Auto Pins (India) Limited has accepted the resignation of its Chief Financial Officer, Pradeep Singh Chauhan, effective June 13, 2026. The company disclosed that the resignation was tendered due to other professional commitments, with no material reasons cited beyond this explanation. The change in key managerial personnel was communicated to the Bombay Stock Exchange in accordance with regulatory requirements.

Resignation Details

Pradeep Singh Chauhan submitted his resignation letter dated June 13, 2026, stepping down from the role of Chief Financial Officer (Key Managerial Personnel). The company confirmed that the resignation was accepted and that there are no other material reasons for his departure. The resignation was filed under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with a SEBI circular dated July 13, 2023.

Regulatory Compliance

The company stated that the necessary forms and documents would be filed with the Registrar of Companies, NCT of Delhi and Haryana, and the stock exchange. Somya Chaurasia, the Company Secretary & Compliance Officer, signed the intimation sent to the exchange on behalf of Auto Pins (India) Limited.

Auto Pins (India) Limited reported a net profit of ₹27.16 lakh for the financial year ended March 31, 2026, a decrease of 18.4% from ₹33.29 lakh in the previous year. Revenue from operations declined 20.1% to ₹3710.51 lakh from ₹4642.78 lakh in FY25. The company's Board of Directors approved the audited standalone financial results for the fourth quarter and financial year ended March 31, 2026, on May 28, 2026. These results were subsequently published in the Financial Express and Jansatta newspapers on May 30, 2026, under Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹3.04 lakh, a drop from ₹13.64 lakh in the corresponding quarter of the previous year. Quarterly revenue from operations stood at ₹1077.66 lakh, down from ₹1356.99 lakh in Q4 FY25. Total expenses for the quarter were ₹1075.32 lakh, compared to ₹1339.59 lakh reported in the same period last year. The Board did not recommend any dividend for the financial year.

Sanjay Rawal & Co., Chartered Accountants, the statutory auditors, issued a qualified opinion on the financial results. The qualification relates to Note 5, which states that no provision has been made for leave salary and gratuity of employees as the amount remains unascertained. These benefits are being accounted for at the time of retirement, resignation, or termination, which is not in compliance with the requirements of Ind AS-19 (Employee Benefits). The auditors noted that the consequential impact of this non-compliance is not quantifiable.

The auditors also drew attention to an emphasis of matter regarding a dispute with a debtor over rate differences. An amount of ₹133.46 lakhs has been withheld by the debtor and is currently shown as trade receivables. The company stated it is negotiating with the debtor and hopes to recover the pending amount. Additionally, the company noted that payments to certain suppliers registered under the Micro, Small and Medium Enterprises Development Act, 2006, have been delayed beyond the stipulated 45 days, potentially attracting compound interest, though the amount remains unascertained.

Management assessed the impact of the four new Labour Codes notified by the Government of India on November 21, 2025. It determined that the implementation of these codes does not have any material impact on the financial statements for the year ended March 31, 2026. The company's net worth stood at ₹884.73 lakh as of March 31, 2026, compared to ₹857.57 lakh in the previous year. Earnings per share (EPS) for the year decreased to ₹0.48 from ₹0.58 in FY25.

Financial Performance Summary