Indef Manufacturing Ltd

Indef Manufacturing Limited closes trading window from October 01, 2026 till end of 48 (forty eight) hours after the announcement of unaudited financial results for the quarter and half year ending September 30, 2026.

AGM details

• Date: 12 August 2026; Time: 5:00 p.m. IST; Mode: VC/OAVM; voting cut-off: 5 Aug 2026.

Key resolutions

• Item 1: Adopt audited standalone and consolidated financial statements for FY2026.
• Item 2: Declare final dividend of Rs 2 per share.
• Item 3: Re-appointment of Shri Vandan Sitaram Shah (retiring by rotation).
• Item 4: Continuation of Chairman as Non-Executive Non-Independent Director after age 75.
• Item 5: Ratify Cost Auditor remuneration of Rs 75,000.
• Item 6: Appoint Ms. Pooja Bajaj as Non-Executive Non-Independent Director.
• Item 7: Appoint Shri Mahendrakumar Gohel as Non-Executive Independent Director.

Voting results

• Item 1 passed with 99.9977% assent.
• Item 2 passed with 99.9977% assent.
• Item 3 passed with 99.9977% assent.
• Item 4 passed with 99.9977% assent.
• Item 5 passed with 99.9977% assent.
• Item 6 passed with 99.9977% assent.
• Item 7 passed with 99.9977% assent.

Dividend

• Final dividend of Rs 2 per equity share approved.

Director changes

• Shri Vandan Sitaram Shah re-appointed.
• Ms. Pooja Bajaj appointed as Non-Executive Non-Independent Director.
• Shri Mahendrakumar Gohel appointed as Non-Executive Independent Director.
• Shri Shekhar Bajaj to continue as Chairman and Non-Executive Non-Independent Director post-75.

Cost auditor remuneration

• Remuneration for Cost Auditor approved at Rs 75,000.

AGM Details

• Date and time: August 12, 2026, 05:00 PM IST.
• Mode: Video Conferencing / OAVM.
• Record date for e-voting: August 5, 2026.
• Remote e-voting: Aug 9–11, 2026, 09:00–17:00 IST.
• Quorum was present.

Key Resolutions

• Ordinary: Adopt audited standalone and consolidated financial statements; outcome to be announced.
• Ordinary: Declare final dividend of Rs 2 per equity share; outcome pending.
• Ordinary: Re-appoint Shri Vandan Shah by rotation; outcome pending.
• Special: Continue Shri Shekhar Bajaj as Chairman and Non-Executive Non-Independent Director beyond age 75; outcome pending.
• Ordinary: Ratify remuneration of Cost Auditors for FY ending March 31, 2027; outcome pending.
• Ordinary: Appoint Ms. Pooja Bajaj as Director; outcome pending.
• Special: Appoint Shri Mahendrakumar Gohel as Non-Executive Independent Director; outcome pending.

Dividend

• Final dividend proposed at Rs 2 per equity share.

Director & Governance Changes

• Shri Vandan Shah re-appointed by rotation.
• Ms. Pooja Bajaj appointed as Director.
• Shri Mahendrakumar Gohel appointed as Non-Executive Independent Director.
• Continuation of Shri Shekhar Bajaj as Chairman and Non-Executive Non-Independent Director beyond age 75 approved.

Auditor Update

• No change to statutory or secretarial auditors; reports had no adverse remarks.

Financial highlights

• Standalone Q1 FY27 total income: ₹3,737.10 lakhs.
• Standalone Q1 FY27 revenue from operations: ₹2,823.70 lakhs.
• Consolidated Q1 total income: ₹4,323.00 lakhs.
• Consolidated Q1 revenue from operations: ₹3,446.31 lakhs.
• Standalone PBT: ₹672.68 lakhs.
• Consolidated PBT: ₹628.32 lakhs.
• Standalone PAT: ₹583.82 lakhs; Consolidated PAT: ₹550.20 lakhs.
• Standalone EPS (not annualised): ₹1.82.
• Single reportable segment: Material Handling Equipment.
• Board approved unaudited standalone and consolidated results; limited review by Kanu Doshi Associates LLP.

Meeting Details

• Board meeting on Wed, Aug 12, 2026; time and venue not disclosed.

Key Agenda Items

• Approval of unaudited standalone and consolidated Q1 ended June 30, 2026 results.

