Bharat Gears Limited has invested ₹1,27,39,980 to acquire a 29.55% stake in Hexa Energy HR5 Private Limited, a move aimed at procuring solar power for its Faridabad and Mumbra units. The investment comprises 13,134 equity shares with a face value of ₹10 each, issued at a price of ₹970 per share. The shares were allotted on June 02, 2026, with the company receiving intimation of the allotment on June 03, 2026.

The strategic investment is intended to meet requirements under applicable Electricity Laws and follows a Power Purchase Agreement dated November 20, 2025. By securing solar power through this Special Purpose Vehicle (SPV), Bharat Gears aims to curtail power costs at its Faridabad and Mumbra manufacturing facilities.

Hexa Energy HR5 Private Limited, incorporated on December 24, 2024, is engaged in generating, producing, and transmitting electricity through renewable energy sources in India. The entity is promoted by Hexa Climate Solutions Private Limited and operates in Haryana. The filing confirms that Hexa Energy HR5 Private Limited and its promoter are not related to Bharat Gears' promoter group or group companies.

The transaction was conducted as a cash consideration and does not constitute a related party transaction. No governmental or regulatory approvals were required for the acquisition. As a newly incorporated entity, Hexa Energy HR5 Private Limited reported nil revenue from operations for the last three financial years.

Investment Details

Bharat Gears Limited reported a significant turnaround in profitability for the financial year ended March 31, 2026, with net profit after tax rising to ₹1,650.41 lakhs compared to ₹318.81 lakhs in the previous year. Revenue from operations for the year surged to ₹78,417.48 lakhs, up from ₹64,753.19 lakhs in the prior year. The Board of Directors has recommended a final dividend of ₹1 per share, subject to shareholder approval at the ensuing Annual General Meeting. The audited financial results were approved by the Board at its meeting held on May 30, 2026, with Statutory Auditors M/s Deloitte Haskins & Sells LLP issuing an audit report with an unmodified opinion.

Financial Performance

Bharat Gears delivered a strong full-year performance, with profit before tax (after exceptional items) reaching ₹2,201.88 lakhs in FY26, compared to ₹393.40 lakhs in FY25. Total Comprehensive Income for FY26 stood at ₹1,830.01 lakhs, against ₹228.97 lakhs in the previous year. Earnings per share (EPS) on a basic and diluted basis improved to ₹10.75 for FY26 from ₹2.08 in FY25. The following table summarises the key financial metrics:

Quarterly Performance

For the quarter ended March 31, 2026, Bharat Gears reported total income from operations of ₹21,028.80 lakhs, compared to ₹17,486.48 lakhs in the corresponding quarter of the previous year. Profit after tax for the quarter stood at ₹506.72 lakhs, against ₹171.33 lakhs in Q4 FY25. EPS for the quarter was ₹3.30 on a basic and diluted basis (not annualised). The quarterly figures are balancing figures between the audited full-year results and the unaudited year-to-date figures up to December for the respective years.

*Not annualised

Regulatory Filing and Publication

Pursuant to Regulation 30 and 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, Bharat Gears published the audited financial results for the quarter and year ended March 31, 2026 in "Financial Express" (English) and "Jansatta" (Hindi) on May 31, 2026. The company informed stock exchanges that the intimation could not be filed within the prescribed time due to a weekly off. The full format of the financial results is available on the NSE and BSE websites, as well as on the company's website. The regulatory filing was signed by Prashant Khattry, Corporate Head (Legal) and Company Secretary, on behalf of the Board of Directors. The results were signed by Chairman & Managing Director Surinder Paul Kanwar.