Austin Engineering Company Ltd

AGM Details

• Date: 28 September 2026; Time: 11:00 AM; Mode: physical at registered office.
• Remote e-voting and ballot voting were available at the venue.

Resolutions

• Adopt standalone financial statements for the year ended 31 March 2026.
• Adopt consolidated financial statements for the year ended 31 March 2026.
• Re-appoint Hiren Narottam Vadgama as director, retire by rotation.
• Ratify cost auditor remuneration for FY 2026-27 at Rs 50,000 per annum.

Voting Results

• All resolutions passed by requisite majority; minor dissent noted.

Director Changes

• Director Hiren Narottam Vadgama re-appointed after retirement by rotation.

Auditors

• Cost auditors SAGAR M. KAPADIYA & Company remuneration Rs 50,000 per annum for FY 2026-27.

Dividend & Other Approvals

• No dividend proposed or approved.
• Board empowered to implement remuneration resolution and related actions.

AGM Details

• Date, time and venue: 28 September 2026 at 11:00 am, physical AGM at the registered office.
• Total attendees: 35 members present.
• Electronic voting via CDSL from 25 to 27 September 2026, with ballot voting also offered.
• Scrutinizer appointed: Kaushik Shah, M/s K J Shah & Company.
• All three resolutions were passed by the requisite majority.

Key Resolutions

• Ordinary Resolution 1: Adoption of standalone and consolidated financial statements for the year ended 31 March 2026, passed.
• Ordinary Resolution 2: Re-appointment of Hiren Narottam Vadgama on retirement by rotation, passed.
• Ordinary Resolution 3: Ratification of cost auditor remuneration and board authority to implement, passed.

Austin Engineering Company Ltd: Trading window closed from 1 October 2026 till 48 hours after the declaration of Unaudited financial results for the Quarter ended 30 September 2026.

Financial Highlights (Standalone)

• Revenue from Operations (Standalone): 11,933.61 Lakhs.
• Profit After Tax (Standalone): 444.08 Lakhs.
• Earnings per Share (Standalone): Rs 12.77.
• Export Revenue (Standalone): 6,260.40 Lakhs.
• YoY Revenue Growth (Standalone): 15.95%.
• Dividend: No dividend recommended for FY2025-26.
• Tax expense (Standalone): Current 153.60, Deferred 38.01.
• Total Comprehensive Income (Standalone): 496.50 Lakhs.

Consolidated Performance

• Revenue from Operations (Consolidated): 12,513.23 Lakhs.
• Profit After Tax (Consolidated): 484.43 Lakhs.
• Earnings per Share (Consolidated): Rs 13.93.
• Total Comprehensive Income (Consolidated): 536.86 Lakhs.
• Geography: India 5,673.14 Lakhs; Outside India 6,840.09.
• Consolidated tax expense: 194.89 Lakhs.

Segment & Geography

• Bearing Segment Revenue (Consolidated): 12,659.46 Lakhs.
• Power Segment Revenue (Consolidated): 47.91 Lakhs.
• Total Segment Revenue (Consolidated): 12,707.37 Lakhs.
• Bearing Segment PBT: 657.68 Lakhs; Power PBT: 21.65; Total 679.33.
• Geographic assets: India 9,355.36; Outside India 1,622.57; Total 10,977.93.

Capital & Dividends

• Dividend: Not declared for FY2025-26.
• Share capital: Rs 347.78 Lakhs at year-end.
• ESG/CSR: CSR applicable from FY2026-27; CSR policy approved.

Governance & Audit

• Statutory Auditor: J C Ranpura & Co; Secretarial Auditor: Shahs & Associates.
• Board: 7 Directors; 1 Woman Director.
• Resignation: Jagdishchandra Jagani resigned 20 May 2026; IC reconstituted.
• Audit Committee chaired by I. K. Thanki; multiple Independent Directors.
• AGM: Forty-Eight AGM on 28 Sep 2026; e-voting 25-27 Sep 2026.

Liquidity & Cash Flows

• Standalone cash from operations: 461.96 Lakhs.
• Consolidated cash from operations: 628.43 Lakhs.
• Standalone cash and equivalents: 701.55 Lakhs.
• Consolidated cash and equivalents: 965.58 Lakhs.

Outlook & Risks

• Outlook: India's industrial growth remains resilient; automotive sector robust.
• Risks: raw material cost volatility; energy prices; skilled labour shortages.
• Management focus: cost control, productivity, and export expansion.

AGM details

• AGM scheduled for 28 September 2026 at 11:00 AM at the registered office.
• Book closure from 22 September 2026 to 28 September 2026 (inclusive).
• Cut-off date 18 September 2026 for remote e-voting and AGM participation.

Financial results approved

• Approved standalone and consolidated unaudited quarterly results for quarter ended 30 June 2026 under NDAS.
• Limited Review Report from M/s J.C. Ranpura & Co. accepted.

Minority stake acquisition plan

• Approved proposed acquisition of minority equity stake 15-20% in a foreign private company.
• Cash consideration; terms to be finalized.
• Target name and stake details to be disclosed in Annexure A.
• Acquisition within 6 months; not a related party; no board seat or control rights.
• Strategic presence in European market, potential synergies.

Regulatory disclosures and notes

• Regulatory disclosure under SEBI LODR Regulation 30 included in Annexure.
• Results posted on company and BSE websites.
• No government or regulatory approvals required for the acquisition.
• Wind power facility is captive; Bearing is the sole operating segment.

Audit and reporting remarks

• Audit committee reviewed results on August 9, 2026 and approved by Board on August 11, 2026.
• Unmodified review report issued on unaudited results.