United Van Der Horst Ltd

AGM Details

• Held on 21 September 2026 at 3:30 PM via VC/OAVM.
• Remote e-voting from 18 to 20 September 2026; AGM voting also provided.

Key Resolutions

• Adopt standalone and consolidated financial statements for year ended Mar 31, 2026 (ordinary).
• Re-appointment of Akshay Ashokan Veliyil as Director, liable to retire by rotation (ordinary).
• Re-appointment of Jagmeet Singh Sabharwal as Chairman and Managing Director for three years (special).
• Approve material related party transactions with related parties (ordinary).

Voting Status

• Voting results pending; results to be announced within 2 working days.
• Scrutinizer appointed for vote tally: M/s AMS and Partners LLP.

Director Changes

• Akshay Ashokan Veliyil re-appointed as Director.
• Jagmeet Singh Sabharwal re-appointed as Chairman and Managing Director.

Financial snapshot

• Revenue from operations (standalone) 3281.54 Lakhs for FY2025-26; up from 3066.27.
• Profit before tax (standalone) 788.92 Lakhs; higher than prior year 586.45.
• Net profit after tax (standalone) 521.85 Lakhs; up from 435.72.
• Consolidated revenue from operations 3281.54 Lakhs; consolidated PAT 523.03 Lakhs.
• Earnings per share (basic/diluted) 0.76; post-split value maintained.
• Interim dividends declared: Rs 1.00 and Rs 0.20 per share; total ~₹206.85 Lakhs.
• Share capital after subdivision: 6,89,37,000 shares; face value Rs 1; authorised Rs 7,00,00,000.
• Record date for subdivision 22 Jan 2026; post-split equity base aligned.
• Debt metrics: net debt ₹3,165.67 Lakhs; debt/equity 59.55%; long-term ₹1,359.64; short-term ₹1,911.74.
• Cash and bank balances ₹105.71 Lakhs; earmarked ₹60.85 Lakhs; net liquidity modest.
• Final dividend for 2025-26 not proposed; prior interim/dividends reflect payout policy.

Operations and segments

• Manufacturing revenue 1,165.48 Lakhs; Reconditioning 2,028.74 Lakhs; total segment revenue 3,194.22.
• Other income 87.32 Lakhs; segment results (PBIT) 1,018.87 Lakhs in unallocated area.
• Geography: India 3,188.73 Lakhs; Outside India 5.49 Lakhs; total 3,194.22.
• Profit before tax by segment: 788.92 Lakhs; tax expense 267.07; net segment profit 521.85.
• Consolidated profit after tax 523.03 Lakhs; earnings per share 0.76.

Capital structure and liquidity

• Total borrowings ₹3,271.38 Lakhs; current portion ₹1,911.74; long-term ₹1,359.64.
• Net debt ₹3,165.67 Lakhs; equity ₹5,316.42; net debt to equity 59.55%.
• Cash/bank balance ₹105.71; earmarked bank balances ₹60.85; liquidity adequate for operations.
• Working capital model emphasizes efficiency; no external capital requirements noted.

Dividends and share capital actions

• Share split: 1 Rs5 share into 5 shares of Rs1; record date 22 Jan 2026.
• Post-split issued capital 6,89,37,000 shares; paid-up share capital ₹689.37 Lakhs.
• Total interim dividends: Rs 1.00 and Rs 0.20 per share; aggregate ~₹206.85 Lakhs.
• No final dividend proposed for FY2025-26; dividends reflect policy choices.

Governance and management

• Board of four; 1 Executive (Jagmeet Sabharwal), 1 Non-Executive (Akshay Veliyil), 2 Independent (Sawant, Khandelwal).
• Jagmeet Sabharwal re-appointed as MD for 3 years from Aug 18, 2026 (subject to approvals).
• Independent directors confirm compliance; board assessed independence per SEBI Act rules.
• Audit Committee: three members; five meetings in FY2025-26; chairperson Sawant.

Related party transactions

• Related parties include Max Spare Ltd and Max Udaan Foundation (associate).
• Revenue from operation with Max Spare Ltd 159.29 Lakhs in FY2025-26.
• Purchase of materials from Max Spare Ltd 300.36 Lakhs; sale 0.33 Lakhs in finance costs with related party.
• Board Audit Committee approvals obtained for related party transactions for 2026-27; ordinary resolution planned.
• Promoter/director holdings: Jagmeet Sabharwal 68.56%; Sheetal Sabharwal 0.73%; Max Spare Ltd 5.66%.

CSR and ESG disclosures

• CSR spend for FY2025-26: ₹7.72 Lakhs; 2% of average net profit (₹7.72 Lakhs).
• CSR activity with Max Udaan Foundation; initiatives disclosed in Annexure D.
• CSR report aligns with Schedule VII; details hosted on company site.

Standalone financials

• Standalone revenue from operations: 915.02 Lakhs; QoQ +54% from 593.86.
• Total income: 920.74 Lakhs; QoQ +50% from 613.61.
• Net profit: 112.42 Lakhs; QoQ +214% from 35.78.
• EPS (Basic/Diluted): 0.16; QoQ +0.11 from 0.05.
• Segment revenue: Manufacturing 385.19; Job work & Reconditioning 520.83; total 915.02.
• Share subdivision approved; paid-up capital increased to 6,89,50,000 shares.

Consolidated financials

• Consolidated total income: 920.74 Lakhs; Net profit: 113.13 Lakhs.
• Consolidated revenue from operations: 915.02; Consolidated EPS: 0.16.

Corporate actions

• Internal Auditor appointed: Ashish Swar & Associates for FY 2026-27.
• CMD re-appointment: Jagmeet Singh Sabharwal for 3 years from 18 Aug 2026.
• Share subdivision approved; paid-up equity increased to 6,89,50,000.

Meeting Details

• Board meeting on 6 August 2026; time and venue not disclosed.

Key Agenda Items

• Consider unaudited standalone and consolidated quarterly results for quarter ended 30 June 2026 with Limited Review Report.

Other Notes

• Trading window closed for designated persons and relatives from 01 July 2026 until 48 hours after results declaration.

Dematerialisation status

• Securities received for dematerialisation during the quarter were confirmed to the depositories.
• Securities dematerialised have been listed on the exchanges where the earlier issued securities are listed.
• Physical certificates were mutilated and cancelled after verification; depository name substituted as registered owner within the timelines.