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.

SAL Automotive Limited has re-appointed M/s B.K. Gupta & Associates as its Internal Auditor for the financial year 2026-27. The decision was taken by the Board of Directors during a meeting held on May 22, 2026, based on the recommendation of the Audit Committee. The re-appointment is effective from the same date and aims to ensure compliance with the Companies Act, 2013 and the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

The Board meeting, which commenced at 01:00 P.M. and concluded at 03:10 P.M., also reviewed the necessary disclosures required under Regulation 30 of the SEBI LODR regulations. The company has confirmed that the appointment aligns with the provisions outlined in the SEBI master circular dated January 30, 2026.

Details of the Appointment

The re-appointment of the internal auditor firm was formalized to maintain continuity in the company's audit processes. M/s B.K. Gupta & Associates, a firm of Chartered Accountants, holds a Firm Registration No. 002128N. The firm's founder and senior partner is a Fellow member of the Institute of Chartered Accountants of India.

Profile of the Internal Auditor

The appointed firm brings extensive experience in audit, taxation, finance, and NGO services. The founder and senior partner has been involved in auditing major nationalized banks and non-banking finance companies. The firm possesses strong exposure to Indian Accounting and Auditing Standards as well as International Financial Reporting Standards.

The disclosure regarding the relationship between directors was marked as not applicable in this instance. The company has enclosed the detailed profile and other relevant information as Annexure A to the regulatory filing.