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

Hindustan Hardy Limited has published its postal ballot notice in newspapers on Saturday, April 25, 2026, as part of its regulatory compliance under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company has informed BSE Limited about the publication of the notice in The Freepress Journal and Navashakti newspapers.

Postal Ballot Resolution Details

The postal ballot seeks shareholder approval for a special resolution regarding the appointment of Mr. Aurobind Ashbhai Patel (DIN: 00016628) as an independent director of the company. The company has completed the dispatch of postal ballot notices to all members whose names appear on the Register of Members/List of Beneficial Owners as on the cut-off date of Friday, April 17, 2026.

E-Voting Process and Timeline

In compliance with MCA circulars and SEBI regulations, the communication of assent or dissent will take place exclusively through the remote e-voting system. The company has engaged National Depositories Services Limited (NSDL) to provide e-voting facilities to all members.

Scrutinizer Appointments

The Board of Directors has appointed qualified company secretaries to ensure a fair and transparent voting process. Ms. Jigyasa N. Ved (Membership No. FCS 6488 and CP No. 6018) has been designated as the primary scrutinizer, with Mr. Mitesh Dhabliwala (Membership No. FCS 8331 and CP No. 9511) of Parikh & Associates serving as the alternate scrutinizer.

Regulatory Compliance

The postal ballot process is being conducted in accordance with Section 110 of the Companies Act, 2013, read with Companies (Management and Administration) Rules, 2014. The company is also complying with various MCA circulars, including those dated April 8, 2020, April 13, 2020, and the latest circular dated September 22, 2025.

For any queries regarding the e-voting process, members can contact Mr. Michael Monteiro, Director at Satellite Corporate Services Private Limited (Tel: 022-28520461/62; Email: service@satellitecorporate.com ). The results will be communicated to stock exchanges, depositories, and the registrar and share transfer agent, and will also be displayed on the company's website at www.hardyltd.com .