Austin Engineering Company reported a 25.9% increase in standalone net profit to ₹444.08 lakh for FY26, compared to ₹352.67 lakh in the previous year. Revenue from operations grew 15.95% to ₹11,933.61 lakh, supported by higher export volumes.

The Junagadh-based bearing manufacturer decided to retain all profits earned during the financial year to strengthen reserves and support business expansion. Consequently, the Board of Directors did not recommend any dividend payout for FY26.

Financial Performance

The company’s gross profit before interest, depreciation, and tax (PBIT) rose to ₹836.01 lakh from ₹631.09 lakh in FY25. Profit before tax (PBT) increased to ₹638.07 lakh from ₹446.16 lakh, reflecting improved operational efficiency and cost management.

What the Numbers Show

Export sales accounted for 52.46% of total revenue in FY26, up from approximately 55.8% in FY25. While absolute export values grew by nearly ₹518 lakh, domestic sales expanded more sharply, rising from ₹4,385.40 lakh to ₹5,573.33 lakh. This shift indicates a growing reliance on the domestic market to offset slower growth rates in international territories.

Corporate Governance Updates

Mr. Jagdishchandra B. Jagani resigned as an Independent Director effective May 20, 2026, due to personal reasons. Following his exit, Ms. Isha K. Thanki was appointed as the new Chairman of the Audit Committee via a resolution by circulation on the same date. The Board remains compliant with SEBI LODR regulations regarding committee composition.

The company also initiated compliance with Corporate Social Responsibility (CSR) provisions for FY27, having met the net profit criteria under Section 135 of the Companies Act, 2013 during FY26. A CSR policy was approved by the Board on May 27, 2026.

Shareholder Information

The 48th Annual General Meeting is scheduled for September 28, 2026, at 11:00 am at the registered office in Patla, Junagadh. Key agenda items include the adoption of audited standalone and consolidated financial statements for the year ended March 31, 2026, and the re-appointment of Mr. Hiren N. Vadgama as Chairman & Executive Director.

Austin Engineering Company has scheduled its 48th Annual General Meeting (AGM) for Monday, September 28, 2026, at its registered office in Junagadh, Gujarat. The Board of Directors confirmed the date, time, and venue during a meeting held on May 27, 2026, providing shareholders with specific timelines for voting eligibility and share transfer restrictions.

The AGM will commence at 11:00 a.m. at the company’s registered office located at Patla, Ta. Bhesan, Via Ranpur (Sorath), Post Hadmatiya - 362 030, Dist. Junagadh. This procedural announcement ensures shareholders are aware of the logistical details required to participate in the annual governance proceedings.

Key Dates for Shareholders

Shareholders must adhere to strict timelines regarding share transfers and voting rights. The company has defined a six-day book closure period and an earlier cut-off date for determining eligibility for remote e-voting.

Voting Eligibility and Book Closure

To ascertain members entitled for remote e-voting and eligible to participate in the ensuing 48th AGM, the company has fixed Friday, September 18, 2026, as the cut-off date. Shareholders holding shares as of this date will be eligible to cast their votes electronically.

Simultaneously, the company has fixed the book closure dates from Tuesday, September 22, 2026, to Monday, September 28, 2026, both days inclusive. During this period, no transfer of shares or other tradable securities will be registered. This restriction ensures that the register of members remains static, allowing for accurate identification of eligible voters on the record date.

Governance Context

The decision to hold the 48th AGM was taken by the Board of Directors during their meeting on May 27, 2026. The notice was subsequently communicated to BSE Limited by Kiran Shah, Executive Officer Secretarial, on August 11, 2026. Austin Engineering Company Limited, identified by CIN L27259GJ1978PLC003179 and BSE Code 522005, continues to comply with regulatory requirements for shareholder communication and corporate governance procedures.