Savita Oil Technologies Limited has scheduled a board meeting on June 1, 2026, to consider the appointment of an Additional Director. The meeting will be held through video conferencing, pursuant to the applicable provisions of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Board Meeting Details

The Board of Directors of Savita Oil Technologies Limited will meet to discuss the appointment of an Additional Director to the company. The intimation was submitted to the exchanges on May 27, 2026.

The company has requested the exchanges to take the intimation on record. The filing was signed by Uday C. Rege, Company Secretary & Chief Legal Officer (Compliance Officer).

Savita Oil Technologies Limited announced its audited financial results for the quarter and year ended March 31, 2026, reporting a record performance driven by robust volume growth across all divisions. The company's Board of Directors approved the standalone and consolidated results at a meeting held on May 7, 2026, and recommended a final dividend of ₹5.00 per equity share. Additionally, the Board approved the amalgamation of its wholly owned subsidiary, Savita GreenTec Limited (SGL), and appointed M/s Ernst & Young LLP as internal auditors.

Consolidated Financial Highlights

The group reported a strong year-on-year improvement in profitability for both the quarter and the full year. Total income for FY26 rose by 14.2% to ₹4,407.7 Cr, while Profit Before Tax (PBT) surged by 57.0% to ₹244.4 Cr. For the quarter ended March 31, 2026, total income grew by 22.5% to ₹1,239.40 Cr, and PBT increased by 60.4% to ₹68.0 Cr. EBITDA for FY26 grew by 39.8% to ₹290.6 Cr, with EBITDA margin expanding to 6.6% from 5.4% in FY25.

Operational Performance and Growth

The company achieved its highest ever quarterly and yearly volumes and revenue. Overall volume for FY26 rose by 17% on a YoY basis, surpassing the 5,00,000 KL mark for the first time, marking an all-time high sales volume. On an annual basis, Transformer Oil, White Oil, and Exports posted double-digit growth, while Lubricants delivered high single-digit growth. In Q4 FY26, double-digit volume growth was recorded across all divisions. The Savsol Ester5 automotive lubricant range continued to accelerate, with sales growth 5X of the industry growth in FY26, reinforcing the strategy to premiumise the portfolio through advanced technology. The company remains focused on strengthening brand recall, expanding distribution in B2C segments, and aiming for healthy double-digit growth in India and international markets. New business development continues around the central themes of energy transition and developing newer ester and advanced fluids across verticals like Cooling and Renewable Energies.

Standalone Financial Performance

On a standalone basis, net profit after tax for the year ended March 31, 2026, rose to ₹19,384.61 lakhs from ₹12,377.14 lakhs in the previous year. Total revenue from operations grew to ₹4,36,258.19 lakhs from ₹3,81,372.64 lakhs. Earnings per share (EPS) for the full year stood at ₹28.27, compared to ₹17.99 in FY25. For the quarter ended March 31, 2026, standalone net profit was 503M rupees, with EBITDA surging to 729M rupees and EBITDA margin expanding to 5.96%.

Management Commentary

Commenting on the performance, Mr. Gautam N. Mehra, Chairman and Managing Director, said: "We are pleased to report a record performance for both the quarter and for the full year, with total income growing 22% YoY in Q4 FY26 and 14% for FY26, alongside strong profitability with PBT increasing 60% for the quarter and 57% annually. The Q4 performance was underpinned by robust double-digit volume growth across all divisions. With robust demand, the Company continues to operate at optimal levels with improved efficiencies across operations. Savsol Ester5 range of automotive lubricants has seen strong market acceptance and is scaling rapidly. Looking ahead, we remain focused on strengthening our brand, expanding B2C reach, and aim for double-digit growth across domestic and international markets. We are also actively building new growth engines with a range of new offerings which can bring long term sustainable growth. With rapidly growing Power & Industrial Infrastructure in India, we see a significant opportunity for our ester-based and other advanced products, positioning us well to capitalise on the India Growth Story."

Dividend Recommendation

The Board of Directors recommended a final dividend at 250%, amounting to ₹5.00 per equity share (face value ₹2 each). The total payout aggregates to ₹3,428.02 lakhs for the year ended March 31, 2026, subject to shareholder approval at the ensuing Annual General Meeting.

Scheme of Amalgamation with Savita GreenTec

The Board approved a Scheme of Arrangement and Amalgamation for the merger of Savita GreenTec Limited (SGL) into Savita Oil Technologies Limited. The certified copy of the Scheme has been filed with stock exchanges under Regulation 37(6) of the SEBI LODR Regulations. The Appointed Date for the Scheme is April 1, 2026. As SGL is a wholly owned subsidiary, no shares will be issued as consideration, and the company's shareholding in SGL will stand cancelled. The amalgamation aims to streamline operations, reduce overheads, and enhance shareholder value.

Change in Internal Auditors

The Board appointed M/s Ernst & Young LLP (EY) as Internal Auditors for a term of three years commencing from April 1, 2026, replacing Suresh Surana & Associates LLP. The statutory auditor, M/s G. D. Apte & Company, issued an unmodified audit opinion on the financial results.