Smiths & Founders (India) Ltd

Meeting Details

• Board meeting on Friday, 24 July 2026, at the Registered Office.

Key Agenda Items

• Board to consider and approve Unaudited financial results for quarter ended June 30, 2026.

Other Notes

• Trading window closure periods not specified in the filing.

Dematerialisation processing and listing status

• Dematerialisation requests received during the quarter were processed; securities were confirmed to depositories as accepted or rejected.
• Dematerialised securities have been listed on the stock exchanges where the original securities are listed.
• Certificates dematerialised were mutilated and cancelled after verification; depository name substituted as registered owner within 15 days.

AGM notice dispatch

• Dispatched letters with web link to AGM notice and Annual Report 2025-26.

Access to documents and registration

• Notice and Annual Report accessible on company website and BSE portal.
• To register email, contact DP for electronic shares or RTA for physical shares.

E-voting and dividends

• AGM on July 24, 2026 at 10:00 AM IST via VC/OAVM.
• E-voting window: July 21–23, 2026; cut-off July 17, 2026.
• Dividend payments require Folio/Demat KYC compliance.

Financial results

• Revenue from operations: 1398.01 lakhs; up 5.79% YoY.
• Total income: 1402.57 lakhs.
• Net profit after tax: 141.41 lakhs; includes exceptional 92.62 write-back.
• Tax expense: 48.25 lakhs.
• EPS: 0.13; prior year 0.10.
• Dividend not proposed due to carried-forward losses.

Operational performance

• Sales increased 5.79% due to higher volumes.
• Material costs: 643.57 lakhs; 45.89% of revenue.
• Employee benefits expense: 384.58 lakhs; 27.42%.
• Finance costs: 1.83 lakhs; lower due to reduced borrowings.
• Total expenses: 1310.64 lakhs; 93.45% of revenue.

Capital and market data

• Paid-up capital: Rs 10.1996 crore.
• No equity issues or stock options.
• 48% of shares dematerialised.
• Market cap: Rs 51.2 crore as of 31 Mar 2026.
• EPS: Rs 0.13; prior year Rs 0.10.

Governance and board

• Board of five; Sundar appointed 31 Jul 2025; Hemachandra retired 30 Aug 2025.
• Board meetings: six; Hemachandra attended 2 of 5.
• Audit Committee: five meetings; Sundar joined 31 Jul 2025; Hemachandra until 30 Aug 2025.
• Remuneration policy Annexure-B; MD remuneration Rs 21.62 Lakhs.

Strategic developments

• Merger with SKF Elixer India approved June 10, 2026; subject to approvals.
• MOA alteration to enable corporate restructuring; Special Resolution.
• Scheme pending shareholder, NCLT, regulatory approvals.

Audit and internal controls

• Statutory auditors: SNR & Company; no qualification.
• Secretarial auditors: K N Nagesha Rao; no qualification.
• Internal financial controls: adequate and operating effectively.

Outlook and risks

• Auto forgings market grew 5.79% in 2025-26; drivers include volumes and efficiency.
• Risks: steel prices, electricity tariffs, EV policy shifts.

Board resolutions

• Continue Suresh Shastry as Chairman and MD beyond age 70, subject to AGM approval.
• Alter MOA to add Clause 3(B)(43) for corporate restructuring.
• 35th AGM to be held on 24 July 2026 via video conferencing.

Key Developments

• Board approved continuation of Mr. Suresh Shastry as Chairman and MD, subject to AGM approval.
• MOA amended to enable corporate restructuring through Clause 3(B)(43).
• 35th AGM scheduled for 24 July 2026 at 10:00 AM via video conferencing.

Book closure details

• Book closure from 18 July 2026 to 24 July 2026 (inclusive) for AGM.
• Purpose: 35th Annual General Meeting.
• Dividend: no dividend proposed for year ended 31 March 2026.
• Security: Equity shares; Scrip code 513418.