Promoters of Banco Products (India) Limited have declared that they did not create any encumbrance on their shares during the financial year ended March 31, 2026. The disclosure, submitted to stock exchanges, confirms that neither the promoters nor persons acting in concert pledged shares directly or indirectly in FY26. This filing ensures transparency regarding the holding status of key stakeholders.

The declaration was made by Mehul Kanubhai Patel on behalf of the promoters and persons acting in concert. It was addressed to the Listing Compliance teams of BSE Limited and National Stock Exchange of India Limited, as well as the Audit Committee of Banco Products . The submission was made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

The document clarifies that the disclosure was submitted as an abundant precaution and for good corporate governance practice. The promoters noted that the regulation may not be strictly applicable to them as they have not encumbered their shares previously. However, they chose to file the declaration voluntarily to maintain compliance standards.

Promoters and Persons Acting in Concert

The filing identifies 11 entities as promoters or members of the promoter group. The list includes individual promoters and corporate entities associated with the company.

Banco Products reported its audited consolidated financial results for the financial year ended March 31, 2026, recording a 22.9% year-on-year increase in net profit to ₹48.17B. The company's revenue from operations for FY26 rose to ₹386.74B from ₹318.72B in the previous year. The Board of Directors has recommended a final dividend of ₹8 per equity share, or 400%, subject to shareholder approval. The company published the audited standalone and consolidated financial results in Business Standard and Loksatta Jansatta on May 30, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

For the full year FY26, Banco Products achieved a net profit of ₹48.17B, compared to ₹39.18B in FY25. Revenue from operations grew to ₹386.74B from ₹318.72B year-on-year. The company reported an EBITDA of ₹64.42B for the year, with an EBITDA margin of 16.7%. For the quarter ended March 31, 2026 (Q4), net profit stood at ₹14.74B on revenue of ₹109.11B.

The following table summarises the key consolidated financial metrics for FY26:

Dividend and Board Decisions

The Board recommended a final dividend of ₹8 per share, representing a 400% payout on equity shares of ₹2 each. The record date and book closure dates will be announced later. Additionally, the Board appointed Mr. Sachinkumar Sureshbhai Dalwadi as Company Secretary and Key Managerial Personnel effective May 28, 2026.

Operational Highlights and Exceptional Items

The financial results include exceptional items amounting to ₹21.51M for the year, primarily related to a fire incident at the warehouse of NRF France S.A.S., a step-down subsidiary. The company has estimated an insurance claim of Euro 6.56 Mn and received an interim payment of Euro 2.96 Mn. During Q4, the company recognised a total dividend of ₹16.11B from subsidiaries.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE213C01025/06b4dcef7b354e14.pdf