JTEKT India Limited has scheduled its 42nd Annual General Meeting (AGM) for Wednesday, August 26, 2026, at 11:30 a.m. IST, to be conducted through Video Conferencing and Other Audio-Visual Means (VC/OAVM). The Board of Directors has recommended a final dividend of ₹0.75 per equity share of ₹1 face value, subject to the approval of shareholders at the meeting. The record date for determining eligibility for the dividend will be announced in accordance with regulations.

The proceedings of the AGM will be deemed to be conducted at the company's registered office. Electronic copies of the AGM notice and the Annual Report 2025-26 will be sent to shareholders whose email IDs are registered with the company or depository participants. These documents will also be available on the company's website and the website of KFin Technologies Limited, the agency providing the e-voting platform.

Shareholders holding shares in physical mode are required to update their KYC details, including PAN, address, email, mobile number, and bank account details, by submitting Form ISR-1 and Form ISR-2 to the Registrar and Share Transfer Agent, KFin Technologies Limited. Those holding shares in dematerialized form must update their details with their respective depository participants.

Key Meeting and Dividend Details

Members can cast their votes through remote e-voting or the e-voting system during the AGM. The company stated that the dividend payment will be made through electronic modes approved by the Reserve Bank of India, as specified in the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Special Window for Share Transfer

Pursuant to a SEBI circular dated January 30, 2026, the company has opened a special window for the re-lodgement of transfer requests for physical shares. This window is available for one year, from February 5, 2026, to February 4, 2027. It applies to transfer requests that were submitted and rejected or returned before April 1, 2019, due to document deficiencies or other reasons. Approved transfers will be issued only in dematerialized form.

The company also informed shareholders regarding the transfer of shares to the Investor Education and Protection Fund (IEPF). Individual communications have been sent to shareholders who have not claimed dividends for the last seven consecutive years. Details of such shareholders are available on the company's website.

JTEKT India Limited reported a net profit of ₹769 crore for the financial year ended March 31, 2026, a 2% increase from ₹753 crore in the previous year. Revenue from operations rose 11% to ₹26,656 crore, outpacing the passenger vehicle market growth of 9%. The board recommended a final dividend of ₹0.75 per equity share, subject to shareholder approval at the Annual General Meeting scheduled for August 26, 2026.

Financial Performance

The company's audited results reflect steady growth across key metrics. EBITDA for the year increased by 10% to ₹2,000 crore, though the EBITDA margin dipped slightly to 7.5% from 7.6% in the previous year. The following table summarises the annual financial performance:

Q4 Standalone Performance

On a quarterly basis, JTEKT India delivered improvement in profitability. For the quarter ended March 31, 2026, standalone net profit stood at ₹275 crore versus ₹246 crore in the same quarter last year. Revenue from operations for Q4 FY26 was ₹7,803 crore, compared to ₹6,492 crore in Q4 FY25. EBITDA for the quarter rose 32% to ₹720 crore.

Segment and Geographic Mix

The product mix for FY26 was dominated by Steering & Columns, which accounted for 94.1% of sales, while Driveline contributed 5.9%. Geographically, domestic sales constituted 97.2% of the revenue, with exports making up the remaining 2.8%. In terms of product revenue breakup, CEPS accounted for 45.5%, followed by RPS M at 26.5%.

Balance Sheet and Ratios

The company's debt-equity ratio increased to 0.28 in FY26 from 0.17 in FY25, while the Fixed Assets Turnover Ratio decreased to 2.17 from 2.72 in the previous year. The decline in fixed assets turnover is attributed to the inclusion of CWIP assets related to the new Gujarat project, which is yet to be operationalised.

Board Decisions

The board approved the re-appointment of Mr. Minoru Sugisawa as Chairman & Managing Director for a period of two years effective from June 1, 2026. Additionally, Mr. Rajiv Chanana was re-appointed as Wholetime Director for one year, and Mr. Masahiko Morimoto was re-appointed as Non-Executive Independent Director for five years. Mr. Arun Arora was re-designated as Head of Cost Control Department.

Operational Outlook

Management highlighted that sales growth was supported by the start of production for e Vitara and Victoris by Maruti Suzuki, and increased demand for models like Alto, Jimny, Baleno, Ertiga and Brezza following a reduction in GST rates. The company expects capacity utilization for new lines, including CVJ and MS Gear, to improve significantly over the next 12 to 18 months. Exports to Brazil are set to commence, with volumes expected to reach 70,000 units in the current year and potentially grow to 5 lakh units annually.