Key Business Items Approved

1. Audited Financial Results

The Board approved the Audited Financial Results (Standalone and Consolidated) for the quarter and year ended March 31, 2026 along with the Audit Report issued by the Statutory Auditors.

  • Statutory Auditors issued an unmodified opinion on the audited financial results
  • Meeting commenced at 4:10 PM IST and concluded at 7:00 PM IST

2. Appointment of Internal Auditors

Appointed M/s. Joseph Cyriac & Company, Chartered Accountants as Internal Auditors for FY 2026-27.

  • Reason: Appointment as Internal Auditors
  • Date: May 28, 2026
  • Profile: Firm with vast experience in audit, assessments and management consultancy

3. Policy on Materiality of Related Party Transactions

Reviewed and updated the Policy on materiality of Related Party Transactions to align with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

4. Appointment of Cost Auditors

Appointed M/s. BBS & Associates, Cost Accountants (Firm Registration No. 00273) as Cost Auditors for FY 2026-27.

  • Reason: Appointment as Cost Auditors
  • Date: May 28, 2026
  • Profile: Premier professional services firm focused on cost and management accounting with partners having 20+ years industry experience

Standalone Financial Results (All amounts in ₹ Millions)

Income Statement Highlights

| Period | Revenue | Other Income | Total Income | PAT | EPS (₹) |

| Q4 FY26 | 455.67 | 3.37 | 459.04 | 26.66 | 0.67 |

| Q3 FY26 | 679.16 | 0.90 | 680.06 | 52.75 | 1.36 |

| Q4 FY25 | 388.59 | 11.75 | 400.34 | 43.30 | 1.22 |

| FY26 | 2,213.74 | 18.80 | 2,232.54 | 150.42 | 3.81 |

| FY25 | 1,783.53 | 24.94 | 1,808.47 | 207.62 | 5.84 |

Expense Breakdown FY26

  • Cost of materials consumed: ₹1,966.48M
  • Employee benefits expense: ₹78.73M
  • Finance costs: ₹10.20M
  • Depreciation: ₹34.18M
  • Other expenses: ₹133.79M

Tax Expense FY26

  • Current tax: ₹53.43M
  • Deferred tax: (₹0.11)M
  • Prior period tax: ₹0.87M
  • Total tax: ₹54.19M

Consolidated Financial Results (All amounts in ₹ Millions)

Income Statement Highlights

| Period | Revenue | Other Income | Total Income | PAT | EPS (₹) |

| Q4 FY26 | 779.88 | 9.35 | 789.23 | 89.38 | 2.26 |

| Q3 FY26 | 932.87 | 3.85 | 936.72 | 104.91 | 2.68 |

| Q4 FY25 | 695.29 | 11.74 | 707.03 | 92.79 | 2.56 |

| FY26 | 3,271.19 | 28.01 | 3,299.20 | 356.85 | 9.03 |

Tax Expense FY26 (Consolidated)

  • Current tax: ₹90.41M
  • Deferred tax: (₹0.01)M
  • Prior period tax: (₹1.13)M
  • Short/(Excess) provision: ₹0.00M
  • Total tax: ₹89.27M

Balance Sheet Position (as at March 31, 2026)

Standalone

  • Total Assets: ₹3,250.69M
  • Equity Share Capital: ₹197.54M (Face value ₹5 each)
  • Other Equity: ₹2,892.24M
  • Total Equity: ₹3,089.78M
  • Current Assets: ₹2,309.69M
  • Current Liabilities: ₹150.18M

Consolidated

  • Total Assets: ₹3,925.52M
  • Equity Share Capital: ₹197.54M
  • Other Equity: ₹3,414.88M
  • Total Equity: ₹3,612.42M
  • Current Assets: ₹3,283.92M
  • Current Liabilities: ₹300.45M

Key Financial Ratios

Standalone Ratios FY26

  • Current Ratio: 15.38 times
  • Debt-Equity Ratio: 0.0115 times
  • Return on Equity: 4.87%
  • Net Profit Margin: 6.79%
  • Inventory Turnover: 2.01 times (181 days)
  • Trade Receivables Turnover: 2.15 times (170 days)

Consolidated Ratios FY26

  • Current Ratio: 10.93 times
  • Debt-Equity Ratio: 0.03 times
  • Return on Equity: 9.88%
  • Net Profit Margin: 10.91%
  • Inventory Turnover: 1.68 times (217 days)
  • Trade Receivables Turnover: 2.55 times (143 days)

Segment Information

The Group operates in a single segment - manufacture and sale of tyres and related rubber products.

Geographical Revenue FY26

  • India: ₹2,739.80M (83.7%)
  • United Arab Emirates: ₹531.39M (16.3%)
  • Total: ₹3,271.19M

Subsidiary Information

The Company has investments in:

  • Tolin Rubbers Private Limited (wholly-owned subsidiary, acquired April 2023)
  • Tolins Tyres LLC (One Person Company, wholly-owned subsidiary, acquired April 2023)
  • Terra Rubber Private Limited (100% investment made in October 2025)