Alicon Castalloy Ltd

AGM details

• AGM held on 28 September 2026 at 12:00 PM.

Key resolutions

• Auditors appointed for the year ended 31 March 2026; remuneration to be fixed.
• Director Jitendra Panjabi reappointed (retirement by rotation).
• Final dividend of Rs 3 per equity share (Rs 5 face) for FY ended 31 March 2026.
• Anantakrishnan Krishnan appointed as Non-Executive Independent Director.

Voting results

• Auditors appointment: Passed; majority in favour.
• Director Panjabi reappointment: Passed; 100% in favour on votes polled.
• Dividend: Approved; majority in favour.
• Independent director: Approved; ~99.52% in favour.

Director changes

• Appointment of Anantakrishnan Krishnan as Non-Executive Independent Director.
• Reappointment of Jitendra Panjabi as Director (rotational).

Auditors

• Statutory auditor appointment for the year; remuneration to be fixed.

AGM Details

• AGM held 28 September 2026 at 12:00 noon via NSDL video conference.
• Concluded at 12:40 p.m.
• Shareholders present: 45.
• Statutory and Secretarial audit reports had no qualifications.

Key resolutions

• Adopt audited standalone and consolidated financial statements and reports; outcome not disclosed.
• Declare final dividend of Rs. 3 per equity share; outcome not disclosed.
• Reappoint Jitendra Panjabi as Director; outcome not disclosed.
• Appoint Anantakrishnan Krishna as Non-Executive Independent Director; outcome not disclosed.

Director resignation

• Resignation of Mr. Ajay Patil as Director, effective 13 August 2026, due to other commitments.

Financial Performance

• Total income Rs 579 crore; up 37% YoY and 17% sequential.
• EBITDA Rs 55 crore; EBITDA margin 9.5%.
• PBT Rs 18 crore; up 45% YoY; PAT Rs 12 crore; up 23% YoY.
• Consolidated growth 37.7% YoY; stand-alone 43.6% YoY.
• Underlying growth (inflation-adjusted): 17.5% consolidated; 22% standalone.
• Input-cost volatility pressured margins; offset by efficiency initiatives.
• Europe: lower sales as legacy programs end; new programs to ramp.

Operational and Market Update

• Indian auto market remains structurally strong; PVs ~1.57 million units, +11.3%.
• Two-wheelers +21%; commercial vehicles +19.5% YoY.
• Hybrid potential 25-30% CAGR; EVs 20-22% CAGR over 4–5 years.
• Alicon is a leading hybrid supplier; expanding EV portfolio.
• EV portfolio includes motor housings, e-axle housings, battery housings.
• Acquired businesses add Rs 450 crore revenue potential over 5 years.
• Visible opportunities with two large Indian OEMs; ~Rs 850 crore over 5 years.
• Europe: lower quarterly sales; expect rebound as programs ramp.

Capex and Capacity

• Rs 125 crore investment at Shikrapur; 1.36 lakh sq ft facility.
• SOP expected by Mar 2027; generates about Rs 500 crore annual revenue in 4–5 years.
• Q1 FY27 capex Rs 40 crore; full-year capex guidance Rs 150 crore.
• Rs 70 crore of the Rs 125 crore earmarked for the new facility.
• Pune plant: initial 3,000 tonnes; potential to scale to 7,000 tonnes.

Guidance and Outlook

• FY27: underlying top-line growth guidance 8–10%.
• FY27: EBITDA margins expected to improve by about 1%.
• Capital deployment aligned to customer demand; maintain leverage discipline and cash flow.

Q&A Highlights

• JLR EV: 600 sets/week now; expected to rise from Jan 2027; peak by Q3 CY2026.
• Q1 margin 9.5%; 11.4% est. excluding aluminium; some corrections to pass through later.
• Non-auto: HVAC data-center aluminium housing; first orders; expansion planned.
• Exports ~40% of new business; domestic deemed exports ~30% of exports.
• Capex plan to add more investments; ROCE improving toward mid-teens over time.

Dividend record date

• Final dividend of Rs 3 per equity share; record date 21 September 2026.

Meeting Details

• Date of call: 14 August 2026, after unaudited Q1 results for quarter ended 30 June 2026.
• Type and mode: group audio conference call.
• Event: Analysts Conference Call to discuss unaudited quarterly results.
• Key participant: Chief Financial Officer.
• Availability: audio recording posted on company website.