Key Quantitative Figures

Financial Results for Quarter Ended June 30, 2026 (Unaudited):

  • Income from Operations: ₹115.86 crore (compared to ₹100.03 crore in Q1 FY26)
  • Other Income: ₹0.24 crore
  • Total Income: ₹116.10 crore
  • Cost of Materials Consumed: ₹94.06 crore
  • Employee Benefits Expense: ₹15.86 crore
  • Finance Costs: ₹0.70 crore
  • Depreciation and Amortization Expense: ₹1.22 crore
  • Profit Before Tax: ₹2.82 crore
  • Tax Expense: ₹0.77 crore
  • Net Profit After Tax: ₹2.05 crore
  • Basic and Diluted EPS: ₹4.28

Segment-wise Performance (Q1 FY27):

  • Automobile Components Segment Result: ₹4.28 crore profit
  • Agriculture Implements Segment Result: ₹0.74 crore profit
  • Total Segment Result: ₹5.02 crore profit

Segment Assets (as of June 30, 2026):

  • Automobile Components: ₹107.34 crore
  • Agriculture Implements: ₹47.96 crore
  • Unallocable: ₹13.45 crore
  • Total: ₹168.75 crore

Dates of Action

  • Board Meeting Date: August 13, 2026 (commenced at 2:30 PM IST, concluded at 6:10 PM IST)
  • Financial Results Period: Quarter ended June 30, 2026
  • Proposed Effective Date for Mr. Uttam Sahay's reappointment: January 31, 2027
  • Proposed Effective Date for Mr. Rama Kant Sharma's reappointment: February 4, 2027

Parties Involved

  • Statutory Auditor: Mangla Associates, Chartered Accountants
  • Regulatory Authority: BSE Limited
  • Individuals: Mr. Uttam Sahay (DIN: 08608518), Mr. Rama Kant Sharma (DIN: 00640581), Mr. Gagan Kaushik (Company Secretary & General Counsel)

Purpose or Rationale

  • To comply with SEBI Listing Regulations requirements for disclosure of board meeting outcomes
  • To inform about quarterly financial performance
  • To seek shareholder approval for director reappointments at the ensuing 51st Annual General Meeting
  • To align Memorandum of Association with latest provisions of Companies Act, 2013

Governance Actions

1. Approved unaudited financial results for quarter ended June 30, 2026

2. Taken on record Limited Review Report by Mangla Associates

3. Approved re-appointment of Mr. Uttam Sahay as Independent Director for second term of three years effective January 31, 2027

4. Approved re-appointment of Mr. Rama Kant Sharma as Managing Director for five years effective February 4, 2027 with remuneration as per Schedule V of Companies Act, 2013

5. Approved alteration of existing Memorandum of Association to align with Companies Act, 2013

Additional Information

  • The financial results were reviewed by the Audit Committee and approved by the Board
  • The company operates in two segments: Automobile Components and Agriculture Implements
  • Both proposed director reappointments are subject to shareholder approval at the 51st AGM
  • The disclosure confirms that neither director has been debarred from holding office by SEBI or any other authority