Atul Auto reported total sales of 4,104 units in September, compared to 3,503 units in the same month a year ago, marking a 17.16% YoY improvement in volumes.

Sales performance overview

The month-on-month sales data reflects a pickup in unit dispatches for the three-wheeler manufacturer. The following table summarises the YoY comparison for September total sales:

Segment-wise breakdown

A detailed breakdown reveals that the growth was primarily driven by internal combustion (IC) engine vehicles. Domestic IC engine sales surged 28.07% YoY to 2,920 units, while domestic electric vehicle (EV) sales rose 15.20% to 796 units. Including exports, total IC engine sales grew 17.64% to 3,308 units, and total EV sales remained at 796 units.

Year-to-date trends

For the fiscal year-to-date (FY26-27), Atul Auto has sold 21,794 units in total, a significant increase from 16,178 units in the corresponding period of FY25-26, representing a 34.71% YoY growth. The IC engine segment continues to dominate the growth trajectory with a 45.14% YoY rise in YTD sales, whereas EV sales have remained largely flat with a marginal 0.32% increase.

Atul Auto Limited held its 38th Annual General Meeting on September 18, 2026. Shareholders approved ordinary and special resolutions, including the re-appointment of directors and a proposal to lease the company’s manufacturing facility in Rajkot.

The meeting commenced at 3:30 pm via video conference and concluded at 4:13 pm. Neeraj Chandra, Managing Director, chaired the proceedings. Mrs. Honey Sethi, Independent Director, assumed the chair for the re-appointment of Mr. Neeraj J. Chandra, who retired by rotation.

Voting Results and Scrutinizer Report

The consolidated scrutinizer’s report, filed with BSE and NSE on September 22, 2026, confirmed that all eight resolutions were passed. The voting process included remote e-voting from September 15 to September 17, 2026, and e-voting during the meeting.

Ordinary Business Outcomes

Shareholders overwhelmingly supported routine business items. The adoption of standalone and consolidated financial statements for FY26 received 99.99% support. The declaration of the final dividend for FY25-26 was also approved with a similar margin.

Special Business and Related Party Transactions

The special resolution to lease the manufacturing unit in Shapar, Rajkot, passed with 99.9964% votes in favour. The re-appointment of Gurudeo Madhukar Yadwadkar as Independent Director also secured near-unanimous approval.

The ordinary resolution regarding material related party transactions with Khushbu Auto saw slightly lower participation but still passed comfortably. Notably, promoter group members abstained from voting on this item as they are interested parties. Invalid votes for this resolution accounted for 5,802,017 shares.

Governance and Compliance

The meeting adhered to the Companies Act, 2013, and relevant circulars from the Ministry of Corporate Affairs and SEBI. Paras Viramgama, Company Secretary and Compliance Officer, facilitated the regulatory aspects and e-voting process.

CA Kapil Sanghvi of M/s. Maharishi & Co served as the statutory auditor. Mr. Hardik Hudda acted as the secretarial auditor and scrutinizer for the e-voting process. The scrutinizer’s report and voting results have been communicated to the exchanges in compliance with Regulation 44(3) of SEBI (LODR) Regulations, 2015.