Samkrg Pistons & Rings Ltd

Samkrg Pistons & Rings Limited: Trading window closed from Oct 1, 2026 until the end of 48 hours after declaration of unaudited standalone financial results for the quarter and half year ending Sep 30, 2026

AGM details

• AGM held on 22 September 2026 at 11:00 AM via VC/OAVM.
• Record date for voting was 15 September 2026.
• Meeting lasted about 40 minutes (11:00–11:40 AM).

Resolutions

• Four resolutions were put to vote; subjects are not disclosed in the excerpt.
• All four resolutions were passed per the Scrutinizer report.

Voting process

• E-voting period was 18–21 September 2026 with cutoff on 15 September 2026.
• Scrutinizer's report confirms results and was submitted.

AGM Details

• 40th AGM held on Sep 22, 2026 at 11:00 IST via VC/OAVM.
• Remote e-voting conducted Sep 18–21, 2026, 9:00–17:00 IST.
• Record date for e-voting and dividend: Sep 15, 2026.
• Meeting duration: 11:00–11:40 IST.

Key Resolutions

• Ordinary resolution: Adoption of financial statements, Directors' Report, and Auditors' Report.
• Ordinary resolution: Dividend declaration on equity shares for FY2025-26 at Rs 0.50 per share.
• Ordinary resolution: Appointment/re-appointment of directors by rotation.
• Ordinary resolution: Ratification of remuneration of Cost Auditor for the year.

Voting Results

• Voting results to be declared within two working days after the meeting.

Promoter share transfer within promoter group

• Promoter Kishore Saripalli transferred 303,531 equity shares with voting rights to his son Monish on Sept 1, 2026.
• Promoter holding falls from 2,950,686 shares (30.04%) to 2,647,155 shares (26.95%).
• Total equity share capital remains 9,820,500 shares; transfer is within promoter group.
• Mode of transfer: inter-se transfer between promoters.
• Date of transfer: September 1, 2026.
• Equity stake post-transfer: 2,647,155 shares and 26.95%.
• Acquirer and transferee: promoter Kishore to his son Monish.
• Regulatory disclosure filed under Regulation 29(2) SEBI (SAST) 2011.
• Promoter Kishore is a Wholetime Director; ownership change remains within promoter group.
• Impact: no dilution to public equity; governance unchanged except intra-promoter transfer.

Promoter shareholding update

• Promoter Saripalli Monish acquired 303,531 equity shares with voting rights.
• Acquisition occurred via inter-se transfer from his father Saripalli Kishore.
• Date of acquisition: September 01, 2026.
• Post-acquisition holding: 303,531 shares representing 3.09% of total voting capital.
• Mode: inter-se transfer between promoters.
• Total voting capital remains unchanged at 9,820,500 shares.
• Shares are listed on BSE Limited; disclosure filed under SEBI SAST continual disclosure.
• Intimation to company dated September 02, 2026.

Financial highlights

• Net revenue from operations: 28,566.35 lakh; gross revenue: 35,008.87 lakh.
• PBIDIT: 3,879.06 lakh; PAT after tax: 974.79 lakh.
• EPS Rs 9.93; dividend proposed Rs 0.50 per share.
• Net worth Rs 20,251.76 lakh; debt-equity 0.18x.
• Cash and cash equivalents Rs 342.89 lakh; return on net worth 5%.
• Dividends: Rs 0.50 per share; payout planned.

Business developments

• Expanding Aluminium HPDC capabilities for aluminium cylinder blocks.
• Developing Engine Valves, Connecting Rods, Compressor Pistons.
• Exploring Investment Casting for precision automotive components.
• Investing in automation to improve productivity and quality.

Dividend and capital allocation

• Dividend per share Rs 0.50; dividend % 5%.
• Dividend payout within 30 days of AGM approval.
• 89% of paid-up capital dematerialised.

Debt and liquidity

• Short-term borrowings: Rs 3,660.55 lakh; cash Rs 342.89 lakh.
• Net debt negative Rs 3,317.66 lakh; current ratio 1.73.
• Debt-equity ratio 0.18x; liquidity supported by cash.

Governance & board

• CFO change: Veera Raghavaiah Panchagnula appointed 29-05-2026.
• Former CFO BVenkatesham resigned 28-05-2026.
• Monish Saripalli to be reappointed; board recommends.
• Vetukuri Ramana Raju appointed independent director Aug 11, 2025.
• Nandiniy Vijaykumar resigned May 28, 2025.

Auditors & internal controls

• Statutory auditors: M.V.N Murthy; no qualifications; until 2027.
• Secretarial auditor: VBSS Prasad; MR-3; no qualifications.
• Internal controls robust; regular audits and board oversight.

CSR and sustainability

• CSR spend for 2025-26: Rs 32.18 lakh; 2% of average net profit.
• CSR committee: Kishore (Chairman), Ramana Raju, Sirisha Ramaraju.
• CSR project: Skill Development Center, Andhra Pradesh; Vijayanagaram district.
• FY2024-25 CSR spend: Rs 36.56 lakh.

Outlook and risks

• Long-term automotive component demand remains positive; OEM and export growth.
• Risks: raw material prices, forex, geopolitical, competition.
• Strategy: diversify products; expand HPDC capacity; strengthen OEM relationships.

AGM Details

• Fortieth AGM on Sep 22, 2026 at 11:00 AM IST via VC/OAVM.
• Register of members and share transfer books closed Sep 16–22, 2026.
• Cut-off date for e-voting: Sep 15, 2026.

Resolutions to be voted

• Adopt audited financial statements for year ended 31 March 2026.
• Declare dividend on equity shares for FY2025-26 at Rs 0.50 per share.
• Re-appoint Monish Saripalli as director, retiring by rotation.
• Ratify remuneration of Cost Auditor for 2026-27 at Rs 60,000 plus expenses.

Dividend

• Dividend of Rs 0.50 per equity share proposed.

Director changes

• Shri Saripalli Monish retires by rotation; Board recommends re-appointment.

Auditor / cost auditor

• Cost Auditor remuneration fixed at Rs 60,000 plus out-of-pocket expenses for 2026-27.

Material related party transactions

• No material related party transactions disclosed.

Other material approvals

• Annual listing fee for 2026-27 paid to BSE Ltd.

AGM notice details

• Pre-dispatch notice for 40th AGM to be held on Sep 22, 2026 via VC/OAVM published.
• Newspaper publications: Financial Express (English) and Mana Telangana (Telugu) on Aug 21, 2026.
• E-voting via VC/OAVM with start time and closure details as per notice.

Promoter shareholding change

• Acquirer: promoter Saripalli Karunakar acquired 2,000,000 voting shares (20.36%).
• Mode: Inter-se transfer via transmission of shares cum voting rights to legal heirs; date August 17, 2026.
• Post-acquisition holding: 2,586,971 shares, 26.34% of total voting capital.
• Equity/voting capital unchanged: 9,820,500 shares before and after.
• Regulatory filing: disclosure under SEBI SA&TA Regulations submitted to BSE.