Date: August 21, 2026

KMP / Board / Auditor Changes

Not Specified

Dividend Declaration or Non-Declaration

  • Final dividend declared for financial year 2025-26 (amount not specified in transcript)

Board Meeting Outcomes

All eight resolutions were put to vote and deemed passed subject to requisite majority:

1. Adoption of audited standalone financial statements for FY26

2. Adoption of audited consolidated financial statements for FY26

3. Declaration of final dividend for FY 2025-26

4. Appointment of Mr. Arjun Jain (DIN:07228175) as director liable to retire by rotation

5. Appointment of Mr. Dhruv Jain (DIN:09710448) as director liable to retire by rotation

6. Approval for increase in overall borrowing limit under section 180(1)(c) of Companies Act 2013

7. Approval for creation of charges on movable and immovable properties under section 180(1)(a)

8. Approval for ratification of remuneration of cost auditor

9. Approval for issue of non-convertible debentures on private placement basis

Financial Results (Standalone & Consolidated)

  • Consolidated revenue for FY26: ₹88,905 million (approximately ₹8,890.5 crores), representing ~9% YoY growth
  • EBITDA margin: approximately 9.4%
  • PBT margin: 4.3% (improved by 50 basis points YoY)
  • India business revenue: approximately ₹8,000 crores in FY26
  • EV-related revenue contribution: ~13% for full year FY26
  • Q1 FY27 EV revenue contribution: ~8%

Disinvestment / Strategic Actions

Not Specified

Other Operational / Legal / Strategic Disclosures

Arbitration Proceedings:

  • Dispute with TYC parties (Beste Motor Company Limited and TYC Brother Industrial Company Limited)
  • Alleged breach of Transition Management Agreement regarding revenue recognition from erstwhile JV
  • Statement of claim received under arbitration proceedings
  • Company filed statement of defense in March 2026
  • Total disputed amount: ₹209.89 million (FY26) + ₹231.82 million (FY25) = ₹441.71 million

Governance & Sustainability:

  • Sustainability focus: safe, smart and sustainable mobility solutions
  • Areas: EV and emission control, lighting and advanced safety technologies, telematics and connected clusters
  • Commitment to energy efficiency, renewable energy, natural resource conservation and waste minimization