Disa India Limited shareholders have formally approved all six resolutions put forward at its 41st Annual General Meeting (AGM) held on August 12, 2026. The company filed the voting results and scrutinizer’s report with the BSE on August 13, 2026, confirming that the final dividend of ₹200 per equity share and the reappointment of Managing Director Lokesh Saxena received near-unanimous support.

The voting process saw a total of 12,09,502 votes polled out of 14,54,205 shares held by shareholders on the record date of August 5, 2026. This represents a polling percentage of 83.17% of outstanding shares. Of the 4,973 shareholders on record, 35 members attended the meeting via video conferencing, comprising two promoters and 33 public shareholders.

Voting Results Breakdown

The promoter group, holding 10,88,056 shares (approximately 74.8% of the total equity), voted in favor of all resolutions except for the related-party transaction approval, where they abstained as required by regulations. Institutional investors, holding 1,20,993 shares, also voted unanimously in favor of all applicable resolutions. Non-institutional public shareholders participated minimally, casting just 1,162 votes across most resolutions.

Note: For the related-party transaction resolution, the promoter group abstained from voting as per regulatory requirements.

Key Resolutions Confirmed

The scrutinizer’s report, signed by Nagendra D. Rao, confirmed that all ordinary and special resolutions were passed with the requisite majority under Section 96 of the Companies Act, 2013. The key outcomes include:

• Dividend Approval: The final dividend of ₹200 per equity share (2000% on face value of ₹10) for FY26 was approved.
• Leadership Continuity: Lokesh Saxena was reappointed as MD & CEO for a three-year term from June 21, 2026, to June 20, 2029.
• Board Composition: Ms. Ulla Hartvig Plathe Tønnesen was reappointed as a Director after retiring by rotation.
• Related-Party Transactions: Material related-party transactions for FY27 with DISA Industries A/S, Denmark, were approved by non-promoter shareholders.

Scrutinizer’s Report Details

Nagendra D. Rao, appointed as scrutinizer on May 19, 2026, conducted the vote count in the presence of two independent witnesses. The remote e-voting window was open from August 7, 2026, at 9:00 am to August 11, 2026, at 5:00 pm. No invalid votes were recorded for any category of shareholders. The meeting commenced at 2:30 pm and concluded at 3:14 pm IST, with a quorum present throughout.

Disa India Limited reported a standalone net profit of ₹106.9 million for the quarter ended June 30, 2026, marking a 18.7% decline from ₹131.5 million in the same quarter of the previous year. Revenue from operations fell 14.3% year-on-year to ₹871.6 million, reflecting softer demand in its core foundry machinery segment. The Board of Directors approved the unaudited financial results on August 12, 2026, alongside a resolution to shift the company’s registered office within Bengaluru.

The consolidated net profit for the quarter was ₹105.8 million, compared to ₹130.4 million in Q1FY26. Total income on a consolidated basis amounted to ₹905.6 million, down from ₹1,058.5 million previously. Statutory auditors S.R. Batliboi & Associates LLP issued limited review reports on both standalone and consolidated results, confirming compliance with Ind AS 34 and SEBI Listing Regulations.

Key Financial Metrics

Note: QoQ changes calculated against preceding quarter ended March 31, 2026.

Operational Highlights

Employee benefit expenses rose to ₹120.9 million in the standalone statement, up from ₹101.3 million in the preceding quarter. This increase was partly offset by a reduction in inventory buildup, which showed a decrease of ₹79.3 million compared to ₹85.6 million earlier. Finance costs remained minimal at ₹2.7 million. The order backlog as of June 30, 2026, stood at ₹2,760 million, providing visibility into future revenue streams.

In FY26, the company had recognized an exceptional item of ₹35.1 million related to increased gratuity and leave liabilities under the new Labour Codes notified by the Government of India in November 2025. No such exceptional items were recorded in Q1FY27. The subsidiary, Bhadra Castalloy Private Limited, reported a net loss of ₹1.1 million for the quarter.

What the Numbers Show

The divergence between revenue decline and relatively stable expense levels indicates margin pressure in the current quarter. While revenue dropped 14.3% year-on-year, total expenses decreased only 13.0%, suggesting fixed cost rigidity. The rise in employee benefits expense, despite lower top-line growth, points to potential structural cost increases that may impact profitability trends in subsequent quarters unless operational efficiencies improve.

Corporate Actions

The Board approved changing the registered office address from Unit No. S-604 on the 6th Floor to Unit No. S-1602A on the 16th Floor at Brigade Gateway Campus, Bengaluru. The change takes effect from September 15, 2026. The move remains within the local limits of Bengaluru and does not affect the company’s operational footprint or manufacturing facility in Tumkur.