Enkei Wheels (India) Limited has filed its Annual Report 2025 for the financial year ended December 31, 2025, providing comprehensive insights into the company's performance and strategic direction.

Company Overview and Operations

Established in 2009, Enkei Wheels (India) Limited operates as a prominent manufacturer of aluminium alloy wheels for two-wheelers and four-wheelers in India. The company forms part of the globally acclaimed Enkei Group, bringing over 70 years of expertise in manufacturing aluminium alloy wheels for the automotive sector.

Production Capacity and Infrastructure

The company operates a modern manufacturing unit at Pune, leveraging advanced equipment and technologies used by the Enkei Group. The facility demonstrates significant production capabilities across different product categories.

Market Position and Performance

According to the Society of Indian Automobile Manufacturers (SIAM) announcement made on January 13, 2026, automobile sales in 2025 reached 5.517 million units, representing a 5.5% increase from the previous year. This marked the fifth consecutive year of positive growth in the automotive sector.

Two-Wheeler Market Performance

The two-wheeler segment showed resilience with sales reaching 20.5 million units, a 4.9% increase from the previous year. Total production volume reached 25.479 million units, an 8.1% increase from the previous year, while export volume reached 4.939 million units, a 24.2% increase from the previous year.

Four-Wheeler Market Developments

In the passenger vehicle segment, both passenger vehicles (4.489 million units) and commercial vehicles (1.028 million units) recorded their highest-ever figures on a calendar-year basis. The UV category, which the company primarily supplies, increased by 7.4% from the previous year.

Strategic Developments and Capacity Expansion

A notable milestone in 2025 was the launch of operations at MAP2, which can produce four-wheel wheels up to 20 inches. This capital investment was made to manufacture 18/19-inch wheels for Suzuki's first EV model, the e-Vitara.

Production Capacity Enhancement

The production facility expansion project titled "Preparations For Our Future (PFF)" was fully completed in 2025. The renovation of the MAP2 plant was completed, and mass production commenced in April, establishing a production capacity of 140,000 units per month across five plants.

Financial Highlights and Corporate Information

The company is listed on the Bombay Stock Exchange (BSE) with the stock code 533477. As of December 31, 2025, the company had a market capitalisation of ₹ 8,783.43 million.

Board Composition

The company's board includes experienced directors from various backgrounds:

• Mr. Kenjiro Hama - Managing Director
• Mr. Junichi Suzuki - Non-Executive Director
• Mr. Makoto Miura - Alternate Director
• Mr. Shailendrajit Rai - Non-Executive Director
• Mr. Ratanlal Goel - Independent & Non-Executive Director
• Mr. Satchidanand Ranade - Independent & Non-Executive Director

Corporate Social Responsibility

The company has implemented meaningful corporate social responsibility initiatives to support society and local communities. The CSR programmes focus on education development and community support, demonstrating the company's commitment to responsible growth.

Future Outlook and Strategic Direction

For 2026, the company plans to install a machining sub-line to fully leverage the casting capacity of the MAC5 and MAP plants. Additionally, investments in automated deburring systems are planned to enhance productivity and improve quality. These initiatives aim to strengthen competitive differentiation and drive further sales growth.

The Enkei Group's Action Guideline for FY 2026 is "One Step Forward Again," focusing on addressing stagnation within the group, promoting change, evolution, and growth, and ultimately achieving sales expansion.

Enkei wheels (India) Limited successfully conducted its 17th Annual General Meeting on April 16, 2026, at the company's registered office located at Gat No. 1425, Village Shikrapur, Taluka Shirur, District Pune. Following the meeting, the company disclosed comprehensive voting results showing unanimous shareholder approval for all proposed resolutions.

Meeting Overview and Attendance

The AGM commenced at 12.30 p.m. with Mr. Ratanlal Goel serving as the elected Chairman of the meeting. The Company Secretary confirmed the presence of requisite quorum and called the meeting to order. Five directors of the company attended the AGM, including the Chairman of the Audit Committee, Chairman of Nomination and Remuneration Committee, and Chairman of Stakeholder Committee.

Notably, Mr. Junichi Suzuki, Director, and Mr. Makoto Miura, Alternate Director, were unable to attend due to other commitments. Both statutory auditor and secretarial auditor of the company participated in the meeting.

Voting Results and Shareholder Participation

The company disclosed detailed voting results on April 17, 2026, pursuant to Regulation 44(3) of SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. Ms. Snehal Phirange, Company Secretary, was appointed as scrutinizer to oversee the voting process.

Resolution-wise Approval Details

All four agenda items received unanimous approval from shareholders, with 100% votes cast in favor of each resolution:

Ordinary Business Resolutions

Resolution 1: Adoption of Audited Financial Statements for Financial Year ended December 31, 2025, and Reports of Board of Directors and Auditors received 14620291 votes in favor with zero opposition.

Resolution 2: Re-appointment of Mr. Junichi Suzuki (DIN: 02628162) as Director, retiring by rotation, also secured 14620291 votes in favor with complete shareholder support.

Special Business Resolutions

Resolution 3: Increase in Borrowing Limits under Section 180(1)(C) of Companies Act, 2013, passed with 14620291 votes in favor, demonstrating strong shareholder confidence in the company's expansion plans.

Resolution 4: Creation of Charges on Movable and Immovable Properties under Section 180(1)(A) of Companies Act, 2013, received identical unanimous support with 14620291 votes in favor.

Voting Mechanisms and Compliance

The company provided shareholders with dual voting options in accordance with Section 108 of the Companies Act, 2013 and Regulation 44 of SEBI regulations. Remote e-voting was facilitated through National Securities Depositories Limited (NSDL) platform from 9.00 a.m. on Monday, April 13, 2026, ending at 5.00 p.m. on Wednesday, April 15, 2026. Additionally, members present at the AGM venue who had not voted electronically could cast their votes through physical ballot papers.

The scrutinizer submitted the consolidated report on April 17, 2026, confirming that all resolutions were deemed passed on the AGM date. The company has filed the proceedings with BSE Limited under Regulation 30 of SEBI regulations, with Company Secretary Sourav Chowdhury signing the official documentation.