Competent Automobiles will hold its 41st Annual General Meeting on September 18, 2026. The event is scheduled for 11:00 am and will be conducted through video conferencing or other audio-visual means.

The company issued a letter to shareholders who have not registered email addresses with the company, its registrar, or depository participants. This dispatch complies with Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Meeting Details

Shareholders can access the annual report for FY26 and the AGM notice via the company website. The cut-off date for updating email addresses to receive electronic communications is September 11, 2026.

Regulatory Compliance

The notice serves as a reminder for physical security holders to update their KYC details as per SEBI Master Circular No. SEBI/HO/MIRSD/POD-1/P/CIR/2024/37 dated May 7, 2024. Shareholders must provide PAN, address with PIN code, mobile number, bank account details, specimen signature, and nomination choice.

Dividends for folios lacking updated KYC details will be paid only through electronic mode effective April 1, 2024. The company urges shareholders to dematerialise physical securities and register email addresses to facilitate online services.

Queries regarding the process should be directed to the Company Secretary at cs@competent-maruti.com . Shareholders are requested to quote their Folio Number or DP ID-Client ID in all communications.

Competent Automobiles Co. Ltd. reported a standalone net profit of ₹227.2 crore for the financial year ended March 31, 2026 (FY26), marking a modest increase of 0.7% from ₹225.6 crore in FY25. The growth was supported by a 5.1% rise in total income to ₹22,507.1 crore and an expansion in vehicle sales volume.

The company sold 32,209 vehicles in FY26, compared to 30,431 units in the previous year. Revenue from operations grew by 5.1% to ₹22,391.0 crore, while profit before depreciation and tax increased by 6.6% to ₹643.1 crore. On a consolidated basis, however, net profit declined by 4.4% to ₹205.6 crore due to higher exceptional items and finance costs associated with its subsidiary operations.

Financial Performance

The financial results highlight steady top-line growth despite margin pressures. Standalone revenue from operations stood at ₹22,391.0 crore, up from ₹21,312.4 crore in FY25. Other income rose by 25.8% to ₹116.1 crore, primarily driven by interest income on fixed deposits and loans to subsidiaries.

Exceptional items impacted the bottom line, with a provision of ₹30.6 crore recognized for leave encashment restructuring under new labour codes. Additionally, insurance claims related to flood damage at the Bahadurgarh stockyard and fire damage at the Una premises resulted in estimated losses of ₹14.8 crore and ₹1.6 crore respectively, classified as exceptional items.

Dividend and AGM Details

The Board of Directors has recommended a final dividend of ₹1 per equity share (face value ₹10) for FY26, subject to shareholder approval at the 41st Annual General Meeting (AGM). This represents a dividend payout ratio of approximately 2.7% of standalone net profits. The total cash outflow for the dividend is estimated at ₹61.5 lakh.

The record date for determining dividend eligibility is fixed for September 11, 2026. The register of members will remain closed from September 12, 2026, to September 18, 2026. The AGM is scheduled to be held via Video Conference on September 18, 2026, at 11:00 am.

Key Personnel Changes

The AGM agenda includes the re-appointment of Mrs. Kavita Ahuja as a Director, who retires by rotation. She holds 37,78,680 equity shares, representing 61.48% of the company’s share capital.

Additionally, shareholders are requested to approve the appointment of Mrs. Nisha Mehta as a Director and Whole-Time Director for a period of five years, effective August 14, 2026. Mrs. Mehta, who has over 26 years of experience in the automobile industry, will receive a monthly salary of ₹1,25,000 along with other facilities. Her appointment aims to strengthen public relations and customer relationship management functions within the organization.