Talbros Engineering Ltd

AGM Details

• AGM held Sep 30, 2026 at 11:30 IST via VC/OAVM.

Resolutions and outcomes

• Ordinary: Adoption of Audited Financial Statements for FY2026; Passed.
• Ordinary: Final dividend of Rs 3.00 per equity share; Approved.
• Ordinary: Re-appointment of Mr. Vijay Kumar Sharma by rotation; Passed.
• Special: Re-appointment of Shashi Khurana as Non-Executive Independent Director for five-year term; Passed.
• Ordinary: Remuneration of Statutory Auditors for FY2026-27; Approved.
• Special: Increase in Borrowing Limit under section 180(1)(c); Approved.
• Special: Provide security for borrowings under section 180(1)(a); Approved.

AGM details

• AGM held on 30 September 2026; conducted virtually.

Financial performance FY2025-26

• Revenue from operations: Rs. 536 crores, up ~20.18% YoY.
• Net profit after tax: Rs. 29.16 crores, up from Rs. 20.17 crores.
• Exports turnover (FOB): Rs. 141 crores, up from Rs. 73 crores.

Footprint and expansion

• Installed capacity: 4 million axles shafts per annum.
• Footprint: 7 plants in Faridabad NCR on 20 acres.
• Acquired building in Madhya Pradesh; setting up a new manufacturing unit.

Dividend policy

• Dividend payout maintained; exact amount not disclosed in speech.

CSR and outlook

• CSR initiatives include education, healthcare, hunger relief, and animal welfare.
• Theme: Empowering People and Enabling Success.
• Outlook: focus on innovation, sustainability, and responsible growth amid automotive transformation.

AGM details

• AGM held on 30 Sep 2026 at 11:30 IST via VC/OAVM.
• Voting rights cut-off date: 23 Sep 2026; remote e-voting 27–29 Sep 2026.
• Meeting concluded at 11:57 IST; 45 members attended.

Key resolutions

• Adopt audited financial statements for FY2025-26.
• Declare final dividend of Rs 3.00 per share (30%).
• Re-appoint Vijay Kumar Sharma, retiring by rotation.
• Re-appoint Shashi Khurana as Non-Executive Independent Director for second term (from May 23, 2027).
• Revise remuneration of Statutory Auditors for FY2026-27.
• Increase borrowing limit under section 180(1)(c).
• Provide security for borrowings under section 180(1)(a).

Voting outcomes

• All resolutions passed with requisite majority; no dissent reported.

Re-appointment of Independent Director

• Change type: Re-appointment as Non-Executive and Independent Director.
• Subject: Mrs. Shashi Khurana, Non-Executive and Independent Director.
• Effective from May 23, 2027 to May 22, 2032; five-year term.
• Reason: second tenure approved; not liable to retire by rotation.
• Profile: 58-year-old graduate with 15+ years in operations and administration.
• Relationships: NIL with other directors or KMP.
• Not debarred by SEBI or other authorities.

Talbros Engineering Limited – Trading Window Closed from Oct 01, 2026 till 48 hours after the declaration of Un-Audited Financial Results for the quarter and half year ended Sept 30, 2026.

AGM Details

• AGM date/time: 30 September 2026 at 11:30 a.m. via VC/OAVM.
• Deemed venue: Registered Office, Faridabad.
• Mode: Video Conferencing/OAVM.
• Record date for final dividend: 23 September 2026.
• Dividend payout: on or before 29 October 2026.
• EVoting window: 27 Sep 2026 to 29 Sep 2026.

Dividend

• Final dividend: Rs 3.00 per equity share (30%).

Key Resolutions

• Ordinary: Adopt audited financial statements and auditors’ report for year ended 31 March 2026.
• Ordinary: Declare final dividend for FY2025-26 (Rs 3.00 per share).
• Ordinary: Appoint Vijay Kumar Sharma as Director (retiring by rotation, eligible for re-appointment).
• Special: Re-appoint Shashi Khurana as Independent Director for second term (2027–2032).
• Ordinary: Remuneration for M/s Rakesh Raj & Associates raised to Rs 11,00,000.
• Special: Increase borrowing limit to Rs 200 crore; borrowings beyond paid-up capital and free reserves.
• Special: Create charges on assets to secure borrowings.

Director Changes

• Vijay Kumar Sharma retires by rotation; re-appointment proposed.
• Shashi Khurana re-appointed as Independent Director for second term (2027–2032).

Financial performance

• Revenue from operations ₹53,576 Lakh, up 20.18% YoY.
• PAT ₹2,916 Lakh; up from ₹2,017 Lakh.
• EPS ₹57.34; Basic and Diluted.
• EBITDA ₹64 Crore.
• Export ₹14,569 Lakh; Domestic ₹37,178.73 Lakh.
• Final dividend ₹3.00 per share recommended.

Production & capacity

• Installed capacity 2.94 million axle shafts per annum.
• Actual production FY26: 2,983,898 axle shafts.
• Domestic SUV market share 90%; HCV 30%; Tractors/Off-Highway 5%.
• Expansion into Madhya Pradesh with 8–10 acre unit.
• Domestic sales ₹37,178.73 Lakh; export ₹14,569.43 Lakh.

Dividends & capital allocation

• Final dividend ₹3.00 per share recommended.
• Unpaid dividends/shares transferred to IEPF: ₹2,42,475; 6,684 shares.
• Paid-up capital unchanged at ₹507.65 Lakh.

Debt & liquidity

• Total borrowings as of 31 Mar 2026: ₹14,779 Lakh.
• Long-term ₹6,012.31 Lakh; short-term ₹8,766.84 Lakh.
• Current ratio 3.60; debt-equity 0.41.
• Cash and cash equivalents ₹29.11 Lakh.
• Internal audit: GRAB resigned; new firm Bansal Harshit appointed Jan 1, 2026.
• Statutory audit: Rakesh Raj & Associates; unmodified opinion.

Governance & leadership

• Sumit Kumar Sachdeva appointed Non-Executive Independent Director from 1-Apr-2026; Audit Committee Chair.
• Kuldeep Singh Bhalla ceased Independent Director on 31-Mar-2026.
• Kajal Gupta appointed Company Secretary from 1-Sep-2025.
• Vijay Kumar Sharma reappointed Executive Director from 1-Oct-2025.
• Ankush Jindal continues as Executive Director.
• Secretarial Auditor: Anuj Gupta & Associates appointed for 2025-30.

CSR & ESG

• CSR spend ₹58.63 Lakh; 2% obligation ₹58.99 Lakh.
• CSR policy revised; Education, Healthcare, Hunger, Animal Welfare.
• Talbros Charitable Trust supports needy.
• Impact assessment not applicable.

Risks & outlook

• Geopolitical tensions and commodity price volatility pose risks.
• FX volatility and supply chain disruptions loom.
• EV transition and R&D demand ongoing.
• Domestic and export markets remain growth opportunities.