Pix Transmissions Ltd

Financial results approved

• Unaudited standalone Q1 2026: revenue ₹13,453.20 lakh; PBT ₹6,081.68 lakh; PAT ₹4,828.86 lakh.
• Unaudited consolidated Q1 2026: revenue ₹14,924.76 lakh; PBT ₹6,663.91 lakh; PAT ₹5,274.77 lakh.
• Approval under SEBI LODR Regulation 33 for quarterly results.
• Audit Committee reviewed results; auditors issued unmodified conclusions.
• Results and notes available on BSE/NSE and PixTrans website.

Meeting Details

• Board to meet on Aug 7, 2026; time and venue not disclosed.

Key Agenda Items

• Consider and approve unaudited standalone and consolidated financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closed from July 1, 2026 until 48 hours after results declaration.

Dematerialisation status and listing

• Dematerialisation requests for quarter ended 30 June 2026 were processed and confirmed to depositories.
• Securities dematerialised have been listed on the stock exchanges where earlier issued securities are listed.
• Physical certificates received for dematerialisation were mutilated and cancelled after verification; depositories named as registered owner within timelines.

Overview

• BRSR FY2025-26 filed; report sent to members and posted on the company website.

AGM and record-date details

• AGM scheduled for July 22, 2026 at 09:30 IST.
• Book closure from July 15 to July 22, 2026 (inclusive).
• Record date for dividend entitlement: July 14, 2026.
• Cut-off date for remote e-voting and AGM voting: July 14, 2026.
• Dividend, if declared at AGM, paid to members as of the record date.

Financial performance

• Standalone total income Rs 54.86 crore; PAT Rs 9.21 crore FY26.
• Consolidated total income Rs 60.70 crore; PAT Rs 10.69 crore.
• Standalone revenue declined marginally year-on-year.
• Final dividend recommended Rs 9 per equity share.
• Dividend payable date: on or before Aug 20, 2026.
• Equity share capital Rs 1.362 crore; no new shares issued.
• EPS (basic/diluted) Rs 67.58 for FY26.
• Debt-to-equity: standalone 0.04; consolidated 0.03.
• Unpaid dividend transferred to IEPF; shares transferred after seven years.
• Promoter stake about 62.06% as at 31-03-2026.

Capital structure & liquidity

• Standalone borrowings total Rs 2,354.20 Lakhs as of 31-03-2026.
• Consolidated borrowings Rs 2,422.63 Lakhs; debt-equity 0.03.
• Cash+bank balances around Rs 2.41 crore.
• Dematerialisation: 86.05% NSDL; 12.05% CDSL; 1.90% physical.
• Registrar: MUFG Intime India Private Limited.
• Promoter shareholding around 62.06%.

Operations and geography

• Wholly owned subsidiaries: PIX Middle East FZC, UAE and PIX Transmissions Europe Limited, UK.
• Step-down subsidiaries: PIX Middle East Trading LLC, UAE; PIX Germany GmbH, Germany.
• FY26 consolidated revenue by geography: India Rs 24.90 cr; outside India Rs 32.43 cr.
• Product categories: V-Belts, Timing Belts, Poly-V Belts, Industrial Belts, Special Construction Belts.
• Exports constitute the major revenue share; domestic share moderate.
• Outlook remains positive; focus on exports, efficiency, and R&D.

Governance & risk management

• Board strength: 14 directors; 7 Executive, 7 Independent.
• Dr Abhilasha Hattangdi remains Independent; Thakur Hotchandani joined Sep 2025; Aqueel Mulla retired.
• Board meetings held five times in FY26.
• Audit Committee reconstituted; Sandeep Prajapati appointed Chair.
• Vigil mechanism; whistle-blower policy published on company site.
• Secretarial audit: no qualifications; SEBI penalties paid for certain lapses.
• CEO/CFO certification on financial statements.
• Risk Management Committee monitors risk policy and financial risks.

CSR & ESG highlights

• CSR spend Rs 202.15 Lakh; two percent of average net profit threshold.
• CSR projects: education for blind, medical facility, skill development, hunger eradication.
• CSR policy and Annexure-II disclosed on website.
• Total energy consumption 1.53 crore kWh; energy intensity 0.00289.
• Waste generated around 28.31 MT; includes plastics and other waste streams.
• Water withdrawals about 1.42 million kilolitres; managed per policy.
• No ongoing CSR projects; CSR actions completed during FY26.

Audits & internal controls

• Statutory auditor: SGCO & Co. LLP; Internal auditor: Rodi Dabir & Co.
• Cost auditor: Manisha & Associates; Secretarial auditor: Z. M. Shaikh & Associates.
• Internal financial controls found adequate and effective.
• Secretarial audit: no qualifications; governance compliances observed.

Shareholder information & AGM

• 44th AGM on 22 July 2026 at Nagpur; physical meeting.
• Remote e-voting from 19-21 July 2026; Ballot at AGM possible.
• Dividend Rs 9 per share; payment by 20 August 2026.
• Registers closed 15-22 July 2026 for entitlement to final dividend.
• Demat: 86.05% NSDL; 12.05% CDSL; 1.90% physical.
• Shareholders: 29,013 holders; 13,625,200 equity shares.
• Promoter/promoter group hold approx 62.06% of equity.

AGM details

• AGM on 22 July 2026 at 09:30 IST, physical mode at Nagpur.
• Book closure: 15 July to 22 July 2026.
• Record date for dividend: 14 July 2026.
• Cut-off date for remote e-voting: 14 July 2026.

Dividend

• Board recommends final dividend of Rs 9 per equity share.

Key resolutions

• Item 1 (Ordinary): Receive and adopt standalone and consolidated financial statements with reports.
• Item 2 (Ordinary): Declare final dividend of Rs 9 per share.
• Item 3: Re-appoint Karanpal Sethi who retires by rotation.
• Item 4: Re-appoint Joe Paul who retires by rotation.
• Item 5: Ratify remuneration of Cost Auditor for FY 2026-27; Rs 85,000.

Auditor

• Cost Auditor: M/s Manisha & Associates to be ratified; remuneration Rs 85,000.

Directors

• Karanpal Sethi: Reappointment; on board since 2009; Nil related party status.
• Joe Paul: Reappointment; on board since 2000; brother of Whole Time Director; 0.22% holding.

Related party transactions

• No material related party transactions disclosed.