Munjal Showa Ltd

AGM Details

• Date and time: August 24, 2026 at 11:00 A.M. IST.
• Mode: VC/OAVM with remote e-voting.
• Record date: August 17, 2026.

Key Resolutions and Outcomes

• Resolution 1 (Ordinary): Adopt Audited Financial Statements for FY ended March 31, 2026; passed.
• Resolution 2 (Ordinary): Final dividend on equity shares approved for FY 2025-26.
• Resolution 3 (Ordinary): Re-appointment of Neeraj Munjal by rotation; passed.
• Resolution 4 (Ordinary): Re-appointment of Tetsuya Katsumata by rotation; passed.
• Resolution 5 (Special): Re-appointment of Yogesh Chander Munjal as Chairman & Managing Director; passed.

Director Changes

• Neeraj Munjal re-appointed as Director (rotational).
• Tetsuya Katsumata re-appointed as Director (rotational).
• Yogesh Chander Munjal re-appointed as CMD.

AGM Details

• AGM held on 24 August 2026 at 11:00 A.M. via VC/OAVM.
• Remote e-voting conducted Aug 21–23, 2026; results to be announced within two working days.
• 101 members attended via VC.

Resolutions Presented

• Ordinary: adopt Audited Financial Statements for year ended March 31, 2026.
• Ordinary: approve and declare final dividend for FY 2025-26.
• Ordinary: re-appoint Neeraj Munjal on rotation.
• Ordinary: re-appoint Tetsuya Katsumata on rotation.
• Special: re-appoint Yogesh Chander Munjal as Chairman & MD.

Voting Status

• Results to be announced within two working days after AGM.
• Results to be displayed on notice board and on company/exchange websites.
• Scrutinizer appointed for fair counting.

Dividend

• Final dividend proposed; amount per share not disclosed.

Directors & Management Changes

• Neeraj Munjal to be re-appointed; retires by rotation.
• Tetsuya Katsumata to be re-appointed; retires by rotation.
• Yogesh Chander Munjal to continue as Chairman & MD.

Auditors

• No changes in statutory or secretarial auditors announced.

Material Related Party Transactions

• No material related party transactions disclosed.

Other Material Approvals

• No other material approvals reported.

AGM & AR update

• 41st AGM of Munjal Showa scheduled for 24 August 2026 via VC/OAVM.
• Annual Report FY2025-26 accessible online at munjalshowa.net and stock-exchange portals.
• Record date for final dividend fixed at 5 August 2026.
• Book closure from 6 to 24 August 2026 (inclusive).
• Voting cut-off date for eligibility: 17 August 2026.
• e-Voting window opens 21 August 2026 (9:00 AM) and ends 23 August (5:00 PM).
• Dividend payment date expected on or before 23 September 2026, subject to approval.
• Shareholders without registered emails can access AGM notice and AR via provided links.
• Reminder to update KYC details and register email for online services.

Financial snapshot

• Revenue from operations ₹131,542.15 lakh; domestic ₹131,521.42 lakh, overseas ₹20.73 lakh.
• PBT ₹2,957.75 lakh; PAT ₹2,187.17 lakh; EPS ₹5.47.
• Final dividend ₹4.50 per share; payout 225% of par; record date 5 Aug 2026.
• EPS ₹5.47; Book value ₹169.52 per share; paid-up capital ₹799.93 lakh.
• Cash and cash equivalents ₹98.08 lakh; no long-term debt.

Dividend & shareholder matters

• Unpaid dividend transferred to IEPF; 13,473 shares transferred.
• Promoter holdings: Dayanand Munjal Investments 40.10%; Hitachi Astemo 24.90%.
• Dematerialisation: NSDL 85.65%; CDSL 13.76%; Physical 0.58%.
• Paid-up share capital ₹799.93 lakh across 3.9995 crore shares.

Governance & board changes

• Kazuhiro Nishioka ceased as Non-Executive Director on 8 Apr 2025.
• Yogesh Chander Munjal reappointed as MD for five years from 1 Sep 2026.
• Abhaya Shankar joined as Non-Executive Independent Director on 26 May 2025.
• Neeraj Munjal and Tetsuya Katsumata appointed as Non-Executive Directors on 26 May 2025.
• Ravinder Sharma appointed Company Secretary from 14 Nov 2025.
• Board size eight; Independent Directors four; Audit Committee reconstituted on 4 Aug 2025.

Audit, risk & internal controls

• Statutory auditors: Deloitte Haskins & Sells LLP; term to 2027 AGM.
• Internal auditor: Vaish & Associates; Secretarial auditor: AKU & Associates.
• No material audit qualifications; ROC imposed ₹16,000 penalty for MR-2 delay (paid).
• UPSI logging gaps flagged; management strengthening SDD; corrective steps underway.
• CEO/CFO certification issued confirming financial statements integrity.

CSR & sustainability

• CSR expenditure ₹74.12 lakh; 2% average net profit ₹72.43 lakh; excess ₹1.69 lakh carried forward.
• CSR projects cover education and health; Punjab Mahatma Satyanand Munjal Clinic ₹12.19 lakh.
• Excess CSR carried forward ₹7.59 lakh; unspent balance ₹5.90 lakh.
• CSR policy and projects disclosed on company website.

Industry outlook & risk

• Industry context: EV shift, localisation, PLI and PM E-DRIVE support growth.
• Exports momentum: auto component exports targeted at US$70-100 billion by 2030.
• Domestic demand remains robust; focus on TPM, Lean, in-house automation and R&D for EVs.

Capital structure & liquidity

• Equity share capital ₹799.93 lakh; total equity ₹67,802.71 lakh.
• No debt; promoters and cash reserves underpin liquidity; cash at year-end ₹98.08 lakh.

AGM Details

• 41st AGM on 24 August 2026 at 11:00 IST via VC/OAVM.
• Register of Members and share transfer books closed Aug 6–24, 2026.
• Dividend record date fixed Aug 5, 2026.

Ordinary Business

• Adopt Audited Financial Statements for the year ended March 31, 2026.
• Declare final dividend of INR 4.50 per equity share.
• Re-appoint Neeraj Munjal as Director, retiring by rotation.
• Re-appoint Tetsuya Katsumata as Director, retiring by rotation.

Special Business

• Re-appoint Yogesh Chander Munjal as Chairman & MD for a five-year term from Sept 2026 to Aug 2031.
• Remuneration terms include minimum remuneration if profits are inadequate.

Meeting Details

• Date of board meeting: August 03, 2026; time and venue not disclosed.

Key Agenda Items

• Approval of Un-Audited Financial Results for the quarter ended June 30, 2026.
• Presentation of Limited Review Report by Deloitte Haskins & Sells LLP.

Other Notes

• Trading window closed July 01, 2026 to August 05, 2026 for designated persons.
• Directors, KMPs and designated employees instructed not to trade during closure period.

MD appointment approval

• MCA approved Hitoshi Fukagawa as Managing Director (Joint MD) for five years (May 29, 2024–May 28, 2029).
• Approval references earlier disclosure; Annexure A contains the prior update.
• ROC Haryana condoned the delay via adjudication order dated May 21, 2026.
• MCA letter No. SRN AB0120636/2024-CL-VII dated July 14, 2026 granted approval under Section 196, Schedule V.
• The appointment matter is concluded.
• No litigation or regulatory proceedings involving KMPs or promoters reported.

Dematerialisation status

• Dematerialisation requests processed within 15 days; securities listed on stock exchanges.
• Physical certificates for dematerialisation mutilated and cancelled; depository's name substituted as registered owner.