Promoters of ask automotive have confirmed that no encumbrance was created on the company's shares during the financial year 2025-26. The disclosures were submitted to the stock exchanges in compliance with regulatory requirements, providing transparency regarding the holding status of the promoter group.

The declarations were made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares & Takeovers) Regulations, 2011. This regulation mandates that promoters and persons acting in concert must disclose if they have pledged or encumbered any shares of the target company. The filings confirm that the shares remain unencumbered directly and indirectly for the specified period.

Disclosures by Promoters

Kuldip Singh Rathee and Vijay Rathee, identified as promoters of ASK Automotive Limited, submitted their declarations to BSE Limited and the National Stock Exchange of India Limited. They confirmed that neither they nor the members of the promoter group acting in concert had made any encumbrance on the shares during FY26.

Promoter Group Members

Additional members of the promoter group also filed similar confirmations regarding their shareholdings. The following individuals declared that they had not created any encumbrances on their shares during the financial year:

The confirmations were addressed to the stock exchanges to ensure the information was placed on public record. The disclosures indicate that the promoter group's shareholding in ASK Automotive Limited remains free from any pledges or encumbrances as of the financial year 2025-26.

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.