Aaron Industries Limited has announced its audited standalone financial results for the quarter and year ended March 31, 2026, as approved by its Board of Directors at their meeting held on May 16, 2026. The board meeting commenced at 11:30 A.M. and concluded at 12:05 P.M. at the company's registered office at B-65 & 66, Jawahar Road No.4, Udhyog Nagar, Udhana, Surat. The results were prepared in accordance with Indian Accounting Standards (Ind AS) under Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory auditor, M/s. D C Jariwala & Co., Chartered Accountants (FRN: 104063W), issued an audit report with an unmodified opinion on the standalone financial results.

Financial Performance Overview

The company recorded revenue from operations of ₹9200.50 lakhs for the full year, compared to ₹7793.05 lakhs in the previous year. Total income for the year stood at ₹9220.71 lakhs against ₹7815.03 lakhs in the prior year. Net profit for the year came in at ₹679.74 lakhs, compared to ₹824.32 lakhs in the previous year. Total comprehensive income for the year was ₹683.93 lakhs versus ₹823.44 lakhs previously. The following table summarises the key financial metrics:

The key expense components for FY26 included cost of materials consumed at ₹6370.73 lakhs, employee benefits expense at ₹824.44 lakhs, depreciation and amortisation at ₹387.92 lakhs, financial costs at ₹258.86 lakhs, and other expenses at ₹768.63 lakhs. During the quarter ended September 30, 2025, the company issued bonus shares in the ratio of 1:1 — one fully paid-up bonus equity share of ₹10/- each for every one existing fully paid-up equity share of ₹10/- each. Accordingly, earnings per share for all periods have been restated and adjusted in accordance with Ind AS-33.

Segment-wise Performance

Aaron Industries operates through two primary business segments: the Elevator Division and the Steel Polishing Division. The Elevator Division remained the dominant revenue contributor, while the Steel Polishing Division reported a segment loss for the year. The segment-wise revenue, results, assets, and liabilities are presented below:

As at March 31, 2026, total segment assets for the Elevator Division stood at ₹5417.06 lakhs and for the Steel Polishing Division at ₹3430.88 lakhs, with unallocated assets of ₹269.90 lakhs. Segment liabilities for the Elevator Division were ₹1872.33 lakhs and for the Steel Polishing Division were ₹709.84 lakhs. The Stainless Steel Polishing and Finishing Division also undertook internal jobwork for the Elevator Division at Udhana. As the inter-segment transfer of semi-finished goods from the Stainless Steel Division to the Elevator Division is done on a challan basis and has not yet been properly measured, the same has not been included in segment reporting as inter-segment revenue.

Balance Sheet and Cash Flow Highlights

As at March 31, 2026, total assets stood at ₹9117.84 lakhs compared to ₹8282.42 lakhs in the previous year. Total equity increased to ₹4861.22 lakhs from ₹4302.97 lakhs. Property, Plant and Equipment increased significantly to ₹5528.41 lakhs from ₹2481.72 lakhs, while Capital Work-in-Progress of ₹3252.16 lakhs in the previous year was fully capitalised. Key balance sheet and cash flow figures are summarised below:

The company's net cash changes for FY26 stood at (11.94) lakhs, with cash and cash equivalents opening at ₹13.09 lakhs and closing at ₹1.15 lakhs. Non-current borrowings declined to ₹1185.27 lakhs from ₹1807.95 lakhs, reflecting repayment of long-term debt during the year.

Dividend Declaration and Compliance

The Board of Directors recommended a final dividend at the rate of 5%, i.e., ₹0.50 per equity share of face value ₹10/- each for the financial year 2025-26, subject to the approval of members at the ensuing Annual General Meeting. The paid-up equity share capital as at March 31, 2026, stood at ₹2094.65 lakhs. The declaration regarding the unmodified audit opinion was submitted by Monish Doshi, Director and Chief Financial Officer (DIN: 06690246), pursuant to Regulation 33(3)(d) of SEBI (LODR) Regulations, 2015. The complete audited standalone financial results, along with the Auditor's Report, are available on the company's website at www.aaronindustries.net and on the National Stock Exchange of India Limited's website at www.nseindia.com . The results were signed on behalf of the Board by Karan Doshi, Whole-Time Director (DIN: 06690242), and the intimation was submitted by Nitinkumar Maniya, Company Secretary and Compliance Officer.

Aaron Industries Limited's promoters and promoter group have submitted a formal declaration confirming no encumbrance of shares during the financial year 2025-26. The disclosure was made to the National Stock Exchange of India Limited on April 03, 2026, in accordance with regulatory requirements.

Regulatory Compliance Declaration

Amar Chinubhai Doshi, Promoter and Managing Director of Aaron Industries Limited, submitted the declaration pursuant to Regulation 31(4) of SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The declaration specifically states that promoters and promoter group members have not made any encumbrance of shares, either directly or indirectly held, during the financial year 2025-26.

Promoter Group Structure

The company's promoter and promoter group structure comprises 27 entities, including individual promoters and promoter group members. The structure includes six direct promoters and 21 promoter group entities.

Key Promoter Details

The promoter structure includes the Doshi family members in leadership positions:

• Amar Chinubhai Doshi: Promoter and Managing Director
• Karan Amar Doshi: Promoter
• Monish Amar Doshi: Promoter
• Radhika Amar Doshi: Promoter
• Toral Karan Doshi: Promoter
• Bhoomi Doshi: Promoter

Promoter Group Entities

The promoter group encompasses various Hindu Undivided Families (HUFs), extended family members, and business entities including Moti Electromec LLP and Moti Industries. This comprehensive structure reflects the family-controlled nature of the company's ownership.

Regulatory Significance

This declaration ensures transparency in share ownership and compliance with SEBI regulations governing substantial acquisitions and takeovers. The formal submission to the stock exchange maintains regulatory adherence and provides clarity to investors regarding the promoter group's shareholding status during the specified financial year.