ask automotive has announced the appointment of Mr. Kumaresh Chandra Misra as an Independent Director on the Board of ASK Automobiles Private Limited, its unlisted material subsidiary. The appointment is effective from May 22, 2026, pursuant to Regulation 30 of the SEBI LODR Regulations.

Mr. Misra brings extensive experience from a distinguished career in the Indian Administrative Service, having served in the Government of India as Joint Secretary in the Ministry of Chemicals and Fertilizers and as Director in the Prime Minister's Office. He has also held significant positions in the Government of Bihar, including Principal Secretary, Department of Energy.

Profile of the Appointee

Mr. Kumaresh Chandra Misra holds a Bachelor's Degree in Arts (Economic Honours) from the University of Delhi and a Bachelor's Degree in Law from Chaudhary Charan Singh University. He also possesses a postgraduate diploma in Business Administration from IIM, Ahmedabad, and a Master's Degree in Arts (Political Economy) from Boston University.

His global assignments include tenures with the United Nations in Nairobi, the Organization for the Prohibition of Chemical Weapons in The Hague, and the United Nations Industrial Development Organization in Vienna. He has also taught at Boston University.

Committee Positions

Mr. Misra currently holds key committee positions at ASK Automotive Limited. He serves as the Chairperson of the Nomination and Remuneration Committee and the Stakeholders Relationship Committee. Additionally, he is a member of the Corporate Social Responsibility Committee and the Risk Management Committee.

The company confirmed that Mr. Misra has no relationship with any of the existing directors of the company and is not debarred from holding the office of director by any SEBI order or other authority.

ASK AUTOMOTIVE LIMITED reported a strong financial performance for the quarter and fiscal year ended March 31, 2026. The company delivered robust growth across key metrics, with consolidated revenue for Q4 FY26 increasing by 35.3% to Rs 11540 million from Rs 8527 million in the same quarter of the previous year. Net profit for the quarter rose by 24.2% to Rs 720 million, compared to Rs 576 million in Q4 FY25. The Board of Directors, in its meeting held on May 19, 2026, approved the audited financial results for the period. Following the announcement, the company released an audio recording of the investors and analysts call held on May 20, 2026, to discuss the audited financial results for the quarter and fiscal year ended March 31, 2026.

Q4 Financial Performance at a Glance

The quarter's results reflect broad-based growth in both profitability and revenue. The following table summarizes the key financial metrics for Q4 on a year-on-year basis:

Revenue and Profitability Growth

ASK Automotive's Q4 total income of Rs 11540 million marks a substantial increase from Rs 8527 million reported in the year-ago period, highlighting strong business expansion. Consolidated net profit for the quarter stood at Rs 720 million, up from Rs 576 million on a year-on-year basis, reflecting improved earnings generation alongside the higher revenue base. The company noted that revenue growth outperformed industry growth, with net revenue growth up 30.0% after excluding the passthrough impact of alloy prices and the strategic reduction of the Wheel Assembly business.

EBITDA and Margin Trends

On the operating front, EBITDA for Q4 grew to Rs 1400 million compared to Rs 1068 million in the corresponding quarter of the previous year, indicating improved absolute operating earnings. However, the EBITDA margin contracted to 12.1% from 12.5% YoY, suggesting that operating costs grew at a relatively faster pace than revenues during the quarter. The margin compression was attributed to the passthrough impact of significant increases in alloy prices; excluding this impact, the company stated that EBITDA percentage would have been higher by 80 basis points.

FY26 Performance Highlights

For the full fiscal year FY26, the company reported a 16.2% increase in consolidated total income to Rs 41962 million from Rs 36127 million in FY25. PAT for the year grew by 20.1% to Rs 2973 million from Rs 2476 million in the previous year. EBITDA for FY26 stood at Rs 5509 million, a 24.1% increase over the previous year's Rs 4438 million, with an EBITDA margin of 13.1%. The company highlighted that margin improvement resulted from higher volume-driven economies of scale and increased capacity utilization at its Karoli and new Bangalore facilities.

Dividend and Corporate Actions

The Board has recommended a final dividend of Rs 1.85 per equity share of the face value of Rs 2 each for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting. The company has fixed July 31, 2026, as the record date to determine the entitlement of members to the final dividend. If approved, the dividend will be paid on or before September 05, 2026.