Omax Autos Limited concluded its 43rd Annual General Meeting on Saturday, August 29, 2026. The meeting, held via video conferencing, saw shareholders approve the adoption of audited financial statements for the fiscal year ended March 31, 2026.

The session commenced at 11:00 am and concluded at 12:05 pm. Shareholders also approved the declaration of a dividend on equity shares for FY26 and ratified the remuneration of cost auditors for the upcoming fiscal year.

Voting Results

The company disclosed the consolidated outcome of remote e-voting and e-voting conducted during the AGM on September 1, 2026. All eight resolutions presented to shareholders were approved with significant majority support.

Across all agenda items, shareholders cast 12,978,948 votes in favour (assent) against 215,290 votes against (dissent). This translates to an overall assent rate of 98.37% and a dissent rate of 1.63%.

Remote e-voting was open from 9:00 am on Wednesday, August 26, 2026, till 5:00 pm on Friday, August 28, 2026. Members as on the cut-off date of Friday, August 21, 2026, were entitled to vote. A total of 134 shareholders participated in the voting process, comprising 128 participants in remote e-voting and 6 participants in e-voting at the AGM.

Key Resolutions Approved

Members voted to approve several ordinary and special business items during the meeting. The key resolutions included:

• Adoption of audited financial statements for FY26 along with auditor and board reports.
• Declaration of dividend on equity shares for the financial year ended March 31, 2026.
• Reappointment of Mr. Nikhel Kochhar and Mr. Tavinder Singh as directors upon retirement by rotation.
• Ratification of remuneration for M/s. JSN & Co., the cost auditors, for FY27.
• Approval of the revision in remuneration for Managing Director Mr. Devashish Mehta.

Director Appointments

The meeting also addressed board composition changes. Shareholders approved the reappointment of Mr. Tavinder Singh as Whole-Time Director and Mr. Nipun Khurana as an Independent Director. Both appointments were passed as special resolutions.

Mr. Bharat Kaushal, Chairman and Independent Director, chaired the proceedings. Other directors present included Vice Chairman and Managing Director Mr. Jatendar Kumar Mehta, Managing Director Mr. Devashish Mehta, and Independent Directors Ms. Nadira Chaturvedi and Mr. Ram Kumar Chugh.

Meeting Proceedings

Ninety members attended the meeting through video conferencing or other audio-visual means. The company secretary, Ms. Kannu Sharma, confirmed that electronic copies of the AGM notice and annual report for FY26 were dispatched to registered members. Physical copies were sent to those who requested them.

Mr. Bharat Kaushal highlighted the strong operational and financial performance achieved during FY26 in his address to the members. Queries from shareholders were addressed by the management team, including Chief Financial Officer Mr. Sanjeev Kashyap.

Audit and Compliance

Representatives from statutory auditors M/s. BGJC & Associates, secretarial auditors M/s. DR Associates, and cost auditors M/s. JSN & Co. were present to answer queries. Mr. Deepak Gupta of M/s. DR Associates served as the scrutinizer for e-voting.

The meeting was conducted in compliance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and relevant circulars from the Ministry of Corporate Affairs.

Omax Autos Limited reported a robust financial performance for the fiscal year ended March 31, 2026, with net profit after tax (PAT) surging 72% year-on-year to ₹37.04 crore. Revenue from operations expanded by 31% to ₹484.50 crore, reflecting strong demand in the commercial vehicle segment and improved operational leverage. The company’s earnings per share rose to ₹17.32 from ₹10.07 in the previous year, signaling enhanced value creation for shareholders amidst rising industry volumes.

The Board of Directors, in its meeting held on July 24, 2026, recommended a final dividend of ₹2.50 per equity share of ₹10 each, subject to shareholder approval at the upcoming Annual General Meeting (AGM). This recommendation complements the interim dividend of ₹2.50 per share already paid in May 2026. The AGM is scheduled for August 29, 2026, to be conducted via Video Conferencing/Other Audio Visual Means (VC/OAVM). Shareholders will also vote on the re-appointment of directors and the ratification of cost auditor remuneration.

Financial Performance Highlights

The company’s financial results for FY26 demonstrate significant improvement across key metrics compared to FY25. Total income reached ₹519.99 crore, up from ₹393.69 crore in the prior year. While total expenses increased to ₹468.51 crore from ₹376.43 crore, the operating efficiency improved, leading to a substantial jump in profitability.

Operational Drivers and Margin Expansion

The growth was primarily fueled by better business operations and increased turnover. EBITDA without other income rose to ₹49.68 crore from ₹32.22 crore, expanding the EBITDA margin by 162 basis points to 10.25%. This margin expansion highlights the company’s ability to manage costs effectively despite elevated raw material prices. Other income contributed ₹35.50 crore, including rental income and treasury operations on liquid surplus.

Finance costs declined approximately 19% to ₹16.44 crore due to reduced debt levels, further boosting bottom-line results. Depreciation expenses moderated by 10% to ₹17.17 crore following property, plant, and equipment retirements. The return on capital employed (ROCE) improved significantly to 16% from 8% in the previous year, while the debt-to-equity ratio decreased to 0.18x from 0.27x, indicating a stronger balance sheet.

Corporate Governance and AGM Agenda

Pursuant to Regulation 34 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, the Annual Report for FY26 has been filed with stock exchanges. The forthcoming AGM will address several key governance matters:

• Director Re-appointments: Shareholders will vote on the re-appointment of Tavinder Singh as Whole-Time Director and Nipun Khurana as Independent Director. Nikhel Kochhar retires by rotation and seeks re-appointment.
• Remuneration Approval: The meeting will approve the revision of remuneration for Managing Director Devashish Mehta, increasing the ceiling to ₹2 crore per annum for three years starting April 1, 2026.
• Cost Auditor Ratification: Remuneration of ₹2.50 lakh plus taxes and out-of-pocket expenses for M/s JSN & Co., Cost Auditors, for FY27 requires ratification.

The record date for dividend entitlement is August 21, 2026. Dividend payments will be made within 30 days of declaration to members holding shares as of this date. Remote e-voting facilities are available from August 26 to August 28, 2026.