Board Meeting Details

The meeting of the Board of Directors commenced at 02:30 pm and concluded at 06:14 pm on May 28, 2026.

Key Decisions and Approvals

1. Financial Results Approval

The Board of Directors:

  • Approved the Audited Financial Results (Standalone and Consolidated) for the quarter and financial year ended March 31, 2026
  • The results were reviewed by the Audit Committee and approved by the Board
  • Statutory Auditors (Deloitte Haskins & Sells LLP) issued Audit Reports with an unmodified opinion

2. Dividend Recommendation

  • Recommended a final dividend of ₹2.50 per equity share (25% on face value of ₹10 each) for FY 2025-26
  • Dividend payment is subject to approval of members at the ensuing Annual General Meeting

Financial Performance Highlights

Standalone Financials (Rs. in lakhs)

Balance Sheet as at March 31, 2026:

  • Total Assets: ₹27,856.05 (vs. ₹25,696.18 in FY25)
  • Total Equity: ₹14,644.86 (vs. ₹12,770.93 in FY25)
  • Equity Share Capital: ₹128.05 (vs. ₹120.05 in FY25)
  • Other Equity: ₹14,516.81 (vs. ₹12,650.88 in FY25)
  • Total Liabilities: ₹13,211.19 (vs. ₹12,925.25 in FY25)

Profit & Loss:

  • Profit before tax for FY26: ₹1,251.44
  • Profit for the year: ₹937.76

Cash Flows for FY26:

  • Net cash flow from operating activities: ₹(210.04)
  • Net cash flow from investing activities: ₹(996.09)
  • Net cash flow from financing activities: ₹1,386.92
  • Net increase in cash: ₹81.28
  • Cash and cash equivalents at year-end: ₹92.76

Consolidated Financials (Rs. in lakhs)

Balance Sheet as at March 31, 2026:

  • Total Assets: ₹32,484.06 (vs. ₹28,869.64 in FY25)
  • Total Equity: ₹12,830.89 (vs. ₹10,921.69 in FY25)
  • Equity Share Capital: ₹128.05 (vs. ₹120.05 in FY25)
  • Other Equity: ₹12,702.84 (vs. ₹10,801.64 in FY25)
  • Total Liabilities: ₹19,653.17 (vs. ₹17,947.95 in FY25)

Profit & Loss for FY26:

  • Total Income: ₹57,841.80
  • Profit before exceptional item and tax: ₹1,521.82
  • Exceptional item: ₹151.78 (Labour Codes impact)
  • Profit before tax: ₹1,370.04
  • Profit for the year: ₹971.46
  • Total comprehensive income: ₹984.18
  • Basic EPS: ₹19.58; Diluted EPS: ₹19.58

Cash Flows for FY26:

  • Net cash flow from operating activities: ₹1,814.12
  • Net cash flow used in investing activities: ₹(1,259.73)
  • Net cash flow used in financing activities: ₹(471.49)
  • Net increase in cash: ₹82.90
  • Cash and cash equivalents at year-end: ₹141.61

Exceptional Item

The Group recognized an exceptional item of ₹151.78 lakh due to increased gratuity liability arising from the implementation of the four Labour Codes effective from November 21, 2025. This represents past service cost impact assessed after final rules were notified on May 8, 2026.

Corporate Actions

Bonus Share Issuance

  • The Board recommended issuance of bonus shares in 3:1 ratio (3 bonus shares for every 1 share held)- Approved increase of authorized equity share capital from 50,00,000 to 1,00,00,000 equity shares of ₹10 each
  • Allotted 38,41,581 bonus shares
  • Utilized ₹384.16 lakh from securities premium account for bonus share issuance
  • Shareholders approved via postal ballot on March 21, 2026
  • Received trading and listing approval from stock exchanges on April 6, 2026
  • EPS figures have been retrospectively adjusted for all periods presented

Amalgamation Scheme

  • Scheme of Amalgamation of TritonValves Climatech Private Limited with Triton Valves Limited approved on September 4, 2023
  • Appointed date revised from April 1, 2023 to April 1, 2025
  • Documents under examination by NCLT
  • Next hearing scheduled for May 29, 2026
  • Impact will be reflected in financial results upon receipt of regulatory approvals

Segment Information

The Group operates in three segments:

1. Automotive Valves (AV) - tyre & tube valves, tubeless valves, EV valves, TPMS valves, valve cores

2. Climate Control Valves (CCV) - Service valves, Charging valves, Ball valves, Parts and accessories

3. Metals (MT) - Brass rods and coils, Special alloys (e.g., hollow rods)

Segment Revenue for FY26 (Rs. in lakhs):

  • AV: ₹43,427.05
  • CCV: ₹1,718.12
  • MT: ₹38,305.13
  • Total: ₹83,450.30
  • Less inter-segment revenues: ₹11,157.41
  • Consolidated revenue: ₹57,841.80

Subsidiaries Included in Consolidation

1. Triton Valves Limited (Holding company)

2. Triton Valves Hong Kong Limited

3. Tritonvalves Climatech Private Limited

4. Tritonvalves Future Tech Private Limited