Automotive axles Limited has filed its quarterly confirmation certificate under SEBI regulations for dematerialization activities completed during the quarter ended March 31, 2026. The submission demonstrates the company's adherence to regulatory compliance requirements for securities handling and depository operations.

Regulatory Compliance Certificate

The company submitted its confirmation certificate under Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018 to both BSE Limited and National Stock Exchange of India Limited on April 13, 2026. This certificate covers all dematerialization activities conducted during the fourth quarter of fiscal year 2026.

Dematerialization Process Confirmation

The certificate confirms that all securities received from depository participants for dematerialization during the specified quarter were properly processed. The company has verified that these securities were confirmed to the depositories and that all securities comprised in the certificates have been listed on stock exchanges where previously issued securities are already listed.

Key compliance activities completed include:

• Acceptance or rejection of securities confirmed to depositories
• Proper listing of securities on relevant stock exchanges
• Mutilation and cancellation of physical certificates after verification
• Substitution of depository names in Register of Members within 15 days

Registrar Confirmation

Integrated Registry Management Services Private Limited, serving as the company's Registrar and Share Transfer Agent, provided additional confirmation of compliance activities. The registrar's certificate, dated April 6, 2026, validates that all dematerialization processes were conducted according to regulatory requirements.

Corporate Information

Automotive Axles Limited maintains its registered office and Mysuru unit at Hootagalli Industrial Area, Off Hunsur Road, Mysuru, Karnataka. The company holds various quality certifications including ISO 9001:2015, IATF 16949:2016, EMS ISO 14001:2015, and OHSAS ISO 45001:2018, reflecting its commitment to operational excellence across manufacturing and compliance standards.

The confirmation certificate and related documentation are available on the company's website at www.autoaxle.com , ensuring transparency and accessibility for stakeholders and regulatory authorities.

Automotive Axles has announced its Q3FY26 financial results for the quarter ended December 31, 2025, showing revenue growth alongside strategic leadership appointments. The automotive components manufacturer reported mixed financial performance while implementing key organizational changes to strengthen its management structure. The company also conducted its earnings conference call on February 6, 2026, providing detailed insights into operational performance and market outlook.

Financial Performance Overview

The company's Q3FY26 results demonstrate revenue growth with operational challenges reflected in profitability metrics. An exceptional item related to new labour code implementation significantly impacted the quarter's financial performance.

Revenue Growth and Operational Metrics

Revenue from operations increased to ₹5,622.94 million in Q3FY26 compared to ₹5,307.44 million in Q3FY25, representing growth of ₹315.50 million. Total income reached ₹5,709.22 million versus ₹5,367.66 million in the corresponding previous quarter, driven by both operational revenue growth and higher other income. Sequential quarter revenue growth was 21%, while EBITDA margins improved by 52 basis points quarter-over-quarter.

Exceptional Item Impact

The company recorded an exceptional item of ₹119.87 million during the quarter related to the implementation of new Labour Codes notified by the Government of India. This one-time charge resulted from increased gratuity and leave liabilities arising from changes in employee benefit regulations, significantly affecting the quarter's profitability.

Leadership Appointments

The Board of Directors approved key leadership changes effective February 4, 2026. Mr. Raman K, currently serving as Sr. General Manager - Finance, has been appointed as Interim Chief Financial Officer. He brings 15 years of experience in global organizations across automobile and electronics industries, with expertise in corporate finance, business partnering, and investor relations.

Senior Management Changes

The company announced several changes in its Senior Management Personnel structure:

Earnings Conference Call Highlights

During the February 6, 2026 earnings call, management provided detailed insights into Q3FY26 performance and market outlook. The call was hosted by Batlivala & Karani Securities with key management including Mr. Nagaraja Gargeshwari (President and Whole Time Director), Mr. Raman K (Interim CFO), and Mr. Kishan Kumar (Whole-Time Director, Meritor HVS India).

Market Outlook and Product Portfolio

Management expressed optimism about Q4FY26, expecting industry growth of 5-10% compared to the previous year. The company operates at approximately 80% capacity utilization and confirmed no capacity constraints for meeting current demand. Key product developments include the MS185 axle gaining market traction and new brake technology (394 brake) entering production.

Business Segment Performance

The company's revenue mix comprises approximately 80% from MHCV (Medium and Heavy Commercial Vehicles) segment and 15-25% from exports, defense, and off-highway segments. Management noted that export revenues have faced challenges, contributing to the variance between company growth and overall industry growth rates.

Nine-Month Performance

For the nine months ended December 31, 2025, the company achieved revenue from operations of ₹15,134.30 million compared to ₹15,178.95 million in the corresponding previous period. Net profit for the nine-month period stood at ₹1,104.81 million versus ₹1,096.08 million, showing marginal improvement despite the exceptional item impact.