Crown Lifters Limited promoters have confirmed that they hold 78,60,000 equity shares as of March 31, 2026, and have not created any encumbrance on these shares during the financial year ended March 31, 2026. The declaration was submitted by Karim Kamruddin Jaria, a promoter, on behalf of all promoters and Persons Acting in Concert (PAC) to the National Stock Exchange India Limited.

The disclosure was made in compliance with Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The regulation requires promoters to declare whether any shares held by them have been encumbered during the financial year.

The statement of shareholding details the distribution of shares among the promoters. Karim Kamruddin Jaria holds the majority stake with 52,40,000 shares, representing 45.21% of the total. Nizar Nooruddin Rajwani holds 26,20,000 shares, accounting for 22.61% of the shareholding.

Promoter Shareholding Details

The declaration was addressed to the Listing Department of the National Stock Exchange and copied to the Audit Committee of Crown Lifters Limited. The confirmation of no encumbrance provides clarity regarding the free status of the promoter holdings.

Crown Lifters Limited has filed its audited standalone financial results for the fourth quarter and financial year ended March 31, 2026, with the National Stock Exchange of India. The filing was made pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, following a board meeting held on May 14, 2026. The statutory auditors, Vishwas & Associates, Chartered Accountants (FRN: 143500W), issued an unmodified opinion on the standalone financial results, as confirmed by the Chief Financial Officer, Mr. Nizar Nooruddin Rajwani.

Financial Performance

The company reported total income from operations of ₹4,251.26 lakhs for the full year, compared to ₹3,696.07 lakhs in the previous year. Revenue from operations stood at ₹3,971.91 lakhs against ₹3,503.45 lakhs in the prior year. Net profit for the year came in at ₹887.10 lakhs, compared to ₹1,898.01 lakhs in the previous year. The prior year's net profit included exceptional items of ₹1,236.60 lakhs, primarily related to a change in depreciation accounting policy and a reversal of excess depreciation of ₹1,267.54 lakhs. Profit from operations before exceptional items stood at ₹1,193.35 lakhs versus ₹1,310.94 lakhs in the prior year.

The following table summarises the key financial results for the quarter and year ended March 31, 2026 (₹ in Lakhs):

Balance Sheet Highlights

As at March 31, 2026, Crown Lifters reported total assets of ₹21,457.99 lakhs, up from ₹17,921.66 lakhs in the previous year. Total equity stood at ₹7,737.83 lakhs, comprising equity share capital of ₹1,159.00 lakhs and other equity of ₹6,578.83 lakhs. Property, plant and equipment increased to ₹14,544.50 lakhs from ₹12,405.00 lakhs, reflecting continued capital investment. Total borrowings (current and non-current) stood at ₹5,676.70 lakhs as at March 31, 2026.

Cash Flow Summary

For the year ended March 31, 2026, net cash generated from operating activities was ₹948.80 lakhs, compared to ₹4,094.63 lakhs in the prior year. Net cash used in investing activities was ₹2,250.57 lakhs, primarily on account of purchase of property, plant and equipment worth ₹2,972.72 lakhs. Net cash from financing activities stood at ₹1,198.23 lakhs. Cash and cash equivalents at the end of the year were ₹15.41 lakhs, compared to ₹118.95 lakhs at the beginning of the year.

Board Decisions and Internal Auditor Appointment

During the board meeting, the directors approved transactions with related parties entered into as per Section 188 of the Companies Act, 2013. The board also approved the re-appointment of M/s. Mehul N Mehta & Associates, Chartered Accountants, as the Internal Auditor of the company for the financial year 2026–27. The re-appointment of Mehul Mehta is effective from May 14, 2026. The disclosure was provided in accordance with Regulation 30 of the SEBI Listing Regulations and the relevant SEBI Master Circular.

Accounting Notes

The financial results were prepared in accordance with Indian Accounting Standards (IND-AS) as prescribed under Section 133 of the Companies Act, 2013. During the audit for the current financial year, the company carried out a comprehensive review of its lease arrangements in accordance with IND AS 116 – Leases. Consequently, in Q4 of the financial year, the company recognised a reversal of rent expense amounting to ₹47.18 lakhs, representing the corrective impact from the proper application of IND AS 116. This reversal reflects the reclassification of lease-related costs from 'Other Expenses' to depreciation on Right-of-Use (ROU) assets and finance costs on lease liabilities. Accordingly, 'Other Expenses' for the current period appear lower compared to the previous period, solely on account of this accounting adjustment and not a reduction in actual operational expenditure.