Indef Manufacturing Limited reported a decline in consolidated net profit to ₹2,362.83 lakh for the financial year ended March 31, 2026, from ₹3,416.03 lakh in the previous year. Consolidated revenue from operations rose to ₹20,769.42 lakh compared to ₹17,862.84 lakh in FY25. The Board of Directors has recommended a final dividend of ₹2 per equity share, subject to shareholder approval at the Annual General Meeting scheduled for August 12, 2026.

The company fixed Wednesday, August 05, 2026, as the record date to determine shareholder eligibility for the dividend and attendance at the AGM. The Register of Members and Share Transfer Books will remain closed from August 06, 2026, to August 12, 2026. This announcement was made pursuant to Regulation 42 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance Overview

For the quarter ended March 31, 2026, consolidated revenue grew to ₹6,804.16 lakh from ₹5,297.73 lakh in the corresponding quarter of the previous year. Net profit for the quarter stood at ₹682.16 lakh, a decrease from ₹1,012.81 lakh in the same period last year. The financial results were audited by Statutory Auditors M/s. Kanu Doshi Associates LLP, who issued an unmodified opinion.

Full-Year Financial Metrics

The table below summarises the standalone and consolidated financial performance for FY26:

Corporate Governance and Appointments

The Board appointed Shri Mahendrakumar Gohel and Smt. Pooja Bajaj as Additional Directors. M/s. Aatish Dhatrak & Associates were appointed as Cost Auditors for FY27. Additionally, the Board dissolved the Risk Management Committee effective May 25, 2026, as it was deemed not applicable under SEBI LODR Regulations. The company also noted the impact of new Labour Codes, resulting in an exceptional item of ₹61.65 lakh in the consolidated financial statements.

Indef Manufacturing Limited, the resulting company from the demerger of Hercules Hoists Limited, has successfully passed a special resolution through postal ballot to revise the remuneration of its Managing Director, Shri Amit Bhalla (DIN: 08215712). The e-voting process, facilitated by MUFG Intime India Private Limited (formerly known as Link Intime India Private Limited), was conducted from 9:00 a.m. (IST) on April 16, 2026 to 5:00 p.m. (IST) on May 15, 2026, in compliance with Section 108 and Section 110 of the Companies Act, 2013, and Regulation 44 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Process Overview

The record date for determining eligible shareholders was April 10, 2026, on which date the Postal Ballot Notice was also issued. The company dispatched the notice via e-mail to 18,812 members on April 15, 2026, who had registered their email IDs with the Company, Depositories, Depository Participants, or the Registrar and Share Transfer Agent. The total number of shareholders on the record date stood at 20003. An advertisement regarding the postal ballot was published on April 16, 2026 in the Free Press Journal (English Newspaper) and Nav Shakti (Marathi Newspaper).

The scrutinizer for the postal ballot process was Mr. S. N. Viswanathan (FCS 13685, COP 24335), Managing Partner of S. N. Ananthasubramanian & Co., Company Secretaries, who submitted his report dated May 15, 2026, confirming that all votes cast were valid and the special resolution was passed with the requisite majority.

Voting Results: Resolution on MD Remuneration Revision

The sole special resolution pertained to the revision in remuneration of Shri Amit Bhalla (DIN: 08215712), Managing Director of the Company. The following table presents the detailed voting outcome across shareholder categories:

The promoter and promoter group cast all 22275720 votes in favour of the resolution, representing 100% participation. Public institutional shareholders polled 500328 votes out of 541564 shares held, with all votes cast in favour. Among public non-institutional shareholders, 29465 votes were polled out of 9182716 shares held, with 27727 votes in favour and 1738 votes against.

Summary of Ballot Outcome

The scrutinizer's consolidated result for the special resolution is presented below:

The special resolution on revision of remuneration of the Managing Director was passed with requisite majority, with 99.9924% of valid votes polled cast in assent and 0.0076% in dissent. The voting results were submitted to BSE Limited and the National Stock Exchange of India Limited on May 18, 2026, by Vineesh Vijayan Thazhumpal, Company Secretary (A63683), in accordance with Regulation 44 of the SEBI Listing Regulations, 2015.