Key Decisions Approved

I. Unaudited Financial Results

  • Approved unaudited Standalone and Consolidated Financial Results for quarter ended June 30, 2026
  • Statutory auditors Rajan Chhabra & Co. issued unmodified limited review reports
  • Board meeting duration: 05:45 PM to 06:25 PM IST

II. Investment in SMK Helmets Europe SRL

  • Further investment up to EUR 10,00,000 (Euro Ten Lakh) in wholly owned subsidiary
  • SMK Helmets Europe SRL incorporated on May 22, 2026 as Limited Liability Company under Italian laws
  • Existing capital: EUR 3,00,000
  • No turnover as operations not commenced yet
  • Principal business: Importation, distribution and sales of Studds products in Europe
  • Transaction at arm's length basis
  • Completion timeline: On or before March 31, 2027 in one or more tranches
  • Cash consideration
  • Shareholding remains 100%

III. Investment in Bikerz US Inc.

  • Further investment of USD 99,936 in wholly owned subsidiary
  • Price per share: USD 694 based on Valuation Report dated August 4, 2026
  • Bikerz US Inc. incorporated on September 20, 2021 in Delaware, USA
  • Authorized capital: USD 5 (5,000 common stocks of USD 0.001 each)
  • Pre-investment paid-up capital: USD 1.62 (1,619 common stocks)
  • FY 2025-26 turnover: INR 8.77 crore
  • Principal business: Importation, distribution and sales of SMK Helmets and accessories in USA
  • Transaction at arm's length basis
  • Completion timeline: On or before September 30, 2026
  • Cash consideration
  • Post-investment shares: 1,763 common stocks (100% ownership)

Financial Results - Standalone (Rs. in millions)

Quarter Ended June 30, 2026

  • Revenue from operations: ₹1,669.43
  • Other income: ₹32.44
  • Total income: ₹1,701.87
  • Total expenses: ₹1,523.81
  • Profit before tax: ₹178.06
  • Tax expense: ₹45.54 (Current tax: ₹46.00, Deferred tax: ₹-0.46)
  • Profit for the period: ₹132.52
  • Other comprehensive income: ₹0.26
  • Total comprehensive income: ₹132.78
  • Paid-up equity share capital: ₹196.77
  • Basic EPS: ₹3.37
  • Diluted EPS: ₹3.37

Comparative Standalone Figures

  • Q1 FY26 (June 30, 2025): Revenue ₹1,481.38, Net profit ₹203.46
  • Q4 FY26 (March 31, 2026): Revenue ₹1,663.54, Net profit ₹215.18
  • Full Year FY26: Revenue ₹6,301.85, Net profit ₹837.53

Financial Results - Consolidated (Rs. in millions)

Quarter Ended June 30, 2026

  • Revenue from operations: ₹1,669.43
  • Other income: ₹32.44
  • Total income: ₹1,701.87
  • Total expenses: ₹1,579.90
  • Profit before tax: ₹121.97
  • Tax expense: ₹-0.90
  • Profit for the period: ₹122.87
  • Other comprehensive income: ₹-0.80
  • Total comprehensive income: ₹122.07
  • Paid-up equity share capital: ₹196.77
  • Basic EPS: ₹3.11
  • Diluted EPS: ₹3.11

Subsidiary Performance (Q1 FY27)

  • Bikerz US Inc.: Revenue ₹35.38 million, Net loss ₹1.82 million
  • SMK Helmets Europe SRL: Revenue nil, Net loss ₹9.00 million

Key Notes to Financial Results

  • Prepared in accordance with Ind AS 34 "Interim Financial Reporting"
  • Reviewed by Audit Committee and approved by Board on August 8, 2026
  • Single reportable segment: manufacture and sale of helmets and accessories
  • Tax expense based on estimated effective annual tax rate
  • EPS not annualized for interim periods
  • Previous period figures regrouped/reclassified where necessary
  • Q4 FY26 figures are balancing figures between audited annual and published quarterly results