Board Meeting Details

The 01/2026-27 Meeting of the Board of Directors was held on Tuesday, May 26, 2026, at the registered office at Gat No. 139/1 and 139/2, Umala, Jalgaon, Maharashtra 425003, India. The meeting commenced at 3:30 p.m. and concluded at 7:40 p.m.

Key Board Approvals

1. Considered and approved the Audited Standalone and Consolidated Financial Results of the Company, together with the Auditor's Reports thereon, for the quarter and financial year ended March 31, 2026.

2. Declaration on Unmodified Opinion on the said Financial Results.

3. Approved the Statement of Deviation and Variation in the utilization of funds raised through Qualified Institutions Placement (QIP) for the quarter ended March 31, 2026, pursuant to Regulation 32.

4. Considered and approved the proposal for conversion of a portion of the unsecured loan extended to Spectrum Electrical Technologies Private Limited (Wholly Owned Subsidiary) into equity shares of the said wholly owned subsidiary, subject to applicable statutory and regulatory approvals.

5. Other business items were considered and approved with the permission of the Chairperson.

Financial Results - Standalone (Rs. in Lakhs)

Quarterly Performance

  • Q4 FY2026: Revenue from operations ₹18,574.67, Profit before tax ₹2,566.44, Profit after tax ₹1,958.18
  • Q3 FY2026: Revenue from operations ₹12,089.68, Profit before tax ₹1,190.44, Profit after tax ₹920.09
  • Q4 FY2025: Revenue from operations ₹17,317.56, Profit before tax ₹1,943.18, Profit after tax ₹1,340.85

Annual Performance

  • FY2026: Revenue from operations ₹51,147.16, Profit before tax ₹5,557.62, Profit after tax ₹4,279.80
  • FY2025: Revenue from operations ₹40,165.45, Profit before tax ₹3,514.65, Profit after tax ₹2,427.85

Key Financial Metrics

  • EPS: Basic FY2026 ₹27.79, Diluted FY2026 ₹27.79; Basic FY2025 ₹15.56, Diluted FY2025 ₹15.86
  • Equity Share Capital: ₹1,571.38 lakhs (face value ₹10 each)
  • Total Comprehensive Income: FY2026 ₹4,274.00 lakhs, FY2025 ₹2,416.37 lakhs

Financial Results - Consolidated (Rs. in Lakhs)

Quarterly Performance

  • Q4 FY2026: Revenue from operations ₹28,295.14, Profit before tax ₹3,390.02, Profit after tax ₹2,646.31
  • Q3 FY2026: Revenue from operations ₹12,530.60, Profit before tax ₹1,234.53, Profit after tax ₹1,020.68
  • Q4 FY2025: Revenue from operations ₹16,854.46, Profit before tax ₹1,992.15, Profit after tax ₹1,365.29

Annual Performance

  • FY2026: Revenue from operations ₹52,594.22, Profit before tax ₹5,809.76, Profit after tax ₹4,447.84
  • FY2025: Revenue from operations ₹40,223.71, Profit before tax ₹3,586.68, Profit after tax ₹2,542.24

Key Financial Metrics

  • EPS: Basic FY2026 ₹28.33, Diluted FY2026 ₹28.33; Basic FY2025 ₹28.62, Diluted FY2025 ₹28.42
  • Equity Share Capital: ₹1,571.38 lakhs (face value ₹10 each)
  • Total Comprehensive Income: FY2026 ₹4,442.91 lakhs, FY2025 ₹2,530.77 lakhs

Subsidiary Information

The consolidated results include the following subsidiaries:

1. Spectrum Electrical Technologies Private Limited (formerly Spectrum Electrical Life Solutions Pvt. Ltd.) - Wholly Owned Subsidiary

2. Spectrum Health-Tech Private Limited (formerly Spectrum Mass-Tech Private Limited) - Wholly Owned Subsidiary

3. Meehmaster Engineering Private Limited - Subsidiary

4. Pristine IT Code Private Limited - Subsidiary

5. Alric Electric Private Limited - Wholly Owned Subsidiary (with effect from March 6, 2026)

Acquisition Details

During the financial year, the company acquired 100% stake in Alric Electric Private Limited:

  • Date of Acquisition: March 6, 2026
  • Number of shares acquired: 10,000
  • Percentage of stake acquired: 100.00%
  • Consideration paid: ₹111.00 lakhs
  • Nature of transaction: Equity Shares acquired from the promoters of the Target Company
  • Relationship: Wholly Owned Subsidiary

QIP Funds Utilization

The company had raised funds through issue of 3,10,500 Equity Shares under Qualified Institutions Placement (QIP) on February 14, 2024, at an issue price of ₹1,177 per share (including securities premium of ₹1,167 per share). Total amount raised: ₹3,654.59 lakhs.

Utilization as on March 31, 2026:

| Sr. No. | Main Objects | Amount Allocated (₹ lakhs) | Fund Utilized (₹ lakhs) | Pending Utilization (₹ lakhs) |

| 1 | Capital Expenditure | 1,375.00 | 1,375.00 | 0.00 |

| 2 | Working Capital Requirements | 2,214.00 | 2,214.00 | 0.00 |

| 3 | General Corporate Expenses | 50.00 | 50.00 | 0.00 |

| 4 | Issue Expenses | 15.59 | 15.59 | 0.00 |

| Total | | 3,654.59 | 3,654.59 | 0.00 |

The auditors confirmed that the company has utilized the entire funds for the purposes for which they were raised, with no deviation or variation observed.

Financial Position - Standalone (as at March 31, 2026)

  • Total Assets: ₹62,089.86 lakhs (Previous year: ₹42,366.35 lakhs)
  • Total Equity: ₹24,132.40 lakhs (Previous year: ₹18,945.48 lakhs)
  • Non-current liabilities: ₹16,473.00 lakhs (Previous year: ₹4,959.06 lakhs)
  • Current liabilities: ₹21,484.46 lakhs (Previous year: ₹18,461.81 lakhs)

Financial Position - Consolidated (as at March 31, 2026)

  • Total Assets: ₹66,778.01 lakhs (Previous year: ₹44,499.52 lakhs)
  • Total Equity: ₹24,488.46 lakhs (Previous year: ₹19,076.63 lakhs)
  • Non-current liabilities: ₹20,361.99 lakhs (Previous year: ₹9,468.89 lakhs)
  • Current liabilities: ₹21,927.56 lakhs (Previous year: ₹15,954.00 lakhs)

Additional Information

  • The company is engaged in design and manufacturing of Electrical, Automobile, and Irrigation Components (single business segment)
  • Mr. Deepak Suresh Chaudhari, Chairman and Managing Director, is authorized to sign the financial results
  • Financial results are available on company website: www.spectrum-india.com
  • Previous period figures have been regrouped/rearranged wherever necessary