Other Notes

• Trading window closed for connected/designated persons from July 1, 2026 to Aug 14, 2026.

Financials

• Standalone revenue from operations: 19,566.98 lakhs, up 10.73% YoY.
• Consolidated revenue: 21,587.84; Consolidated PAT: 2,339.39.
• Standalone EBITDA: 3,449.60; prior year 4,763.11.
• Final dividend Rs 2 per share for FY2025-26, subject to AGM approval.
• Operating cash flows: standalone 3,170.17; consolidated 2,352.12.

Subsidiaries & acquisitions

• Daedalus Lift & Access Equipments Private Limited acquired 80% stake; Rs 5.08 crore; control from Aug 22, 2025.
• Consolidated Swift Industries Limited became 100% subsidiary since Sept 6, 2024.
• Hercules Hoists Limited demerged into Indef; 1:1 share exchange; Oct 14, 2024; IML investment canceled.

Governance & board

• Shri Shekhar Bajaj age 77; Special Resolution to continue as Chairman beyond age 75.
• Ms. Pooja Bajaj appointed Additional Director from May 25, 2026; to be Non-Executive Director.
• Mr. Mahendrakumar Gohel appointed Non-Executive Independent Director for five years (May 25, 2026–May 24, 2031).
• Remuneration of Rs 75,000 for Cost Auditor ratified.

Dividend & AGM details

• AGM scheduled Aug 12, 2026 via VC/OAVM; final dividend Rs 2 per share, subject to approval.
• Record date Aug 5, 2026; Register closure Aug 6–12.
• Remote e-voting window Aug 9–11, 2026; InstaVote/MUFG Intime platforms.
• No proxies allowed for VC AGM.

CSR & ESG

• CSR expenditure Rs 25,24,605; unspent Rs 17,24,477 transferred to Unspent CSR Account.
• CSR policy available on company website.

Corrigendum scope

• Omissions corrected were non-material; no changes to standalone/consolidated financials.
• Directors' Report corrected Sexual Harassment disclosures and Maternity Benefit compliance.
• MD&A disclosures aligned with final report.
• No impact on financial statements.

Outlook & risks

• Long-term growth via SWIFT and Daedalus; MEA expansion; digital transformation.
• Macro risks include policy shifts, geopolitics, commodity prices, supply chains.
• GDP grew 7.7% in FY2025-26; infrastructure spending supports demand.

Audit & controls

• Internal controls robust; Deloitte Touche Tohmatsu India LLP engaged.
• Secretarial audit by S N Ananthasubramanian & Co; no material qualifications.
• Independent auditors Kanu Doshi Associates LLP; no qualifications.
• Form AOC-1 and Annexure reports attached.

AGM details

• AGM date/time: 12 August 2026 at 5:00 PM IST, held via VC/OAVM.
• Deemed venue: registered office.
• Registered office address: Bajaj Bhawan, Nariman Point, Mumbai.
• Book closure: 6–12 August 2026 (inclusive).
• Remote e-voting window: 9–11 August 2026.
• Notice and Annual Report available on company website and stock exchanges.
• Proxy facility not available for VC/OAVM AGM.

Resolutions

• Resolution 1: Adoption of standalone and consolidated financial statements (Ordinary).
• Resolution 2: Declaration of final dividend of Rs 2 per share (Ordinary).
• Resolution 3: Re-appointment of retiring director (Ordinary).
• Resolution 4: Continuation of Shri Shekhar Bajaj as Chairman and Non-Executive Non-Independent Director (Special).
• Resolution 5: Ratification of remuneration payable to Cost Auditor (Ordinary).
• Resolution 6: Appointment of Ms. Pooja Bajaj as Director (Ordinary).
• Resolution 7: Appointment of Shri Mahendrakumar Gohel as Non-Executive Independent Director (Special).

Other AGM rights / process

• E-voting period: Aug 9–11, 2026; voting at AGM via e-voting platform.
• Attendance at VC/OAVM counts toward quorum; physical attendance not required.
• Notice/Annual Report available electronically; physical copies on request.

Dematerialisation processing and listing status

• Securities received for dematerialisation were processed and confirmed to depositories, with listing on stock exchanges.
• Physical certificates for dematerialisation were mutilated and cancelled after verification; depository name substituted as registered owner within timelines.