Omax Autos Ltd

Omax Autos Limited: Closure of Trading Window from October 01, 2026 till the expiry of 48 hours after the declaration of Un-Audited financial results for the quarter and half year ended September 30, 2026.

AGM Details

• Date and time: 29 August 2026 at 11:00 AM; mode: VC/OAVM.

Key Resolutions

• Adopt Audited Financial Statements for year ended 31 March 2026 — passed (ordinary).
• Declare dividend on equity shares for year ended 31 March 2026 — passed (ordinary).
• Re-appointment of Nikhel Kochhar as Director; retires by rotation — passed (ordinary).
• Re-appointment of Tavinder Singh Gh as Director; remuneration approved — passed (ordinary).
• Ratify remuneration of M/s JSN & Co., Cost Auditors for 2026-27 — passed (special).
• Re-appointment of Tavinder Singh Gh as Whole-Time Director; remuneration approved — passed (ordinary).
• Appoint Nipun Khurana as Independent Director — passed (ordinary).
• Revise remuneration of Devashish Mehta as Managing Director — passed (special).

Dividend

• Dividend declared on equity shares for FY2025-26.

Director changes

• Nikhel Kochhar re-appointed as Director (retiring by rotation).
• Tavinder Singh Gh re-appointed as Whole-Time Director; remuneration approved.
• Nipun Khurana appointed as Independent Director.
• Devashish Mehta remuneration revised as Managing Director.

Auditor Remuneration

• Remuneration of Cost Auditors JSN & Co. ratified for FY 2026-27.

Material Related Party Transactions

• No material related party transactions approved.

AGM Details

• AGM held 29 August 2026 at 11:00 AM via VC/OAVM; concluded 12:05 PM.
• 90 members attended via VC/OAVM; directors and KMP attended.

Resolutions

• Adoption of audited financial statements for FY ended 31 March 2026; Ordinary – outcome not disclosed.
• Dividend declaration on equity shares for FY 2025-26; Ordinary – outcome not disclosed.
• To appoint Nikhel Kochhar as Director on rotation; Ordinary – outcome not disclosed.
• To appoint Tavinder Singh as Director on rotation; Special (Ordinary); outcome not disclosed.
• To ratify remuneration of JSN & Co., Cost Auditors for FY 2026-27; Ordinary – outcome not disclosed.
• Re-appointment of Tavinder Singh as Whole-Time Director; remuneration approved; Special.
• Re-appointment of Nipun Khurana as Independent Director; Special.
• Revision in remuneration of Devashish Mehta, Managing Director; Special.

AGM & Annual Report notice

• 43rd AGM scheduled for Aug 29, 2026 at 11:00 IST via VC/OAVM.
• Annual Report 2025-26 available online at https://www.omaxauto.com/Annual-Reports.aspx.
• Cut-off date for non-registered email IDs: July 24, 2026.
• Reminder to update KYC and dematerialise physical securities per SEBI Circular 2024/37.
• Physical-holding folios lacking PAN or contact details become ineligible for electronic payments from Apr 1, 2024.
• Queries/requests via MUFG Intime India helpdesk: link and phone 810-811-6767.
• Email update optional but encouraged to receive important information.

Headline & Outlook

• FY26 revenue from operations ₹484.5 crore; total income ₹520 crore.
• EBITDA margin expanded to 17.6%.
• PAT ₹37.04 crore; EPS ₹17.32.
• Total fund-based debt declined about one-third; net-cash status achieved.
• Interim dividend paid; final dividend recommended.
• Total dividend approximately ₹10.69 crore.

Financial performance

• Revenue from operations ₹484.5 crore; ~31% YoY growth.
• EBITDA (excl. other income) ₹49.68 crore; margin 10.3%.
• PAT after tax ₹37.04 crore; up ~72% YoY.
• EPS ₹17.32; basic and diluted.

Balance sheet & cash flow

• Net worth rose to ₹347 crore.
• Total borrowings declined to ₹47 crore.
• Cash and investments around ₹110 crore; net cash position.
• Debt-to-equity ratio 0.18x; ROCE 16%.
• Operating cash flow positive; deleveraging progressed.

Capital allocation & dividends

• Deleveraging: ~₹24 crore repaid; ~₹10 crore cleared after year.
• Capex disciplined at ~₹4 crore funded from internal accruals.
• Interim dividend paid; final dividend recommended.
• Treasury investments increased; net treasury position improved.

Operations & capacity

• Three plants: Gurgaon head office; Lucknow Long Member; Chinhat frame.
• Long Member Plant commissioned 2021; Railway Plant 2022.
• 31% revenue growth driven by higher GVW content.
• Anchor customer Tata Motors; other customers Indian Railways, VE, Montra Electric.

Governance & board

• Board of nine; independent directors in majority.
• Tavinder Singh reappointed as Whole-Time Director for one year.
• Nipun Khurana reappointed as Independent Director for five years.
• Sakshi Kaura stepped down as MD; remains Non-Executive Director.
• 43rd AGM on 29 Aug 2026 via VC/OAVM.
• Auditors: BGJC; Secretarial: DR Associates; no adverse remarks.

ESG & CSR

• CSR nil in 2025-26; CSR Committee formed on 27 Jan 2026.
• CSR obligation for 2026-27: ₹45 Lakhs.
• Solar panels (~700) and windmill; energy intensity declined.

Risks & outlook

• FY27 outlook remains constructive with CV double-digit growth; bus segment growth.
• Key risks: raw material cost volatility; EV transition; regulatory costs; geopolitics.
• Management aims to sustain operating margins and dividend payouts.

AGM Details

• AGM date/time: 29 August 2026 at 11:00 IST via VC/OAVM.
• Deemed venue: registered office of the company.
• Record date for dividend and voting: 21 August 2026.
• Remote e-voting window: 26 Aug 2026 09:00 to 28 Aug 2026 17:00 IST.

Dividend

• Dividend proposed: Rs 2.50 per equity share; payable within 30 days of declaration.

Ordinary Resolutions

• Adopt Audited Financial Statements and board reports.
• Declare dividend for the year.
• Re-appoint director retiring by rotation.
• Re-appoint another director retiring by rotation.

Special Resolutions

• Ratify remuneration of JSN & Co., Cost Auditors for 2026-27.
• Re-appoint Whole-Time Director with remuneration up to Rs 85 lakh per annum.
• Re-appoint Independent Director for five-year term.
• Revise Managing Director remuneration to up to Rs 1.95 crore per annum.