Igarashi Motors confirms full compliance with SEBI regulations for FY26

Igarashi Motors India Limited has confirmed full compliance with the Securities and Exchange Board of India (SEBI) regulations for the financial year ended March 31, 2026. The secretarial audit, conducted by BP & Associates, verified that the listed entity adhered to statutory provisions and corporate governance requirements without deviation. This compliance is crucial for maintaining investor confidence and ensuring the company's adherence to regulatory frameworks governing the Indian capital markets.

The Annual Secretarial Compliance Report, submitted pursuant to Regulation 24A of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, was reviewed by Mr. Prabhakar Chandrasekaran, Partner at BP & Associates. The examination covered various SEBI regulations, including those related to insider trading, disclosures, and related party transactions. The auditor confirmed that the company has complied with all provisions of the regulations and circulars issued thereunder.

Compliance Status

The review confirmed that Igarashi Motors maintained all applicable policies under SEBI regulations with board approval and updated them timely. The company also ensured the preservation of documents as prescribed and conducted performance evaluations of the Board and its committees. There were no disqualifications of directors under Section 164 of the Companies Act, 2013.

Particulars	Compliance Status	Observations
Secretarial Standards	Yes	None
Policy Adoption and Updation	Yes	None
Website Maintenance and Disclosures	Yes	None
Director Disqualification	Yes	None
Preservation of Documents	Yes	None
Performance Evaluation	Yes	None
Related Party Transactions	Yes	None
Disclosure of Events	Yes	None
Prohibition of Insider Trading	Yes	None

Regulatory Actions and Non-Compliances

The report explicitly stated that no actions were taken against Igarashi Motors India Limited , its promoters, directors, or subsidiaries by SEBI or the stock exchanges during the review period. Additionally, the auditor noted that there were no additional non-compliances observed regarding SEBI regulations, circulars, or guidance notes. The resignation of statutory auditors was also not applicable during the financial year.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-2.23%	-6.57%	-4.66%	-19.35%	-21.96%	-14.32%

Igarashi Motors reported a decline in financial performance for the fiscal year ended March 31, 2026, with net profit falling to 1.21B rupees from 2.42B rupees in the previous year. For the fourth quarter, the company recorded a net profit of 159.49M rupees, a decrease from 306.14M rupees in the corresponding quarter of the previous year. Revenue from operations for the year stood at 86.59B rupees, compared to 83.84B rupees in FY25.

Q4 and Annual Financial Performance

The company's Q4 revenue rose to 22.60B rupees from 18.95B rupees year-on-year. However, profitability was impacted by increased expenses, leading to a contraction in margins. EBITDA for Q4 was 1.93B rupees, down from 1.97B rupees in the prior year. The EBITDA margin for the quarter contracted to 8.5% from 10.4%.

The following table summarises the key financial metrics for the quarter and year:

Metric:	Q4 Current Year	Q4 Previous Year	FY26	FY25
Net Profit:	159.49M Rupees	306.14M Rupees	1.21B Rupees	2.42B Rupees
Revenue:	22.60B Rupees	18.95B Rupees	86.59B Rupees	83.84B Rupees
EBITDA:	1.93B Rupees	1.97B Rupees	10.18B Rupees	10.68B Rupees
EBITDA Margin:	8.5%	10.4%	11.8%	12.7%

Dividend and Appointments

The Board of Directors has recommended a final dividend of Rs. 1.30 per equity share of face value Rs. 10 each for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting. Additionally, the board appointed Sharp & Tannan, Chartered Accountants, as the Internal Auditor for two financial years, 2026-27 and 2027-28. M/s. B Y & Associates were appointed as the Cost Auditor for FY2026-27 for the BLDC Unit.