High Energy Batteries (India) Limited has scheduled its 65th Annual General Meeting (AGM) for June 27, 2026, at 11:00 A.M. through Video Conference (VC) and Other Audio Visual Means (OAVM). The meeting complies with the provisions of the Companies Act, 2013, and General Circular No 03/25 dated 22.09.2025 issued by the Ministry of Corporate Affairs. Members attending via VC or OAVM will be counted for the purpose of quorum under Section 103 of the Companies Act, 2013.

The company's Board of Directors has recommended a dividend of ₹3 per equity share of ₹2 each for the financial year 2025-2026. This payout is subject to shareholder approval at the AGM and will be paid on or before July 4, 2026. The dividend applies to 89,63,840 fully paid-up equity shares, with the record date set for June 12, 2026.

In accordance with extant MCA Circulars and SEBI Regulations, the Notice of AGM and the Annual Report for FY 2025-26 were sent electronically on June 4, 2026, to members with registered email addresses. For those without registered email addresses, a web-link is being provided to access the Annual Report in deference to Regulation 36(1)(b) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The Notice was also published in "Business Standard" and "Maalai Malar" on June 5, 2026.

The company is providing a Remote e-Voting facility through CDSL. The Remote e-Voting period commences on June 24, 2026, at 09:00 A.M. and ends on June 26, 2026, at 05:00 P.M. The cut-off date for determining voting rights is June 20, 2026. Members attending the AGM are entitled to exercise their voting right at the meeting through e-Voting if they have not already cast their vote by Remote e-Voting.

Mr. A S Kalyanaraman, Practicing Chartered Accountant, has been appointed as the Scrutinizer for the voting process. The Register of members and Share Transfer Books of the company will remain closed from June 13, 2026, to June 27, 2026 (both days inclusive).

Key AGM and Dividend Details

High Energy Batteries (India) Limited has released its audited standalone financial results for the quarter and year ended 31st March, 2026. The results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on 12th May, 2026. In compliance with Regulation 47(1) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the results were subsequently published in Business Standard (English – All India Edition) and Maalai Malar (Tamil – Chennai Edition) on 13th May, 2026. The auditors, M/s Maharaj N R Suresh and Co LLP, issued an unmodified opinion on the annual financial results.

Financial Performance Overview

The company recorded steady growth in total income and profitability for the full year ended 31st March, 2026. Revenue from sale of products stood at ₹8,310.24 lakhs compared to ₹8,075.22 lakhs in FY25. Other operating revenues were ₹42.40 lakhs in FY26 against ₹24.60 lakhs in FY25, while other income was ₹588.18 lakhs compared to ₹571.26 lakhs in FY25. The following table summarises the key financial metrics for the year and the latest quarter:

Expense Breakdown

Total expenses for FY26 were ₹6,741.46 lakhs against ₹6,602.70 lakhs in FY25. The table below provides a detailed view of expense components:

Exceptional Item and Labour Code Impact

The Government of India, in November 2025, notified four Labour Codes that replaced the existing 29 labour laws. As a result, an additional liability of ₹124.66 lakhs towards gratuity and leave benefits has been recognised under "Exceptional item" in the financial results for FY26. This exceptional item reduced profit before tax from ₹2,199.36 lakhs (before exceptional items) to ₹2,074.70 lakhs (after exceptional items) for the full year. The auditors have drawn attention to this matter in an Emphasis of Matter paragraph, though their opinion remains unmodified.

Segment Performance

High Energy Batteries operates primarily through its Aerospace, Naval and Power System Batteries segment. The Lead Acid Battery Plant was not operated during the year due to unremunerative prices. Segment-wise results are presented below:

Total segment assets as at 31st March, 2026 stood at ₹13,797.24 lakhs compared to ₹12,528.71 lakhs as at 31st March, 2025. Total segment liabilities were ₹2,647.00 lakhs against ₹2,568.71 lakhs in the prior year.

Balance Sheet Highlights

As at 31st March, 2026, total assets were ₹13,797.24 lakhs compared to ₹12,528.71 lakhs as at 31st March, 2025. Key balance sheet items include:

• Property, Plant and Equipment: ₹4,002.04 lakhs (FY25: ₹3,846.29 lakhs)
• Inventories: ₹4,107.83 lakhs (FY25: ₹3,989.57 lakhs)
• Trade Receivables: ₹2,851.12 lakhs (FY25: ₹2,673.61 lakhs)
• Total Equity: ₹11,150.24 lakhs (FY25: ₹9,960.00 lakhs)
• Borrowings (Current): ₹1,155.61 lakhs (FY25: ₹1,124.97 lakhs)

Net cash from operating activities for FY26 was ₹1,434.37 lakhs, a significant increase from ₹390.04 lakhs in FY25. Net cash used in investing activities was ₹1,011.61 lakhs, while net cash used in financing activities was ₹423.65 lakhs.

Dividend, AGM and Corporate Actions

The Board of Directors, at its meeting held on 12th May, 2026, has recommended payment of a dividend of ₹3 (Rupees Three only) per equity share of face value ₹2 each for the financial year ended 31st March, 2026. The total dividend payout amounts to ₹288.92 lakhs. The dividend, if approved by the members at the Annual General Meeting, will be paid on or before 4th July, 2026. The record date for determining shareholders eligible to receive the dividend is fixed as Friday, 12th June, 2026. The company does not have any subsidiary, associate, or joint venture entity as on 31st March, 2026.

The Board has also approved convening the 65th Annual General Meeting (AGM) on Saturday, 27th June, 2026 at 11:00 A.M. The Register of Members and Share Transfer Books will remain closed from Saturday, 13th June, 2026 to Saturday, 27th June, 2026 (both days inclusive) for the purpose of the AGM and dividend payment. The cut-off date for determining shareholders eligible for remote e-voting/e-voting at the AGM is fixed as Saturday, 20th June, 2026. Remote e-voting commences on Wednesday, 24th June, 2026 (09:00 A.M.) and ends on Friday, 26th June, 2026 (05:00 P.M.). Additionally, the Board has amended the Code of Conduct and Whistle Blower Policy of the Company, effective from 12th May, 2026, with the updated policies disclosed on the company's website.