Greaves Cotton has approved an investment of approximately ₹331.12 crore to subscribe to equity shares proposed to be issued by its material subsidiary, Greaves Electric Mobility, pursuant to a rights issue. The board's decision, taken on July 9, 2026, involves subscribing to the full extent of the company's rights entitlement. This capital commitment reinforces the parent company's stake in the electric mobility business.

Board Approval and Strategic Rationale

The Board of Directors of Greaves Cotton formally sanctioned the subscription to the rights issue of Greaves Electric Mobility Limited, with the approved investment aggregating up to approximately ₹331.12 crore. Parag Satpute, Managing Director & Group CEO, Greaves Cotton Limited, stated that the proposed investment reflects the company's conviction in the long-term opportunity presented by India's transition to sustainable mobility. He emphasized that the move is backed by a strong balance sheet, healthy cash position, and a disciplined capital allocation approach to continue the focus on the broader Greaves.Next growth journey.

Committee Authorization

Additionally, the board authorized the Risk, Strategy and Investment Committee to consider and approve the subscription to any equity shares that remain unsubscribed pursuant to the rights issue. This authorization permits the committee to act either directly or through affiliates, subject to applicable regulatory requirements and the receipt of requisite approvals. The proposed investment is aligned with Greaves Cotton's long-term strategy of building future-ready businesses while creating sustainable value for customers, shareholders, and other stakeholders.

Key Transaction Details

The following table summarizes the key parameters of the approved investment:

Greaves Cotton Limited has scheduled its 107th Annual General Meeting (AGM) for Tuesday, August 4, 2026, at 3:00 PM IST through Video Conferencing (VC) / Other Audio-Visual Means (OAVM). The meeting will be held to transact ordinary and special business, including the adoption of financial statements for the Financial Year 2025-26 and the declaration of a final dividend of ₹2 per equity share, subject to the approval of shareholders. The total estimated outflow for the dividend is ₹46.59 Crore, representing a payout ratio of 23.28% of standalone profits.

Key AGM Dates and E-Voting Schedule

The following table summarises the important event dates related to the 107th AGM:

The Register of Members and Share Transfer Books will remain closed from Wednesday, July 29, 2026, to Tuesday, August 4, 2026 (both days inclusive) for the purpose of determining dividend eligibility.

AGM Agenda: Ordinary and Special Business

The AGM will transact the following businesses:

Ordinary Business:

• Adoption of audited standalone and consolidated financial statements for the Financial Year ended March 31, 2026, along with the Reports of the Board of Directors and Auditors
• Declaration of a final dividend of ₹2 per equity share of face value ₹2 each (100%) for the Financial Year ended March 31, 2026, as recommended by the Board of Directors
• Re-appointment of Mr. Parag Satpute (DIN: 06872200) as a director retiring by rotation

Special Business:

• Ratification of the remuneration of Cost Auditors M/s. Dhananjay V. Joshi & Associates, Cost Accountants (Firm Registration Number: 000030), at ₹9,00,000/- (Rupees Nine Lakhs only) plus applicable taxes and out-of-pocket expenses for conducting the cost audit for Financial Year 2026-27

Standalone Financial Highlights for FY 2025-26

The Company's standalone financial performance for FY 2025-26 is summarised below:

Subsidiary Performance Overview

The following table provides a summary of the financial performance of key subsidiaries for the Financial Year ended March 31, 2026:

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE224A01026/3a51a2a49f16425b.pdf