Fiem Industries has released its Annual Report for FY 2025-26, revealing a landmark year of financial performance alongside significant corporate governance changes. The company delivered its highest-ever revenue, profitability and operating margins, underpinned by strong demand from leading OEM customers and a continued shift toward LED-based lighting solutions. The Board of Directors has recommended a final dividend of Rs 40 per equity share (400% of face value) for FY 2025-26, subject to shareholder approval at the 37th Annual General Meeting scheduled for July 31, 2026, via video conferencing at 10:30 a.m. The record date for dividend entitlement is July 24, 2026, with payment on or before August 14, 2026.

Record Financial Performance in FY 2025-26

Fiem Industries delivered its strongest financial results since inception, driven by robust execution, continued customer confidence and sustained investments in technology. The following table summarises the key standalone and consolidated financial highlights:

LED lighting accounted for 63% of total automotive lighting sales in FY 2025-26, up from 59% in the previous year, reflecting growing customer preference for advanced lighting technologies. India's real GDP grew by 7.7% during FY 2025-26 according to provisional estimates, while the Indian two-wheeler industry surpassed its pre-pandemic peak with record production of around 26.7 million units, registering 11.8% growth. The company also commenced supplies to Mahindra & Mahindra during the year, marking a significant milestone in its four-wheeler segment expansion.

Subsidiary Performance

The company consolidates two wholly-owned subsidiaries and one joint venture. Their financial highlights are as follows:

Innovation, Technology & Sustainability

During the year, Fiem Industries commissioned a state-of-the-art Electromagnetic Interference (EMI) and Electromagnetic Compatibility (EMC) Testing Laboratory at its R&D–Electronics, Innovation Centre and Corporate Office in Gurugram. This facility enhances in-house capability to design, validate and test advanced automotive lighting electronics. On the sustainability front, the company initiated its green energy transition with rooftop solar and open-access renewable energy projects across manufacturing facilities. At its Hosur plant, approximately 65% of energy requirements are now met through open-access solar power, with an additional 20% expected through wind energy. Total R&D expenditure for FY 2025-26 stood at Rs 5,258.16 lakh, comprising capital expenditure of Rs 1,215.81 lakh and revenue expenditure of Rs 4,042.35 lakh.

AGM Agenda: Leadership Restructuring & Remuneration

The 37th AGM will consider several key resolutions, including the re-appointment of Mr. Rahul Jain and Ms. Aanchal Jain as Directors retiring by rotation. Significant leadership restructuring has been proposed effective June 1, 2026, with Mr. Jagjeevan Kumar Jain re-designated as Executive Chairman, Mr. Rahul Jain as Managing Director, and Ms. Aanchal Jain as Joint Managing Director. The Board has also approved revised monthly remuneration for Whole-time Directors, effective April 1, 2026:

Mr. Vineet Sahni, CEO & Whole-time Director, resigned from the directorship effective May 31, 2026, citing personal reasons. The AGM will also ratify the remuneration of M/s Jay Narain & Co., Cost Accountants, appointed as Cost Auditor for FY 2026-27 at Rs 3.50 lakh plus out-of-pocket expenses. Remote e-voting will be open from July 27, 2026 at 10:00 AM to July 30, 2026 at 5:00 PM, with July 24, 2026 as the cut-off date.

Fire Incidents & Insurance Claims

The company disclosed two fire incidents in its annual report. A fire at Unit-VII, Rai Plant on June 13, 2023 resulted in significant damage; reinstatement has been completed and insurance assessment is in final stages. During FY 2024-25, the company received Rs 50 crore as interim payments from the insurer. A second fire occurred at Unit-VIII, Tapukara Plant on August 23, 2025, primarily restricted to the first floor. Production was resumed on undamaged floors by August 29, 2025. An estimated insurance claim of Rs 82.30 crore has been filed with the insurer on January 30, 2026.

CSR Initiatives

Fiem Industries spent Rs 4,61,60,473 on CSR activities during FY 2025-26, against an obligation of Rs 4,60,37,601, resulting in an excess spend of Rs 1,22,872. The company's flagship CSR initiative remains Menstrual Hygiene Management (MHM), with 13 Sanitary Pad Manufacturing Plants established across India. Eye care camps in the Kutch region benefited more than 1,700 individuals during the year. A Skill & Training Centre project in Delhi, started in December 2024, is targeted for completion by November 2027.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE737H01014/90fc1bb1-affe-423c-bbd9-bf9bc4b42c74.pdf

Fiem Industries has fixed Friday, July 24, 2026, as the record date to determine member eligibility for the final dividend for the financial year 2025-26, if declared at the upcoming Annual General Meeting. The company announced that its 37th Annual General Meeting will be held on Friday, July 31, 2026, at 10:30 a.m. through Video Conference (VC) or Other Audio Visual Means (OAVM). The advance notice for the meeting was published in newspapers on June 22, 2026.

The meeting is being conducted via VC/OAVM in compliance with Ministry of Corporate Affairs General Circular No. 03/2025 dated September 22, 2025, and the relevant provisions of the Companies Act, 2013, and SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Members participating through the VC/OAVM facility will be counted for the purpose of reckoning the quorum under Section 103 of the Companies Act, 2013.

The notice of the AGM and the Annual Report for the financial year 2025-26, including financial statements for the year ended March 31, 2026, will be sent via email to members whose email addresses are registered with the company or their depository participants. Members holding shares in physical form or those without registered email addresses will receive a letter via ordinary post containing a web-link and QR code to access the documents.

Key AGM Details

Pursuant to Regulation 42 of the Listing Regulations, the record date has been set to identify members entitled to the final dividend on equity shares for FY 2025-26. The company stated that payment of dividends to members holding shares in physical form will be made electronically, provided they have furnished their Permanent Account Number, contact details, bank account details, and specimen signature with the company or its Registrar and Transfer Agent, MUFG Intime India Pvt Ltd.

Members will have the opportunity to cast votes through a remote e-voting system or during the AGM via the e-voting system. Login credentials for e-voting will be sent via email; members who do not receive credentials can generate them by following instructions in the AGM notice. Voting rights will be proportionate to shareholders' holdings in the paid-up equity share capital as on the cut-off date of July 24, 2026.

The company also noted that dividend income is taxable in the hands of members under the Income Tax Act, 2025, and tax at source will be deducted at the prescribed rate. Members are requested to update their residential status, PAN, and category with their depository participants or the RTA, and submit applicable forms such as Form 121/41 if required.