributable to Owners): ₹349.67
  • Paid-up Equity Capital: ₹1,415.30 lakhs
  • Earnings Per Share (₹): Basic: ₹1.75, Diluted: ₹1.74

Half Year Ended 30-Sep-2026 (Unaudited)

  • Revenue from Operations: ₹33,420.51
  • Other Income: ₹338.43
  • Total Income: ₹33,758.94
  • Total Expenses: ₹33,312.64
  • Profit Before Tax (PBT): ₹446.30
  • Tax Expense: ₹112.36 (Current Tax: ₹169.85, Deferred Tax Credit: ₹(57.49))
  • Net Profit for Period (Attributable to Owners): ₹333.94
  • Other Comprehensive Income (net of tax): ₹70.67
  • Total Comprehensive Income (Attributable to Owners): ₹404.61
  • Earnings Per Share (₹): Basic: ₹2.36, Diluted: ₹2.35

Comparative Figures (Consolidated)

  • Q2 FY26 Net Profit (Attributable to Owners): ₹(4.56) lakhs (Loss)
  • H1 FY26 Net Profit (Attributable to Owners): ₹(231.71) lakhs (Loss)
  • Full Year FY26 Net Profit (Attributable to Owners): ₹4,319.39 lakhs

Limited Review Report

Statutory Auditors, T R Chadha & Co LLP, issued an unmodified review opinion on both the standalone and consolidated financial results. For the consolidated results, they relied on the review reports of the auditors for the five subsidiaries.

Additional Notes from Financial Statements

  • The company operates in one reportable segment: Automotive Components.
  • Figures for previous periods have been reclassified/regrouped where necessary.
  • The interim dividend declared is for the financial year 2026-27.