India Nippon Electricals Limited has scheduled its 41st Annual General Meeting (AGM) for Thursday, July 30, 2026, at 10:00 A.M. IST via video conferencing. Shareholders recorded as of July 23, 2026, are eligible to vote. The company reported a landmark financial performance in FY 2025-26, crossing the ₹1,000 Crore revenue milestone with a 26% year-on-year increase to ₹1,06,848 Lakhs, driven by increased business share across key OEM platforms and growth in Integrated Starter Generator (ISG) products. The Board has proposed a final dividend of ₹15.50 per share.

Financial Performance

Profit After Tax increased 35.6% to ₹11,126 Lakhs, while EBITDA improved to ₹14,924 Lakhs, supported by material cost optimization and a favorable product mix. The company maintained its debt-free position and reduced working capital days from 42 to 40 days. The following table summarises the key financial metrics:

Dividend and Shareholder Details

The Board of Directors declared an interim dividend of ₹15.50 per equity share of ₹5 face value on February 13, 2026, representing a dividend rate of 310% on face value. This dividend, absorbing a total sum of ₹3,506.32 Lakhs, is proposed to be treated as the final dividend for the year ended March 31, 2026. The company has issued letters to shareholders without registered email addresses, providing a weblink and QR code to access the Notice of the 41st AGM and the Annual Report for FY 2025-26.

AGM Agenda: Ordinary and Special Business

The ordinary business includes the re-appointment of Mr. T K Balaji (DIN: 00002010), who retires by rotation and is eligible for re-appointment as a Non-Executive (Non-Independent) Director. The shareholders will also consider the ratification of remuneration of ₹3,80,000 plus applicable taxes payable to Mr. K Suryanarayanan, the Cost Auditor, for the financial year ending March 31, 2027.

The special business comprises the re-appointment of two Independent Directors for a second term of five consecutive years from August 10, 2026, to August 9, 2031:

Key AGM Dates and Voting Details

The facility for appointing proxies is not available as the meeting is held via video conferencing. M/s BP & Associates, Company Secretaries, represented by its Partner, Mr C Prabhakar, has been appointed as Scrutinizer. Voting results will be declared on the company's website and the CDSL e-voting portal immediately after the conclusion of the AGM.

R&D, Exports, and CSR

The company invested ₹2,877 Lakhs in R&D, representing 2.69% of net turnover. Exports during the year amounted to ₹8,727 Lakhs, compared to ₹3,363 Lakhs in the previous year. On the CSR front, the company spent ₹129.48 Lakhs against an obligation of ₹121.26 Lakhs, resulting in an excess spend of ₹8.21 Lakhs to be carried forward to FY 2026-27.

India Nippon Electricals Limited has filed its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26 with the stock exchanges. The filing, submitted on a voluntary basis, outlines the company's performance across environmental, social, and governance (ESG) parameters. The report forms part of the Annual Report for FY 2025-26 and is available on the company's website.

The company reported zero fatalities and zero lost time injuries during the financial year, reflecting its focus on occupational health and safety. India Nippon Electricals achieved 100% coverage for health and accident insurance for its permanent employees and workers. The firm also maintained 100% compliance with statutory requirements related to the principles of the National Guidelines on Responsible Business Conduct (NGRBC).

Governance and Oversight

The Managing Director, Mr. Arvind Balaji, serves as the highest authority responsible for the implementation and oversight of the Business Responsibility policies. While the company does not have a specified Board committee for sustainability, the Managing Director and the President are responsible for decision-making on related issues. The Audit Committee reviews compliance with statutory requirements quarterly.

Environmental Performance

India Nippon Electricals reported a total energy consumption of 47,365 Giga Joules for the current financial year, with an energy intensity of 44.37 Giga Joule per ₹ Crore of turnover. The company has implemented Zero Liquid Discharge (ZLD) mechanisms across all its plants. Total Scope 1 and Scope 2 greenhouse gas emissions stood at 5,466.53 tCO2e, with an emission intensity of 0.0000005 tCO2e per INR of turnover.

Social and Employee Metrics

The company's workforce comprised 397 permanent employees and 2,414 workers as of the end of the financial year. Women represented 10.83% of the permanent employees and 16.48% of the total workforce. The Board of Directors included two women members, accounting for 33.33% of the Board. The company recorded a turnover rate of 15.68% for permanent employees.

Financial and Operational Highlights