hindustan hardy has submitted the voting results for the appointment of Mr. Aurobind Ashabhai Patel as an Independent Director. The resolution was passed through a postal ballot process conducted under Regulation 44 of the SEBI (LODR) Regulations, 2015.

The company sought shareholder consent for the special resolution regarding the appointment of Mr. Aurobind Ashabhai Patel (DIN: 00016628). The remote e-voting facility was provided to all eligible members, with the voting period commencing on April 25, 2026, and concluding on May 24, 2026.

Voting Results

The scrutinizer's report confirmed that the special resolution received the requisite approval from the shareholders. A total of 992,335 valid votes were cast during the polling process.

Polling Summary

The total number of shareholders on the record date of April 17, 2026, was 4,470. The promoter and promoter group cast 990,893 votes in favour of the resolution, representing 100% of the votes polled by this category. Public non-institutions cast 1,341 votes in favour and 101 votes against.

The company has stated that the detailed scrutinizer report and voting results are available on its website.

Hindustan Hardy Limited, formerly known as Hindustan Hardy Spicer Limited, reported its audited financial results for the quarter and year ended March 31, 2026, at a Board of Directors meeting held on May 06, 2026. The results were approved following a review by the Audit Committee and carry an unmodified auditor's opinion from Daga & Chaturmutha, Chartered Accountants, Nashik. The Board also recommended a dividend of Rs. 2.80 per equity share (28%) on shares of face value Rs. 10 each, subject to shareholder approval at the forthcoming Annual General Meeting.

Full-Year Financial Performance

Hindustan Hardy delivered a strong performance for FY26, with revenue from operations rising to Rs. 10879.03 lakhs from Rs. 8145.18 lakhs in FY25. Total income for the year reached Rs. 10994.01 lakhs compared to Rs. 8196.68 lakhs in the previous year. Net profit after tax for FY26 stood at Rs. 837.89 lakhs, up from Rs. 659.01 lakhs in FY25. Profit before tax for the full year was Rs. 1,133.91 lakhs against Rs. 894.71 lakhs in the prior year. The following table summarises the key annual financial metrics:

Quarterly Performance

For the quarter ended March 31, 2026, revenue from operations was Rs. 2961.60 lakhs, compared to Rs. 2510.20 lakhs in the corresponding quarter of the previous year. Total income for the quarter stood at Rs. 2993.64 lakhs against Rs. 2532.99 lakhs in Q4 FY25. Net profit after tax for the quarter was Rs. 187.73 lakhs, compared to Rs. 263.52 lakhs in the same quarter of the prior year. The table below presents the quarterly comparison:

Balance Sheet Highlights

As at March 31, 2026, total assets stood at Rs. 6482.74 lakhs compared to Rs. 5680.52 lakhs as at March 31, 2025. Total equity increased to Rs. 3749.73 lakhs from Rs. 2952.05 lakhs, reflecting the growth in other equity from Rs. 2,802.21 lakhs to Rs. 3,599.89 lakhs. Paid-up equity share capital remained unchanged at Rs. 149.85 lakhs. Key balance sheet figures are presented below:

Cash Flow Summary

For the year ended March 31, 2026, cash generated from operations (after direct taxes paid) was Rs. 661.49 lakhs, compared to Rs. 163.96 lakhs in the previous year. Net cash used in investing activities was Rs. (702.94) lakhs, primarily on account of purchase of property, plant and equipment including work-in-progress of Rs. (719.52) lakhs. Net cash from financing activities was Rs. 116.36 lakhs. Cash and cash equivalents at the end of the period stood at Rs. 435.62 lakhs, up from Rs. 360.71 lakhs at the beginning of the period.

Borrowings and Other Disclosures

As per the disclosure on qualified borrowings for FY26, outstanding qualified borrowings at the start of the year were Rs. 765.58 lakhs, rising to Rs. 948.50 lakhs at year-end. Incremental borrowings during the year amounted to Rs. 182.92 lakhs, with no borrowings by way of issuance of debt securities. The company's highest credit rating stood at A4+. Hindustan Hardy is exclusively engaged in the design and manufacture of propeller shafts and accessories for automotive, industrial, agricultural, and other applications, which constitutes a single operating segment under Ind AS-108. The company has no subsidiary, associate, or joint venture entities as on March 31, 2026. The New Labour Codes, effective from November 21, 2025, resulted in an estimated incremental impact on retiral benefits of Rs. 6.80 lakhs, debited under employee benefits expenses.

Source: None/Company/INE724D01011/5d43fd90-e102-4079-a681-5fd921a43089.pdf