Detailed Summary

Financial Results - Standalone (Quarter Ended June 30, 2026)

  • Revenue from operations: ₹10,760.90 lakhs (Q1 FY26: ₹10,429.56 lakhs)
  • Other income: ₹141.67 lakhs (Q1 FY26: ₹158.41 lakhs)
  • Total income: ₹10,902.57 lakhs (Q1 FY26: ₹10,587.97 lakhs)
  • Profit before tax: ₹338.03 lakhs (Q1 FY26: ₹86.58 lakhs)
  • Tax expense: ₹(409.87) lakhs, comprising current tax of ₹16.07 lakhs and deferred tax credit of ₹425.94 lakhs
  • Profit after tax: ₹747.90 lakhs (Q1 FY26: ₹30.52 lakhs)
  • Earnings per share (Basic): ₹14.60 (Q1 FY26: ₹0.64)
  • Earnings per share (Diluted): ₹14.60 (Q1 FY26: ₹0.60)
  • Paid-up equity share capital: ₹512.20 lakhs (face value ₹10 per share)

Financial Results - Consolidated (Quarter Ended June 30, 2026)

  • Profit before tax: ₹615.04 lakhs (Q1 FY26: ₹234.39 lakhs)
  • Tax expense: ₹(363.88) lakhs
  • Profit after tax: ₹978.92 lakhs (Q1 FY26: ₹153.82 lakhs)
  • Earnings per share (Basic): ₹19.11 (Q1 FY26: ₹3.20)
  • Earnings per share (Diluted): ₹19.11 (Q1 FY26: ₹3.00)

Corporate Actions and Approvals

1. Annual General Meeting: The 50th Annual General Meeting will be convened on Friday, September 25, 2026, at 04:00 PM (IST) through Video Conferencing/Other Audio Visual Means.

2. Record Date: The Board fixed Friday, September 18, 2026, as the record date for determining members eligible to receive dividend for FY2025-26, if approved at the AGM.

3. Cost Auditor Appointment: Approved the appointment of M/s. Vishwanath Bhat & Associates as Cost Auditors for FY2026-27. The firm has 30+ years of expertise in cost accounting, audit, and taxation.

4. Director Re-appointment: Approved the re-appointment of Mr. Koothanda Bheemaiah Appaiah (DIN: 10053407) for a period of 5 years effective March 06, 2027, subject to shareholder approval at the AGM. Mr. Appaiah oversees manufacturing, supply chain, sales operations, and business strategy.

Merger with TritonValves Climatech Private Limited (TVCT)

  • The Scheme of Amalgamation of TVCT with Triton Valves Limited was approved by the Board on September 04, 2023, with an initial Appointed Date of April 1, 2023.
  • In January 2026, the Appointed Date was revised to April 1, 2025, based on suggestions from the Official Liquidator.
  • The National Company Law Tribunal (NCLT) issued the final order on May 29, 2026.
  • The merger order was filed with the Registrar of Companies on June 27, 2026 (Effective Date).
  • TVCT had brought forward tax losses of ₹1,715.49 lakhs pertaining to AY 2022-23 to AY 2025-26.
  • The company recognized a deferred tax asset of ₹431.79 lakhs during Q1 FY27 on these losses, based on assessment of future taxable profits.

Bonus Share Issue

  • The Board recommended a 3:1 bonus issue on February 12, 2026 (3 bonus shares for every 1 existing share).
  • Shareholders approved the increase in authorized share capital from 50,00,000 to 1,00,00,000 equity shares and allotment of 38,41,581 bonus shares at an EGM on March 21, 2026.
  • Trading and listing approval for bonus shares was received from BSE on April 06, 2026.
  • The company utilized ₹384.16 lakhs from securities premium account for the bonus issue under Section 52 of Companies Act 2013.
  • This increased the paid-up capital from ₹128.05 lakhs to ₹512.20 lakhs.
  • All historical EPS figures have been retrospectively adjusted for the bonus issue.

Change in Operating Model with Subsidiary

  • The company entered into a 'conversion' agreement with wholly-owned subsidiary Tritonvalves Future Tech Private Limited (TVFT) effective April 1, 2026.
  • Previously, transactions involved sale of brass borings (byproduct) and purchase of brass rods on principal-to-principal basis.
  • Under the new model, the company retains ownership of brass borings and TVFT acts as a processor converting them into brass rods.
  • The change aims to enhance inventory management, improve supply chain visibility, and mitigate brass price volatility risks.

Labour Code Impact

  • The Government implemented four Labour Codes effective November 21, 2025, introducing uniform definition of wages and enhanced benefits.
  • The company estimated an increase in gratuity liability of ₹142.56 lakhs (standalone) and ₹151.78 lakhs (consolidated) due to past service cost.
  • This amount was treated as an exceptional item in FY2025-26 results as it arose from new legislation enactment.

Segment Information

The Group operates in three segments:

1. Automotive: Tyre & tube valves, tubeless valves, EV valves, TPMS valves, and valve cores

2. Climate Control: Service valves, charging valves, ball valves, parts and accessories

3. Metals: Manufacturing of brass rods and coils, special alloys (e.g., hollow rods)

Auditor Review

  • Deloitte Haskins & Sells LLP reviewed both standalone and consolidated financial results.
  • The auditors issued an unmodified limited review conclusion for both sets of results.
  • For consolidated results, the auditors relied on review reports of other auditors for subsidiaries Triton Valves Hong Kong Limited and Tritonvalves Future Tech Private Limited.

Board Meeting Details

  • The Board meeting commenced at 02:30 PM (IST) and concluded at 06:31 PM (IST) on August 13, 2026.
  • The meeting was also attended by the Audit Committee which recommended the financial results.