Porwal Auto Components reported a net profit of ₹99.3 crore for the fiscal year ended March 31, 2026, a sharp rise from ₹1.6 crore in the previous year. The company also scheduled its 34th Annual General Meeting (AGM) for September 28, 2026.

Financial Performance

Revenue from operations grew 1.3% year-on-year to ₹1,422.6 crore, up from ₹1,404.5 crore in FY25. The profit before tax stood at ₹120.6 crore, compared to ₹1.9 crore in the prior year. Other income saw a significant increase to ₹82.0 crore from ₹2.3 crore, primarily driven by a ₹78.6 crore profit on the sale of fixed assets.

Total expenses decreased slightly to ₹1,384.0 crore from ₹1,404.8 crore. Depreciation expenses fell to ₹47.4 crore from ₹53.8 crore. The company did not declare any dividend for the financial year.

What the Numbers Show

The dramatic surge in profitability was not driven by operational revenue growth, which remained relatively flat at 1.3%. Instead, the bottom line expansion was largely fueled by non-recurring gains. The ₹78.6 crore profit on the sale of fixed assets accounted for the vast majority of the increase in other income, transforming a modest pre-tax profit into a substantial surplus. This indicates that the core operating margin improvement was modest compared to the impact of asset disposals.

AGM Details and Corporate Actions

The 34th AGM will be held via Video Conference or Other Audio-Visual Means (OAVM) on September 28, 2026, at 1:00 pm. The meeting aims to transact ordinary business, including the adoption of audited financial statements and the reappointment of Mr. Mukesh Utsavlal Jain as Whole Time Director and Chairman.

Special business items include:

• Ratification of remuneration for cost auditors M/s Nikhil Jain & Associates at ₹35,000 per year plus taxes.
• Approval of material related party transactions with Porwal Diesels Private Limited up to an aggregate of ₹50.0 crore for FY27.

The book closure period is from September 22, 2026, to September 28, 2026. The record date for voting rights is September 21, 2026.

Subsequent Capital Raise

Subsequent to the financial year-end, the company issued 17.5 lakh equity shares at ₹57 per share to non-promoters via preferential allotment. Additionally, 3.9 lakh warrants were issued to the promoter group at the same price, convertible into equity shares within 18 months upon payment of the balance amount.

Operational Outlook

Porwal Auto Components plans to install a High Pressure Moulding Line (HPML) to enhance production capacity and precision. The company currently operates a production capacity of approximately 21,600 MT per annum and is expanding this by an additional 1,200 MT. It has also invested in solar power plants aggregating 4.8 MW for captive consumption, with plans to increase capacity to 10 MW by 2030.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE386I01018/72c34ee8-14db-469b-9fad-12962772625b.pdf

Porwal Auto Components Limited received trading approval from the Bombay Stock Exchange for 17,54,384 equity shares issued on a preferential basis. The listing is effective from September 3, 2026.

The company allotted the shares to non-promoters at an issue price of ₹57 per share. This price includes a face value of ₹10 and a premium of ₹47 per equity share.

Issue Details

The distinctive numbers for the newly issued shares range from 15100001 to 16854384. The exchange granted the approval vide letter reference no. LOD/PREF/VJ/32/2026-2027 dated September 2, 2026.

Regulatory Compliance

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements), 2015. Hansika Mittal, Company Secretary of Porwal Auto Components Limited, signed the intimation letter dated September 3, 2026.

BSE Limited confirmed the receipt of the application and subsequent submissions in a system-generated letter signed by Janardhan Wagle, Deputy Vice President, and Tejas Tandel, Deputy Manager. The notice number associated with the trading members' communication is 20260902-20.