Competent Automobiles Co. Ltd accepts Whole Time Director resignation

Competent Automobiles Co. Ltd has accepted the resignation of Kamal Kant Kumar from the position of Whole Time Director, effective from the close of business hours on July 14, 2026. The resignation was submitted due to personal reasons and circumstances requiring his complete attention. The company acknowledged Kumar's valuable contributions and expressed gratitude for his services during his tenure.

The disclosure was made to BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company confirmed that all necessary statutory and regulatory compliances, including the filing of Form DIR-12 with the Registrar of Companies, will be completed in accordance with the Companies Act, 2013.

Resignation Details

The following table outlines the key particulars regarding the change in directorship:

Particulars	Details
Name of Director	Kamal Kant Kumar (DIN: 11366068)
Designation	Whole Time Director
Reason for Resignation	Personal reasons and circumstances requiring complete attention
Date of Cessation	July 14, 2026
Term of Appointment	Not Applicable

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.27%	-2.37%	+0.41%	-2.36%	-9.50%	+95.21%

Competent Automobiles reported a net profit of ₹22.72 crore for the financial year ended March 31, 2026, a slight increase from ₹22.56 crore in the previous year. Revenue from operations rose to ₹223.91 crore from ₹213.12 crore in FY25. The Board of Directors has recommended a final dividend of ₹1 per equity share, subject to shareholder approval.

For the quarter ended March 31, 2026, the company recorded a net profit of ₹8.39 crore on revenue from operations of ₹55.70 crore. The statutory auditors, Dinesh Mehta & Co., issued an unmodified opinion on the standalone and consolidated financial results. The financial statements were prepared in compliance with the Indian Accounting Standards (Ind AS) and Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company’s total revenue for FY26 stood at ₹225.07 crore, up from ₹214.05 crore in the previous year. Total expenses for the year increased to ₹221.63 crore from ₹210.92 crore. Profit before tax for the year was ₹31.32 crore, compared to ₹31.26 crore in FY25.

Metric	FY26 (₹ in Lacs)	FY25 (₹ in Lacs)
Revenue from Operations	2,23,909.86	2,13,124.33
Total Revenue	2,25,070.67	2,14,047.16
Total Expenses	2,21,632.39	2,10,921.18
Profit Before Tax	3,131.98	3,125.98
Net Profit	2,272.42	2,255.77
Earnings Per Share (Basic)	41.96	36.70

Segment Performance

Revenue from the Showroom segment was ₹208.06 crore for FY26, while the Service & Spares segment contributed ₹15.85 crore. The company reported exceptional items amounting to ₹3.06 crore for the year, primarily due to the impact of new Labour Codes and losses from adverse weather events at its Bahadurgarh and Una operations.

Dividend Declaration

The Board recommended a final dividend of 10%, or ₹1 per equity share of ₹10 each, for FY26. This dividend is subject to the approval of members at the ensuing Annual General Meeting.