Savita Oil appoints Ajay Reche as Whole-time Director until 2030

Savita Oil Technologies Limited has appointed Mr. Ajay Reche as an Additional Director, categorised as a Whole-time Director, effective June 1, 2026. The appointment is valid until September 30, 2030, subject to the approval of shareholders at the ensuing Annual General Meeting. This strategic leadership addition aims to bolster the company's human resources and organizational capabilities.

Board Meeting Outcome

The Board of Directors of Savita Oil Technologies Limited met via video conferencing on June 1, 2026. The meeting commenced at 12:45 p.m. and concluded at 1:20 p.m. The approval follows the recommendation of the Nomination and Remuneration Committee. The company confirmed that Mr. Reche is not debarred from holding the office of Director by any SEBI order or other authority.

Detail	Information
Appointee	Mr. Ajay Reche
Designation	Additional Director (Whole-time Director)
Effective Date	June 1, 2026
Term End	September 30, 2030
Approval Status	Subject to Shareholder Approval

Director Profile

Mr. Ajay M. Reche holds a B.Tech. in Agricultural Engineering and a post-graduate qualification in Personnel Management & Industrial Relations from the Tata Institute of Social Sciences. He brings over 29 years of experience in Personnel Management, Industrial Relations, and Human Resource Development. Mr. Reche joined the company as Head – Human Resources in August 2019 and has since strengthened HR systems and processes.

Annual General Meeting

The Board has convened the 65th Annual General Meeting of the Company for Monday, August 31, 2026, at 11:00 a.m. The meeting will be held through Video Conferencing or Other Audio Visual Means. The filing was submitted to BSE and NSE pursuant to Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.94%	+6.75%	+3.30%	+66.39%	+42.59%	+97.60%

Savita Oil Technologies Limited reported its highest ever quarterly and yearly volumes and revenues for the financial year ended March 31, 2026, driven by strong performance across its petroleum specialty products portfolio. The company achieved a record net profit of ₹181.8 crore for FY26, marking a 60.6% increase from the previous year, while total income grew 14.2% to ₹4,407.7 crore. The robust financial performance was supported by improved operational efficiency and a significant expansion in EBITDA margins, which reached 6.6% for the full year compared to 5.4% in FY25.

Financial Performance

The consolidated profit and loss statement reveals a broad-based improvement in key financial metrics. For the fourth quarter of FY26, revenue from operations stood at ₹1,224.0 crore, up from ₹1,005.6 crore in the corresponding period of the previous year. Profit after tax for Q4 FY26 surged 62% to ₹47.3 crore, with the EBITDA margin expanding to 6.5% from 5.4% in Q4 FY25.

Metric (₹ Cr)	Q4 FY26	Q4 FY25	YoY Growth	FY26	FY25	YoY Growth
Total Income	1,239.4	1,011.7	22.5%	4,407.7	3,859.7	14.2%
EBITDA	80.4	54.4	48.0%	290.6	207.8	39.8%
Profit After Tax	47.3	29.2	62.0%	181.8	113.2	60.6%

Balance Sheet and Cash Flows

The company maintained a strong financial position with zero borrowings as of March 26, 2026. Cash, cash equivalents, and investments totaled approximately ₹508 crore, providing substantial liquidity for future operations. The balance sheet shows total assets of ₹2,712.5 crore, an increase from ₹2,359.2 crore in the previous year, while total equity grew to ₹1,814.9 crore from ₹1,661.4 crore.

Cash flow analysis indicates healthy operational efficiency, with net cash from operating activities for FY26 recorded at ₹137.0 crore, compared to ₹62.6 crore in the previous year. The company generated ₹188.7 crore from operations before working capital changes, reflecting its ability to convert profits into cash effectively.

Strategic Developments

Savita Oil Technologies continued to strengthen its market position through strategic partnerships and product innovation. The company joined forces with the Mahindra Farm Tractor Division to provide genuine lubricant solutions for Mahindra tractors across India. Additionally, Savita Oil Technologies became the first Indian lubricant company to manufacture the Ester Molecule, commercializing its synthetic ester plant in August 2023. This new molecule supports high-performance fluids for electric vehicle coolants, immersion cooling fluids, and other specialized applications.

The company’s product portfolio remains well-insulated, catering to diverse industries including power and distribution transformers, automotive, and industrial sectors. With a legacy of over 60 years and state-of-the-art ISO-certified plants, Savita Oil Technologies serves a global clientele across more than 75 countries, with exports contributing 17% to FY26 revenue.