Goodluck India Ltd

Subsidiary closure

• GLS Steel India Limited, wholly-owned, struck off with effect from 25 August 2026.
• Closure due to non-operation of business; no winding-up disputes cited.
• No material impact on Goodluck India Ltd's operations or financial position.
• No change in shareholding or control of the company.
• Regulation 30 disclosures filed; Annexure A attached.

Bonus issue details

• Allotment of 6,64,77,018 bonus equity shares of Rs 2 at 2:1.
• Record Date for entitlement: 21 August 2026.
• Post-issue paid-up capital increases to Rs 19,94,31,054 across 9,97,15,527 shares.
• Pre-issue capital was Rs 6,64,77,018 across 3,32,38,509 shares.
• Capitalization of Rs 13,29,54,036 from Securities Premium Account.
• Bonus shares issued in demat form; physical holders to demat suspense account until credited.
• Rank pari-passu with existing equity shares.
• Deemed allotment date: 24 August 2026 (T+1).
• Trading on BSE and NSE from 25 August 2026 (T+2).
• Bonus Committee meeting: 08:30–08:50 IST on 24 Aug 2026.

Subsidiary closure

• GLS Engeneering India Limited and GLS Metallics India Limited were struck off effective 19 Aug 2026.
• Closure due to non-operation of business; no material impact on operations or financial position.
• No change in shareholding or control arising from the closure.
• Date of closure: 19 August 2026.
• Nil turnover/revenue contribution from units in the last financial year.

Record Date for Bonus Issue

• Record Date: August 21, 2026 for eligibility to receive bonus equity shares.
• Security type: Equity Shares.
• Purpose: Bonus Issue.
• Ratio: 2:1 (two bonus shares per existing share).
• Deemed allotment date: 24 August 2026 (T+1).
• Trading of bonus shares begins 25 August 2026 (T+2).
• Approval: Bonus Committee resolution passed on August 17, 2026.

Financial Performance

• Standalone revenue: INR 1,205.94 crores; prior Q1: INR 983.29 crores.
• Consolidated total income: INR 1,287.44 crores; prior Q1: INR 983.29 crores.
• Q1 FY27: revenue +31%; EBITDA +46%; PAT +67%; EBITDA margin above 10%.
• EPS: INR 14.94; prior year Q1: INR 12.62.
• Standalone volume: 1,22,718 metric tons; capacity utilization 98%.

Operations & Defence Ramp

• Defence orders: INR 255 crores for 50,000 shells; 10-month execution.
• Defence orders: INR 52 crores for 20,000 shells; 3-month execution.
• DGQA quality certificate for 107 Ready-to-Fill artillery.
• Export footprint: serving customers across 100+ countries; 53% export pipeline growth this quarter.

Defence capacity & Capex

• Defence shell capacity: 150,000 shells per annum currently.
• Expansion plan: 350,000 shells per annum after expansion (4 lakh theoretical; 90% achievable).
• Capex: Defence ~ INR 400 crores; standalone unit ~ INR 100-150 crores.

Guidance & Margin Outlook

• FY27 revenue growth guidance: 15% to 20%.
• Defence EBITDA margin guidance: 30% to 35% (conservative band).
• Defence revenue guidance: previously implied INR 300-350 crores for FY27; expansion delays noted.

Capital Allocation & Timing

• Expansion ramp-up: now expected in H1 FY28; commercialisation in FY28.
• Goodluck Defence IPO target: about 18 months from today, subject to approvals.

Exports & Value-Added Mix

• Exports growth led by US and Europe; pipeline remains healthy.
• Value-added products share ~60% of the mix; GI/Precision tubes ramping up.

Q&A Highlights

• Why not demerge Defence & Aerospace? Listing recommended; shareholders benefit; still under consideration.
• Defence revenue target for FY27 revised to 300-350 crores due to project delay.
• Defence order pipeline: good visibility; depends on advances and approvals.
• Margins: Defence EBITDA guidance 30-35%; overall margin trajectory depends on input costs.

Risks & Watchpoints

• Input-cost volatility due to West Asia tensions; petroleum products and logistics costs impact margins.
• Regulatory approvals and project financing delays can shift timelines.

Meeting Details

• 10th August 2026, 11:30 A.M. IST.
• Group conference call (virtual) with investors and analysts.
• Organiser: Goodluck India Limited.
• Key participant: Company Secretary.
• Purpose: discuss Q1 FY 2027 results for quarter ended 30 June 2026.
• Audio recording of the conference call available on the company's website.

Business Overview

• Core: engineering structures, precision fabrication, forging, and tubes.
• Defence and aerospace subsidiary Goodluck Defence and Aerospace Ltd focusing on artillery shells.
• Total capacity 5,00,000 MTPA across seven plants in two states.
• Shells capacity 150,000 annually; expansion to 400k shells planned.
• Exports to 100+ countries; 600+ customers.

Operational Highlights

• Q1 consolidated revenue Rs 12,922 Mn; EBITDA Rs 1,397 Mn; PAT Rs 672 Mn.
• Volume 122,718 MT; capacity utilization ~98%.
• DGQA certification for 155mm M107 shells.
• Export order for ~14,500 MT transmission line structures worth USD 13.6 Mn.
• Ready-to-Fill shell orders valued Rs 2,550 Mn plus Rs 522 Mn.
• Inaugurated defence facility in Oct 2025; initial capacity 150k shells.
• Capex around INR 5,000 Mn; scale-up to 400k shells within 12–15 months.

Financial Performance

• Total income from operations 12,874.4 Mn; YoY growth 30.9%.
• EBITDA 1,396.6 Mn; EBITDA margin 10.8%.
• Profit after tax 672.2 Mn; net margin 5.2%.
• Interest 304.4 Mn; tax 210.9 Mn.
• Reported EPS 19.13; YoY growth 51.6%.

Strategic Priorities & Outlook

• Strategic focus on high-margin value-added products and Auto/Solar/Railways/Defence.
• Defence footprint expansion and export growth.
• Deleveraging balance sheet.
• Capex for defence facility and scaling shells capacity.
• Order pipeline improves near-term visibility.

Expansion details

• Subsidiary Goodluck Defence and Aerospace Ltd to expand empty shells capacity from 150,000 to 400,000.
• Incremental capacity of 250,000 shells to be added.
• Total investment around Rs 500 crore, financed via equity and debt.
• Completion targeted by September 2027.
• Disclosure under Regulation 30 of SEBI LODR.

Fundraising via equity issue

• Board approved further issue of equity shares to Non-Promoter category via preferential and private placement.
• Raises up to Rs 285 crore at Rs 375 per share, including a Rs 365 per share premium.
• The issuance is subject to the subsidiary's shareholders' approval and other regulatory permissions.