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.

Sar Auto Products promoter Shreyas Rameshbhai Virani sold 781 equity shares on August 21, 2026, through the open market. The transaction reduced his individual stake in the company from 27.21% to 27.19%.

The disclosure was made under Regulation 29(2) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. The filing was submitted to the Bombay Stock Exchange on August 22, 2026.

Transaction Details

Virani, who serves as a Whole-Time Director with DIN 00465240, executed the sale during regular trading hours. The company’s total equity share capital remained unchanged at ₹4.76 crore (4,764,740 equity shares of ₹10 each).

Promoter Group Holdings

The promoter group’s aggregate holding stands at 74.19% following the transaction. This includes holdings by persons acting in concert (PAC) with Virani.

The PAC group consists of:

• Mr. Rameshbhai D Virani (Promoter): 0 shares (0.00%)
• Mrs. Rajeshree R Virani (Promoter Group): 872,510 shares (18.31%)
• Mrs. Urvi S Virani (Promoter Group): 1,366,631 shares (28.68%)

What the Numbers Show

The sale represents a negligible dilution of the promoter’s control. With the promoter group retaining a three-quarter majority stake of 74.19%, the transaction does not alter the fundamental ownership structure or voting power dynamics within Sar Auto Products .