Board Meeting Details

The Board of Directors meeting was held on 25th May, 2026, commencing at 10:25 AM and concluding at 12:25 PM.

Key Decisions Approved

Financial Results

  • Approved audited Standalone financial results for the quarter and financial year ended 31st March, 2026
  • Statutory Auditors expressed an unmodified opinion on both Standalone and Consolidated Financial Results

Dividend Recommendation

  • Recommended a dividend of ₹0.65 per share (6.5%) on face value of ₹10 per share for financial year 2025-26
  • Subject to approval of shareholders at the ensuing Annual General Meeting

Appointments

  • Ms. Shrikirti Mahesh (DIN: 11704129) appointed as Additional Director designated as "Non-Executive, Non-Independent Director" effective May 25, 2026
  • Mr. Pradeep Kumar Nath (ICSI Membership No. A40148) appointed as Company Secretary & Compliance Officer effective May 25, 2026
  • M/s. Sundaram & Srinivasan, Chartered Accountants appointed as Internal Auditors for Financial Year 2026-2027 (from 01.04.2026 to 31.03.2027)

Committee Reconstitution

  • Nomination and Remuneration Committee (NRC) reconstituted with revised composition:
  • Mr. M.CT.P. Chidambaram - Chairman
  • Mr. Rahul Agrawal - Member
  • Ms. Shrikirti Mahesh - Member

Financial Results Summary (Standalone)

Profit & Loss Statement (₹ in lacs)

| Particulars | Q4 FY26 | Q4 FY25 | Q3 FY26 | FY26 | FY25 |

| Total Income | 9,244.67 | 8,450.89 | 9,784.81 | 34,902.81 | 35,502.70 |

| Total Expenses | 8,428.33 | 8,569.91 | 9,610.67 | 34,566.80 | 34,888.60 |

| Profit Before Tax | 816.34 | (119.02) | 174.14 | 336.01 | 614.10 |

| Tax Expense | 69.65 | 5.30 | 41.70 | 79.30 | 96.82 |

| Net Profit | 746.69 | (124.32) | 132.44 | 256.71 | 517.28 |

| EPS (₹) | 18.98 | (3.16) | 3.37 | 6.52 | 13.15 |

Balance Sheet Position as at 31st March, 2026 (₹ in lacs)

| Particulars | 31.03.2026 | 31.03.2025 |

| Total Assets | 20,911.64 | 22,460.41 |

| Shareholders' Funds | 10,203.94 | 9,935.26 |

| Paid-up Equity Capital | 393.46 | 393.46 |

| Reserves | 9,810.48 | 9,541.80 |

| Non-current Liabilities | 1,134.56 | 1,344.21 |

| Current Liabilities | 9,573.14 | 11,180.94 |

Cash Flow Statement for FY26 (₹ in lacs)

| Particulars | FY26 | FY25 |

| Cash from Operating Activities | 2,137.21 | 12.75 |

| Cash from Investing Activities | (720.64) | (683.61) |

| Cash from Financing Activities | (1,416.20) | 664.82 |

| Net Change in Cash | 0.36 | (6.04) |

| Closing Cash Balance | 28.12 | 27.53 |

Key Financial Ratios and Metrics

  • Employee benefits expense: ₹5,495.81 lacs (FY26) vs ₹5,381.98 lacs (FY25)
  • Finance cost: ₹402.89 lacs (FY26) vs ₹323.48 lacs (FY25)
  • Depreciation and amortization: ₹596.76 lacs (FY26) vs ₹628.82 lacs (FY25)

Additional Director Profile - Ms. Shrikirti Mahesh

  • Age: 44 years
  • Qualifications: Bachelor of Arts from Stanford University, MBA from The Wharton School, University of Pennsylvania
  • Experience: Over 10 years in eCommerce leadership with expertise in digital commerce, business strategy, operations, and organizational management
  • Relationship: Sister of Mr. Krishna Mahesh (Managing Director) and Ms. Shripriya Mahesh (Director)
  • Not debarred from holding director office by any SEBI Order or authority

Company Secretary Profile - Mr. Pradeep Kumar Nath

  • Age: 39 years
  • Qualifications: Company Secretary (ICSI Membership No. A40148), LLB, Bachelor of Commerce
  • Experience: Over 12 years in corporate compliance, listing compliance, and legal matters
  • Previous associations: R.P.P Infra Projects Limited, Cetex Petrochemicals Limited, Lancor Holdings Limited
  • No association with any of the Directors

Internal Auditors Profile - M/s. Sundaram & Srinivasan

  • Renowned professional audit firm with over 81 years of experience
  • Specializes in Statutory Audit, Internal Audit, Tax Audit, and related areas
  • No association with any of the Directors

Additional Notes from Financial Statements

  • Primary operations relate to one segment: friction materials
  • Financial results prepared in accordance with Indian Accounting Standards (Ind AS)
  • Other Comprehensive Income includes impact on movement in fair value of Non-Current Investments in Equity and Remeasurement of Defined Plan Benefits
  • Government's New Labour Codes effective November 21, 2025 resulted in incremental gratuity liability of ₹6.89 lacs
  • Prior period figures have been regrouped wherever necessary