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.

Savita Oil Technologies Limited announced record consolidated financial results for the quarter ended June 30, 2026 (Q1FY27), reporting total income of ₹1,512.7 crore and profit before tax (PBT) of ₹386.6 crore. The company achieved a year-on-year revenue growth of 49.2% and a PBT surge of 434.7%, driven by double-digit volume growth in its export and lubricating oil businesses, alongside significant inventory gains due to rising crude oil prices. This performance underscores the effectiveness of its pivot toward premium ester-based products and robust demand in international markets.

The Board of Directors approved the unaudited standalone and consolidated financial results on August 6, 2026. The results were reviewed by the Audit Committee and subjected to a limited review by M/s. G. D. Apte & Company, Chartered Accountants, the statutory auditors. In compliance with Regulation 30 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, the company disclosed the results to BSE Limited and National Stock Exchange of India Limited.

Financial Performance Highlights

Consolidated EBITDA rose sharply to ₹396.7 crore from ₹84.3 crore in Q1FY26, expanding the EBITDA margin to 26.2% from 8.3% in the prior year period. Profit before tax stood at ₹386.6 crore, compared to ₹72.3 crore in Q1FY26. The full-year FY26 consolidated total income was ₹4,407.7 crore, with an EBITDA of ₹290.6 crore.

Operational Drivers and Market Context

The strong financial performance was supported by double-digit volume growth in the Export and Lubricating Oil segments. However, domestic white oil sales experienced degrowth. Geopolitical tensions in the Middle East created uncertainty around feedstock availability and caused logistical challenges at ports, which sharply impacted volumes in April. Volumes began normalizing after April as supply conditions stabilized.

Rising crude oil and refined product prices, coupled with tightening supply conditions, led to significant price increases across the product portfolio and generated substantial inventory gains during the quarter. The Savsol Ester5 automotive lubricant range continued to accelerate, achieving sales growth four times that of the industry average. This reinforces the company’s strategy to leverage advanced ester technology for a premium product portfolio.

What the Numbers Show

The disproportionate expansion in margins—EBITDA margin jumping from 8.3% to 26.2%—indicates a combination of operational leverage and favorable pricing dynamics. While volume growth in key segments provided a solid base, the sharp rise in input costs contributed significantly to inventory gains, boosting profitability beyond organic operational improvements. The divergence between domestic white oil degrowth and export/lubricant strength highlights a strategic shift toward higher-margin international markets and specialized products. Chairman and Managing Director Gautam N. Mehra noted that the company remains cautious regarding daily volatility in feedstock supplies but is optimistic about future growth from new product developments in data centers, energy storage, and electric vehicles.