India Nippon Electricals Ltd will keep its Register of Members and Share Transfer Books closed from July 24, 2026, to July 30, 2026, for the purpose of its 41st Annual General Meeting (AGM). The company announced that the AGM is scheduled for Thursday, July 30, 2026. This meeting will address the adoption of audited financial statements for the financial year ended March 31, 2026, and the confirmation of an interim dividend of ₹15.50 per share. Shareholders as of July 23, 2026, are eligible to participate and vote on the resolutions.

Financial Performance

India Nippon Electricals delivered a landmark performance in FY 2025-26, crossing the ₹1,000 Crore revenue milestone. The company recorded approximately 26% year-on-year growth, driven by increased business share across key OEM platforms, sustained leadership in ignition systems, and growing momentum in Integrated Starter Generator (ISG) products. The following table summarises the key financial metrics:

PAT increased 35.6% to ₹11,126 Lakhs, while EBITDA improved from ₹12,363 Lakhs to ₹14,924 Lakhs, supported by material cost optimization, a favorable product mix, and increased contributions from export and aftermarket businesses. The company maintained its debt-free position and reduced working capital days from 42 to 40 days.

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 Register of Members and Share Transfer Books will remain closed from July 24, 2026, to July 30, 2026.

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, both requiring approval by special resolution:

Both directors were initially appointed at the 37th AGM held on September 21, 2022.

Key AGM Dates and Voting Details

The facility for appointing proxies is not available as the meeting is held via video conferencing. 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 continued to invest in technology and innovation during FY 2025-26. Key R&D expenditure details are as follows:

Exports during the year amounted to ₹8,727 Lakhs, compared to ₹3,363 Lakhs in the previous year. Total foreign exchange outgo and earnings were ₹8,039 Lakhs and ₹7,807.77 Lakhs respectively. 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. The CSR obligation was based on an average net profit of ₹6,512.50 Lakhs, with 2% amounting to ₹130.25 Lakhs, net of the previous year's excess of ₹8.98 Lakhs.

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