Competent Automobiles AGM resolutions pass with 99.996% shareholder support
- All five AGM resolutions passed with 99.996% shareholder support
- Promoters voted 100% in favour; public non-institutional participation was low at 0.39%
- Final dividend of ₹1 per share approved alongside FY26 financial statements
- Mrs. Nisha Mehta appointed as Whole Time Director for five years
*this image is generated using AI for illustrative purposes only.
Competent Automobiles reported a modest top-line expansion for FY26, with revenue rising 5.15% to ₹2,250 crore from ₹2,140 crore in the previous year.
The company held its 41st Annual General Meeting on September 18, 2026, via video conferencing. Shareholders approved the audited standalone and consolidated financial statements for the year ended March 31, 2026.
Financial Performance
The firm recorded a profit before tax of ₹31.32 crore, a marginal increase from ₹31.26 crore in FY25. Profit after tax stood at ₹22.72 crore, compared to ₹22.56 crore in the prior year.
| Metric | FY26 | FY25 | Change |
|---|---|---|---|
| Revenue | ₹2,250 crore | ₹2,140 crore | +5.15% |
| Profit Before Tax | ₹31.32 crore | ₹31.26 crore | +0.19% |
| Profit After Tax | ₹22.72 crore | ₹22.56 crore | +0.71% |
Dividend and Governance
The board recommended a final dividend of ₹1 per equity share of face value ₹10 each, representing a 10% payout. Members also approved the re-appointment of Mrs. Kavita Ahuja as a director retiring by rotation.
Additionally, shareholders appointed Mrs. Nisha Mehta as a Whole Time Director effective August 14, 2026, for a five-year term. The statutory auditors issued an unqualified report with no adverse remarks on financial transactions.
AGM Voting Results
The scrutinizer’s report confirmed that all five resolutions put to vote at the 41st AGM were passed with overwhelming support. A total of 46,10,083 votes were cast in favour, representing 99.996% of valid votes, while only 183 votes were cast against (0.004%).
Promoter and promoter group shareholders held 46,04,305 shares and voted 100% in favour of all resolutions via e-voting. Public non-institutional shareholders held 15,41,695 shares, with 5,961 votes polled (0.39% participation). Of these public votes, 96.93% were in favour.
The resolutions covered:
- Adoption of audited standalone and consolidated financial statements for FY26.
- Declaration of final dividend of Re. 1 per equity share.
- Re-appointment of Mrs. Kavita Ahuja as director.
- Appointment of Mrs. Nisha Mehta as director effective August 14, 2026.
- Appointment of Mrs. Nisha Mehta as Whole Time Director for five years.
Historical Stock Returns for Competent Automobiles
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -4.03% | -4.15% | -5.85% | -1.05% | -1.05% | -1.05% |
How will the appointment of Mrs. Nisha Mehta as Whole Time Director influence the company's strategic direction and operational efficiency in FY27?
Given the marginal growth in PAT despite a 5.15% revenue increase, what specific cost-optimization measures is management planning to implement to improve margins?
What is Competent Automobiles' outlook on order book visibility and market demand for automotive components in the upcoming fiscal year?
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