SAL Automotive Limited has submitted its mandatory compliance certificate to BSE Limited, fulfilling regulatory requirements under SEBI (Depositories and Participants) Regulations, 2018. The automotive components manufacturer filed the certificate for the quarter ended March 31, 2026, demonstrating its commitment to regulatory compliance.

Regulatory Compliance Details

The certificate was issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, covering the quarter ended March 31, 2026. MCS Share Transfer Agent Limited, serving as the company's registrar and share transfer agent, issued the compliance certificate on April 6, 2026.

Certificate Confirmation

MCS Share Transfer Agent Limited confirmed compliance with key regulatory requirements for the quarter. The registrar certified that within 15 days of receipt of securities for dematerialization:

• Securities comprised in the certificates have been listed on stock exchanges where earlier issued securities are listed
• Certificates have been duly verified, mutilated, and cancelled after proper verification
• The depository name has been substituted in records as the registered owner

Corporate Communication

Company Secretary & General Counsel Gagan Kaushik submitted the certificate to BSE Limited on April 7, 2026, through official correspondence reference SAL/02/SP/BSE/2025-26. The submission ensures BSE maintains updated records of the company's compliance status.

Company Operations

SAL Automotive Limited operates from multiple locations across India, with its main works at Kakrala Road, Nabha, Punjab, and additional facilities in Dharwad (Karnataka), Rudrapur (Uttarakhand), and Pune (Maharashtra). The company maintains ISO certifications including ISO 14001 Environmental Management, ISO 45001 Occupational Health and Safety Management, and IATF 16949 Automotive Quality Management standards.

SAL Automotive Limited has released its unaudited financial results for the quarter and nine months ended December 31, 2025, showing mixed performance with sequential revenue decline but stable year-over-year growth for the nine-month period.

Financial Performance Overview

The company's financial performance for Q3FY26 reflected challenging market conditions with sequential decline in key metrics:

Nine-Month Performance Analysis

For the nine months ended December 31, 2025, SAL Automotive demonstrated resilience with improved performance compared to the corresponding previous period:

Impact of Labour Code Implementation

The company's results were significantly affected by the implementation of new Labour Codes notified by the Government of India on November 21, 2025. These codes consolidated twenty-nine existing labour laws into a unified framework, introducing changes including uniform wage definitions and enhanced leave benefits.

The financial implications included:

• Increased gratuity liability from past service costs
• Enhanced leave liability provisions
• Total impact of ₹58 lakhs classified as exceptional items

This non-recurring impact was presented under 'Impact of Labour Codes' in the exceptional items section for Q3FY26 and nine-month results.

Corporate Actions and Capital Structure

SAL Automotive implemented a significant corporate action during the financial year:

The bonus issue was executed by capitalizing General Reserve, resulting in doubled equity shares and corresponding increase in paid-up share capital from ₹240 lakhs to ₹480 lakhs.

Regulatory Compliance and Governance

The financial results underwent comprehensive review and approval processes. The Audit Committee reviewed the results, followed by Board of Directors' approval at their meeting held in Ghaziabad on February 3, 2026. Statutory auditors conducted a limited review of the financial results, ensuring compliance with regulatory requirements.

The company continues monitoring developments regarding Rules to be notified by regulatory authorities, including clarifications and additional guidance, while assessing ongoing accounting implications based on such developments.