Panasonic Carbon India Co. Limited reported a net profit of ₹2123.86 lakh for the financial year ended March 31, 2026, representing a 2% increase compared to the previous year's ₹2082.90 lakh. Revenue from operations for the period stood at ₹54740.66 lakh. The Board of Directors has recommended a final dividend of ₹12 per share, which is subject to approval by shareholders at the 44th Annual General Meeting scheduled for June 29, 2026.

The company's gross income for FY26 was ₹6749.47 lakh, while profit before depreciation and tax was recorded at ₹3089.54 lakh. Following the financial results, the Board proposed transferring ₹20 crore to the reserves. The operational performance saw the company sell 2237 million pieces of Carbon Rod, which was 88% of the previous year's sales volume. Domestic sales contributed 35% and export sales constituted 65% of the total sales value.

Financial Performance

The company's financial results for the year ended March 31, 2026, compared with the previous year are summarized below:

Board Decisions

The Board has approved the re-appointment of Mr. R. Senthil Kumar as Managing Director for a further period of one year from April 1, 2026, to March 31, 2027, subject to shareholder approval. Additionally, the Board recommended the appointment of Mr. Prasad Bala Nagendra Venkatavara Vadlapatla as a Non-Executive Independent Director for a term of three years commencing June 30, 2026. The company also approved the appointment of S. Murali Krishna & Associates as Secretarial Auditors for a term of five years.

Corporate Governance

The company confirmed that it has paid the Annual Listing Fees to the BSE Ltd for the financial year 2025-26 and there were no arrears. The statutory auditors, B S R & Co. LLP, reported that the company has adequate internal financial controls with reference to financial statements, which were operating effectively as at March 31, 2026.

Panasonic Carbon India Co. Limited convened a Board of Directors meeting on 06 May 2026 at its registered office, approving the standalone audited financial results for the quarter and year ended 31 March 2026, along with the Auditor's Report, Balance Sheet, and Cash Flow Statement, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The statutory audit report issued by B S R & Co. LLP, Chartered Accountants, carries an unmodified opinion, and the results have been filed with BSE Limited. The meeting commenced at 11:00 a.m. and concluded at 5:00 p.m. Subsequently, the audited financial results were published as a newspaper advertisement in Trinity Mirror (English) and Makkal Kural (Tamil) on 07 May 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance: FY26 vs FY25

The company recorded steady growth across key financial metrics for the year ended 31 March 2026. The following table summarises the audited annual financial results (Amount in INR (₹) Thousands except EPS):

Quarterly Performance Snapshot

The table below presents the quarterly financial highlights across three periods (Amount in INR (₹) Thousands except EPS):

The figures for the quarters ended 31 March 2026 and 31 March 2025 represent the balancing figures between audited full-year results and published year-to-date figures up to the end of the nine-month period of the respective financial year.

Balance Sheet Highlights

The company's total assets as at 31 March 2026 stood at ₹1,935,576.78 thousands, up from ₹1,775,316.73 thousands as at 31 March 2025. Total equity increased to ₹1,876,768.72 thousands from ₹1,719,007.26 thousands, supported by other equity of ₹1,828,768.72 thousands. Total liabilities were ₹58,808.06 thousands as at 31 March 2026, compared to ₹56,309.47 thousands in the prior year.

Cash Flow Summary

The company generated net cash from operating activities of ₹109,931.12 thousands for the year ended 31 March 2026, compared to ₹81,684.23 thousands in the previous year. Net cash used in investing activities was ₹(59,220.28) thousands, while net cash used in financing activities was ₹(57,455.24) thousands, which included a final dividend payment of ₹(57,600.00) thousands (INR 12/- per share). Cash and cash equivalents at the end of the year stood at ₹10,657.06 thousands, compared to ₹17,401.46 thousands at the beginning of the year.

Dividend and Annual General Meeting

The Board has recommended a final dividend of Rs. 12/- per equity share (i.e., 120%) on fully paid-up equity shares of Rs. 10/- each for the financial year 2025-26, subject to shareholder approval at the ensuing Annual General Meeting. The AGM is scheduled for Monday, 29 June 2026. The Register of Members and Share Transfer Books will remain closed from 23 June 2026 to 29 June 2026 (both days inclusive), with a record date of Monday, 22 June 2026.

Governance and Corporate Developments

The Board approved several governance-related decisions at the 06 May 2026 meeting:

• New Independent Director: Mr. Prasad Bala Nagendra Venkatavara Vadlapatla recommended for appointment as Non-Executive Independent Director with effect from 30 June 2026, subject to shareholder approval.
• Internal Auditors: M/s. P. Srinivasan & Co., Chartered Accountants, appointed as Internal Auditors for FY 2026-27.
• Tax Auditors: M/s. Brahmayya & Co., Chartered Accountants, appointed as Tax Auditors for FY 2026-27.
• Secretarial Auditors: S. Murali Krishna & Associates, Practicing Company Secretaries (Certificate of Practice No. 28168, Peer Review Certificate No. 7213/2025), appointed as Secretarial Auditors for a term of five consecutive years from FY 2026-27 to FY 2030-31, subject to shareholder approval.
• Registered Office Shift: The registered office will be shifted from Pottipati Plaza, 3rd Floor, No. 77, Nungambakkam High Road, Nungambakkam, Chennai 600034, to Old No-319/New No-4, 3rd Floor, Valluvar Kottam High Road, Nungambakkam, Chennai 600034, with effect from 15 June 2026.
• Resignation of Secretarial Auditor: The Board noted and accepted the resignation of Ms. Parimal Natrajan as Secretarial Auditor, effective 05 May 2026.
• Director Cessation: The Board noted that the second and final consecutive term of Mr. Kola Paul Jayakar as Non-Executive Independent Director shall conclude at the close of business hours on 29 June 2026.

The company operates as a single-segment entity, with its business activity primarily comprising the manufacturing of carbon rods/carbon electrodes used in dry cell batteries. The financial results have been prepared in accordance with Indian Accounting Standards (Ind AS) under Section 133 of the Companies Act, 2013.