Promoter Shreyas Rameshbhai Virani disposed of 1,315 equity shares in Sar Auto Products on September 24, 2026, through an open market transaction.

The sale reduces his individual holding from 1,290,339 shares (27.08%) to 1,289,024 shares (27.05%). This follows a previous sale of 1,350 shares on September 23, 2026. Both transactions were disclosed under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011.

Promoter Group Holdings

The promoter group’s total holding stands at 3,528,165 shares, representing 74.04% of the total voting capital. This follows a reduction from 3,529,480 shares (74.07%) prior to this latest sale.

The company’s total equity share capital remains unchanged at ₹4,76,47,400, comprising 4,764,740 equity shares of ₹10 each. No encumbrances or convertible securities were involved in the transaction.

Sar Auto Products has scheduled e-voting for its 39th Annual General Meeting from September 24 to September 27, 2026. The physical meeting will take place on September 28, 2026, at 11:00 am at the company's registered office in Rajkot.

The cut-off date for e-voting eligibility is September 21, 2026. Shareholders can cast their votes electronically starting September 24, 2026, at 10:00 am until September 27, 2026, at 5:00 pm.

Business Expansion Strategy

The Board proposes amending the Main Object Clause of the Memorandum of Association to widen the company's operational scope. The amendment seeks to add precision engineering components for automotive, defence, aerospace, military, naval, and industrial applications to the existing list of objects. This move aims to capture new financial achievements through diversified growth opportunities.

Additionally, the company plans to adopt a new set of regulations for its Memorandum of Association to align with the Companies Act, 2013, replacing the existing framework drafted under the erstwhile Companies Act, 1956.

Governance and Appointments

Shareholders will vote on the regularization of Mr. Harsh Mukeshbhai Radiya as an Independent Director. He was appointed as an Additional Director on August 3, 2026, and will hold office for five years until August 2, 2031, subject to member approval via a special resolution.

Mr. Shreyas R. Virani, Whole-Time Director, retires by rotation and offers himself for re-appointment. The meeting will also approve revised remuneration terms for Mr. Virani, increasing his maximum annual limit to ₹24 lakh (₹2 lakh per month) effective April 1, 2026, for his remaining tenure until September 29, 2028.

Financial Performance Overview

The company reported a net profit after tax of ₹66.62 lakh for FY26, an increase from ₹41.77 lakh in FY25. Total income rose to ₹1,547.16 lakh from ₹1,504.84 lakh in the previous year. Revenue from operations stood at ₹1,434.95 lakh, while other income contributed ₹112.21 lakh.

Foreign exchange outgo decreased to ₹17.18 lakh in FY26 from ₹34.20 lakh in FY25, with no foreign exchange earnings recorded in either period.

Related Party Transactions

The company seeks prior approval for material related-party transactions with Virani Estate Corporation, a partnership firm involving Chairman Rameshkumar D. Virani and Whole-Time Director Shreyas R. Virani. The proposed ceiling for sales, purchases, commissions, and rent income is set at ₹10 crore for the financial year 2026-27.

What the Numbers Show

Other income constitutes a significant portion of the company's profitability. With other income at ₹112.21 lakh against a net profit of ₹66.62 lakh, non-operating revenues heavily influence the bottom line. This divergence suggests that operational margins alone do not fully explain the net profit growth, highlighting a dependency on external income sources for overall profitability.