SAL Automotive Limited has accepted the resignation of Kulvinder Singh from his positions as Finance Controller and Key Managerial Personnel (KMP). Singh’s departure becomes effective at the close of business hours on September 30, 2026, following a formal resignation letter dated July 27, 2026. The change in leadership affects the company’s financial oversight structure but carries no immediate operational disruption, as Singh confirmed there are no material reasons for his exit other than pursuing professional growth.

The disclosure was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, read with Para A of Part A of Schedule III. The filing also references SEBI Master Circular No. HO/49/14/14(7)2025-CFDPOD2/1/3762/2026 dated January 30, 2026. Gagan Kaushik, Company Secretary & General Counsel, submitted the intimation to BSE Limited on July 28, 2026.

Resignation Details

The key details regarding the cessation of appointment are outlined below:

Transition Plan

In his resignation letter addressed to the Board of Directors, Singh expressed gratitude for his tenure and the support received from the leadership team and direct reports. He emphasized his commitment to ensuring a smooth handover during the notice period. This includes organizing current projects, documenting ongoing responsibilities, and assisting in training team members to assume his duties before his final day.

The company has uploaded the full disclosure on its website, www.salautomotive.in , ensuring transparency for investors and stakeholders regarding this change in key managerial personnel.

SAL Automotive Limited has recommended a final dividend of ₹2 per equity share for the financial year ended March 31, 2026. The board of directors approved the recommendation during a meeting held on May 22, 2026. The dividend is subject to approval by shareholders at the upcoming Annual General Meeting and will be paid within 30 days of the meeting.

Financial Performance for FY26

For the financial year ended March 31, 2026, SAL Automotive reported a total income of ₹38675 lakh, compared to ₹37949 lakh in the previous year. Total expenses for the period rose to ₹38028 lakh from ₹37162 lakh in FY25. Consequently, the net profit after tax for the year stood at ₹426 lakh, a decrease from ₹539 lakh recorded in the prior year.

The company faced an exceptional item charge of ₹58 lakh during the year, attributed to the financial implications of new Labour Codes. This charge related to an increase in gratuity and leave liabilities. Excluding this exceptional item, the profit before tax was ₹647 lakh, down from ₹787 lakh in the previous year.

Quarterly Results

In the quarter ended March 31, 2026, the company reported a total income of ₹9053 lakh, slightly higher than the ₹8935 lakh reported in the same quarter of the previous year. Total expenses for the quarter increased to ₹8907 lakh from ₹8789 lakh. The net profit for the quarter was ₹93 lakh, marginally lower than the ₹94 lakh reported in the corresponding quarter of the previous year.

Segment Performance

The company operates across two primary segments: Automobile Components and Agriculture Implements. For the year ended March 31, 2026, the Automobile Components segment generated revenue of ₹18765 lakh, while the Agriculture Implements segment reported revenue of ₹19679 lakh. The total revenue from operations for the year was ₹38444 lakh.