Financial Performance Highlights

For the financial year ended March 31, 2026:

  • Revenue from operations: ₹53,576 lakhs (FY25: ₹44,609 lakhs), growth of 20.18%
  • Net profit after tax: ₹2,916 lakhs (FY25: ₹2,017 lakhs), growth of 44.57%
  • Earnings Before Interest, Depreciation and Tax (EBIDTA): ₹6,390 lakhs
  • Profit Before Tax: ₹3,930 lakhs
  • Basic and Diluted EPS: ₹57.34 (FY25: ₹39.78)
  • Sale of products: ₹51,748 lakhs (Domestic: ₹37,179 lakhs, Export: ₹14,569 lakhs)
  • Export sales increased by 89% from ₹7,698 lakhs in FY25 to ₹14,569 lakhs in FY26
  • Reserves & Surplus: ₹17,727 lakhs against paid-up capital of ₹508 lakhs

Dividend

The Board of Directors recommended a final dividend of ₹3.00 per equity share (30% of face value of ₹10) on 5,07,65,040 fully paid-up equity shares for FY 2025-26. The payment is subject to shareholder approval at the ensuing Annual General Meeting (AGM).

Share Capital

  • Authorized Share Capital: ₹5,10,00,000 divided into 51,00,000 equity shares of ₹10 each
  • Paid-up Equity Share Capital: ₹5,07,65,040 comprising 50,76,504 equity shares of ₹10 each
  • No change in authorized, subscribed, issued, or paid-up capital during the year
  • No shares with differential rights, bonus shares, sweat equity shares, or debentures/bonds issued

Transfer of Unclaimed/Unpaid Dividend/Shares

During the year, the company transferred ₹2,42,475 towards unclaimed and unpaid dividend and 6,684 shares for FY 2017-18 to the Investor Education and Protection Fund (IEPF). Mrs. Kajal Gupta was appointed as Nodal Officer effective September 01, 2025.

Borrowings and Credit Rating

  • Consolidated borrowings as of March 31, 2026: ₹14,779 lakhs (March 31, 2025: ₹13,209 lakhs)
  • CARE Ratings reaffirmed ratings: Long Term Bank Facilities - CARE A-; Stable, Short Term Bank Facilities - CARE A2+

Subsidiaries

  • The company incorporated a wholly-owned subsidiary, Talbros Nextgen Private Limited (CIN: U29301HR2026PTC145296) on May 12, 2026
  • Authorized and paid-up equity share capital: ₹1,00,000 divided into 10,000 equity shares of ₹10 each
  • No other subsidiaries, joint ventures, or associate companies during the year

Board and Key Managerial Personnel Changes

  • Resignation of Mr. Divam Mittal as Company Secretary and Compliance Officer effective June 30, 2025
  • Appointment of Mrs. Kajal Gupta as Company Secretary and Compliance Officer effective September 01, 2025
  • Re-appointment of Mr. Vijay Kumar Sharma as Whole-time Director (Executive Director) for five years effective October 01, 2025
  • Appointment of Mr. Sumit Kumar Sachdeva as Non-Executive and Independent Director effective April 01, 2026
  • Cessation of Mr. Kuldeep Singh Bhalla as Independent Director effective March 31, 2026
  • Mr. Ankush Jindal retires by rotation and offered himself for re-appointment

Corporate Governance and Compliance

  • The company complied with all applicable Secretarial Standards
  • No material orders passed by regulators/courts/tribunals
  • No instances of fraud reported by auditors
  • No non-compliance matters relating to capital markets
  • Harmonious industrial relations across all establishments

CSR Activities

  • CSR expenditure: ₹58.63 lakhs (2% of average net profit of preceding three years: ₹58.99 lakhs)
  • Focus areas: Education, Healthcare, Eradicating Hunger, and Animal Welfare
  • No capital assets created through CSR funds

Operational Highlights

  • Installed capacity: 4 million axle shafts per annum
  • Domestic market share: 90% in SUVs, 30% in HCVs, 5% in Tractors and Off-Highway segments
  • Total workforce: Approximately 1,500 employees (including contractual)
  • Expansion plans: Signed agreement to set up a new manufacturing unit in Madhya Pradesh

Auditor Reports

  • Statutory Auditors: M/s Rakesh Raj & Associates, Chartered Accountants
  • Secretarial Auditors: M/s Anuj Gupta and Associates, Company Secretaries
  • Internal Auditors: M/s Bansal Harshit & Associates (from January 01, 2026), previously M/s G R A B & Associates
  • All auditors issued unqualified reports with no adverse remarks

Important Dates

  • Record Date for Dividend: September 23, 2026
  • 40th Annual General Meeting: September 30, 2026