Highness Microelectronics Limited has published the public notice for its 19th Annual General Meeting (AGM) in 'Business Standard' (English) and 'Aapla Mahanagar' (Marathi) on August 20, 2026. The meeting is scheduled for Thursday, September 10, 2026, at 12:00 noon IST and will be conducted exclusively through Video Conferencing or Other Audio-Visual Means (VC/OAVM), as per Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

Highness Microelectronics delivered a strong financial performance in FY25-26. Revenue from operations rose 14.53% year-on-year to ₹1,611.92 lakh from ₹1,407.38 lakh in FY25. Profit after tax (PAT) grew sharply by 67% to ₹410.39 lakh, up from ₹245.82 lakh in the previous year. EBITDA expanded to ₹661.76 lakh, with the margin improving to 41.05% from 32.11%.

The disproportionate growth in PAT relative to revenue indicates margin expansion during the year, aided by improved capacity utilisation at the Rabale units and a richer mix of higher-value defence and railways orders. Defence & Aerospace emerged as the largest segment, contributing 39.58% of total sales, followed by Railways & Transportation at 27.08% and Healthcare at 26.67%.

What the Numbers Show

The surge in profitability was supported by operating leverage and disciplined cost management. While revenue grew moderately, the significant jump in EBITDA margins suggests effective pricing power or a shift towards high-margin custom solutions. However, working capital remains a key focus area, with Days Sales Outstanding (DSO) standing at approximately 235 days, reflecting the elongated payment cycles typical of its defence and government-linked customer base.

Operational Highlights

The most significant operational milestone of the financial year was the commencement of the greenfield manufacturing facility at the Electronics Manufacturing Cluster in Tuem, Pernem, Goa. This facility aims to expand production capacity and strengthen supply chain resilience, aligning with the Government of India's Make in India and PLI scheme objectives.

The company also completed its Initial Public Offering (IPO), which was subscribed 193.9 times. Shares were listed on the BSE SME platform on April 2, 2026. The Board decided not to recommend any dividend for FY26 to conserve reserves and support ongoing growth initiatives, including the Goa facility expansion.

Voting and Participation Details

Shareholders holding shares as on the cut-off date of Thursday, September 3, 2026, are eligible to participate and vote. The remote e-voting facility, facilitated by Central Depository Services (India) Limited (CDSL), will be available from Monday, September 7, 2026, at 9:00 am until Wednesday, September 9, 2026, at 5:00 pm.

Key logistical details include:

• Meeting Date: September 10, 2026
• Time: 12:00 noon IST
• Mode: VC/OAVM
• E-voting Window: September 7–9, 2026
• Record Date: September 3, 2026

Members who have not registered their email addresses with the company or their Depository Participants are advised to update their details to access the e-voting module and meeting instructions. The Notice of the AGM and the Annual Report for the financial year 2025-26 will be sent electronically to registered members and made available on the company’s website.

Board and Governance

The Board of Directors comprises seven members, including four independent directors. Mrs. Shruti Gaurav Kejriwal, Whole-time Director, retires by rotation at the ensuing AGM and, being eligible, has offered herself for re-appointment. The Board also noted changes in key managerial personnel, including the appointment of Mr. Mayurkumar Gori as Chief Financial Officer and Ms. Gouri Apoorva as Company Secretary and Compliance Officer.

Highness Microelectronics Limited has scheduled its 19th Annual General Meeting (AGM) for Thursday, September 10, 2026, at 12.00 noon. The Board of Directors approved the convening of the meeting during a session held on Wednesday, August 12, 2026. The AGM will be conducted through Video Conferencing or Other Audio-Visual Means (VC/OVAM), adhering to the applicable circulars issued by the Ministry of Corporate Affairs and the Securities and Exchange Board of India.

The company disclosed this development pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The intimation was submitted to the Manager – Listing Department at BSE Limited, located at Phiroze Jeejeebhoy Towers, Dalal Street, Mumbai.

Board Meeting Details

The Board meeting that approved the AGM schedule commenced at 01.15 P.M. and concluded at 01.35 P.M. on August 12, 2026. Gaurav Kejriwal, Managing Director and DIN holder 01506981, signed the disclosure letter on behalf of the company.

The company has hosted a copy of the disclosure letter on its official website at https://highnessmicro.com/ . Shareholders are advised to monitor the website for further communications regarding the agenda and other details of the upcoming AGM.