Savita Oil Technologies Limited delivered its strongest financial performance in history during FY26, reporting a consolidated net profit of ₹182 crore, up 61% from the previous year. The Mumbai-based specialty petroleum products manufacturer achieved this milestone despite global geopolitical tensions and volatility in crude oil prices, driven by robust demand in domestic infrastructure and renewable energy sectors. Consolidated total income grew 14% to ₹4,408 crore, while overall sales volumes surged 17% to cross the 5 lakh kilolitre mark for the first time. Profit Before Tax rose 57% to ₹244 crore, underscoring the effectiveness of its diversified product portfolio and disciplined execution.

The Board of Directors recommended a dividend of ₹5 per equity share (face value ₹2), representing a 250% payout. This marks an increase from the previous year’s dividend of ₹4 per share. The dividend outgo is estimated at ₹3,428.02 lakh. Shareholders will vote on this proposal, along with the re-appointment of Siddharth G. Mehra as Joint Managing Director and the appointment of Ajay Reche as Whole-time Director, at the 65th Annual General Meeting scheduled for August 31, 2026. The meeting will be held via Video Conferencing/Other Audio Visual Means.

Operational growth was broad-based, with Transformer Oils, White Oils, and Exports recording double-digit growth. The Lubricants business delivered high single-digit growth, strengthened by deeper market penetration. A key highlight was the SAVSOL Ester5 range, which achieved sales growth nearly five times the industry average, reinforcing the company’s premiumisation strategy. On a standalone basis, sales turnover reached ₹4,326 crore, up 14.23% from ₹3,787 crore in FY25. Standalone net profit before tax stood at ₹256 crore, a 54% increase from ₹166 crore in the prior year.

Sustainability initiatives continued to anchor operations, with three of the four manufacturing facilities operating as Zero Liquid Discharge units. The company’s renewable energy portfolio exceeds 53 MW of installed capacity, with rooftop solar systems generating over 30% of total power consumption at its plants. In terms of Corporate Social Responsibility, Savita spent ₹452.32 lakh on projects focused on healthcare, education, and community development, exceeding its statutory obligation of ₹447.70 lakh.

Looking ahead, management remains optimistic about opportunities arising from India’s manufacturing expansion and energy transition. With a debt-free balance sheet and strong cash reserves, the company plans to capitalize on rising investments in power transmission and renewable energy. Strategic focus areas include expanding the B2C business under the SAVSOL brand, driving double-digit growth in international markets, and developing new growth engines around ester-based and advanced fluid technologies for EV cooling and data centre immersion cooling applications.

Key Financial Metrics

What the Numbers Show

The disproportionate rise in profitability compared to revenue growth highlights significant operating leverage. While total income increased by 14%, EBITDA expanded by 40% and Net Profit by 61%. This divergence suggests that gross margins improved substantially, likely due to a favorable product mix shift towards higher-margin ester-based fluids and transformer oils, alongside efficient cost management. The 17% volume growth outpacing revenue growth indicates a potential mix shift or pricing pressure in certain segments, yet the bottom-line surge confirms that premium product adoption and operational efficiencies more than compensated for any top-line margin dilution.

Savita Oil Technologies Limited has announced the convening of its 65th Annual General Meeting (AGM) on Monday, August 31, 2026, at 11:00 A.M. through Video Conferencing (VC)/Other Audio Visual Means (OAVM), in compliance with applicable circulars issued by the Ministry of Corporate Affairs (MCA) and the Securities and Exchange Board of India (SEBI). The notice was issued pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and signed by Uday C. Rege, Company Secretary & Chief Legal Officer.

AGM Agenda at a Glance

The meeting will transact both ordinary and special business. The ordinary business items include adoption of standalone and consolidated audited financial statements for the year ended March 31, 2026, declaration of dividend on equity shares, and the re-appointment of Mr. Siddharth G. Mehra (DIN: 06454215), who retires by rotation and is eligible for re-appointment. The special business items cover the appointment of Mr. Ajay Reche as Whole-time Director, the appointment of Mr. Siddharth G. Mehra as Joint Managing Director, and ratification of remuneration payable to Cost Auditors.

Key Managerial Appointments

Two significant managerial appointments are placed before shareholders for approval at the AGM.

Ajay Reche — Whole-time Director

Mr. Ajay Reche (DIN: 11740121) was appointed as Additional Director (categorized as Whole-time Director) effective June 1, 2026, by the Board of Directors on the recommendation of the Nomination and Remuneration Committee. His appointment as Whole-time Director is proposed to hold office up to September 30, 2030, subject to shareholder approval. He holds a B.Tech. in Agricultural Engineering and a post-graduate qualification in Personnel Management & Industrial Relations from the Tata Institute of Social Sciences, with over 29 years of experience in Personnel Management, Industrial Relations, and Human Resource Development. He has been engaged with the Company as Head – Human Resources since August 2019.

The key remuneration terms for Mr. Ajay Reche are as follows:

Siddharth G. Mehra — Joint Managing Director

Mr. Siddharth G. Mehra (DIN: 06454215) has been appointed as Joint Managing Director effective October 1, 2026, up to September 30, 2031, subject to shareholder approval. He joined the Company in 2014-15 as Head – Business Development and was inducted on the Board in July 2017. He was appointed Whole-time Director at the 56th AGM held on September 29, 2017, and re-appointed at the 60th AGM held on September 29, 2021, with his present term expiring on September 30, 2026. He holds a Bachelor of Science in Technical Systems Management from the University of Illinois at Urbana–Champaign, USA, and a Masters Degree of Science in Management from the London School of Economics and Political Science, UK. He is the son of Mr. Gautam N. Mehra, Managing Director of the Company.

The key remuneration terms for Mr. Siddharth G. Mehra are as follows:

Cost Auditor Remuneration Ratification

The Board, on the recommendation of the Audit Committee, has appointed Kishore Bhatia & Associates, Cost Accountants, as Cost Auditors to conduct the audit of the Company's cost records for the financial year ending March 31, 2027. The remuneration fixed for the Cost Auditors is ₹ 2,90,000/- (Rupees Two Lakh Ninety Thousand only) plus GST, along with reimbursement of travelling and other out-of-pocket expenses. In accordance with Section 148 of the Companies Act, 2013, this remuneration requires ratification by the members of the Company.

Additionally, the Company has disclosed that during the year, an amount of ₹ 2.92 Lakh pertaining to unpaid and unclaimed dividend for the year 2017-2018 was transferred to the Investor Education and Protection Fund (IEPF) as required under Section 124(5) of the Companies Act, 2013.

E-Voting and Meeting Participation

The Company has engaged National Securities Depository Limited (NSDL) to facilitate electronic voting. The remote e-voting window opens on Thursday, August 27, 2026 (9:00 A.M. IST) and closes on Sunday, August 30, 2026 (5:00 P.M. IST). The record date (cut-off date) for determining eligible voters is Monday, August 24, 2026. Members may also participate in e-voting on the day of the AGM through the NSDL e-voting system. MP & Associates, Company Secretaries, have been appointed as the Scrutinizer for the e-voting process. Results will be displayed on the Company's website at www.savita.com and on NSDL's website at www.nsdl.co.in within two days of the passing of resolutions.