Shanthi Gears Limited reported a 14% decline in revenue from operations to ₹518.72 crore for the financial year ended March 31, 2026, compared to ₹604.62 crore in the previous year. The company attributed the decrease to lower order inflows during the first half of the year. Despite the revenue drop, the company maintained strong operational discipline and focused on cost optimization and customer engagement to enhance operational resilience.

Net profit for the year stood at ₹76.66 crore, down from ₹96.03 crore in the previous year. Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) decreased to ₹118.76 crore from ₹143.39 crore in the previous year, a degrowth of 17%. The company generated a Free Cash Flow of ₹29.83 crore during the financial year against ₹75.47 crore in the previous year. The Return on Capital Employed stood at 24% in FY26 compared to 35% in the previous year.

The company remains debt-free and invests its surplus funds judiciously balancing safety and returns. During the year, the company made its highest capital investments to enhance capacity, improve productivity, and strengthen quality. The Board of Directors has recommended a final dividend of ₹2 per share for the financial year 2025-26. Together with the interim dividend of ₹3 per share already declared and paid, the total dividend for the financial year is ₹5 per share.

Financial Performance

The Board of Directors has recommended the payment of a final dividend of ₹2 per equity share. The dividend on equity shares will be paid to those members as on Friday, July 17, 2026, and the same will be paid on or before August 27, 2026. During the financial year, on February 20, 2026, the company paid an interim dividend of ₹3 per equity share.

Tube Investments of India Limited has confirmed that the promoters and promoter group have not created any encumbrance on their shares during the financial year 2025-26. The disclosure, made under Regulation 31(4) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, assures that no shares have been pledged directly or indirectly beyond those previously disclosed to the target company.

The confirmation was communicated to the Audit Committee of Tube Investments of India Limited in accordance with Regulation 31(5)(b) of the regulations. M M Murugappan, Director of Ambadi Investments Limited, signed the disclosure on April 7, 2026, in Chennai. The filing covers a comprehensive list of shareholders categorized as either Promoters or members of the Promoter Group.

Shareholder Classification

The disclosure identifies a wide array of entities and individuals holding promoter status. Key individuals listed include M V Subbiah, S Vellayan, V Narayanan, and M A M Arunachalam. The list also includes various family members associated with these individuals, categorized under the Promoter Group.

Corporate entities identified as Promoters include Ambadi Investments Limited, Ambadi Enterprises Ltd, Carborundum Universal Limited, and E.I.D. Parry (India) Ltd. Several trusts and holding companies, such as Murugappa Educational and Medical Foundation and M A Alagappan Holdings Private Limited, are listed under the Promoter Group category.

Promoter Group Entities

A significant number of subsidiaries and associated companies fall under the Promoter Group. These include entities from the Coromandel and Cholamandalam groups, such as Coromandel International Ltd, Cholamandalam Investment and Finance Co. Ltd, and Cholamandalam MS General Insurance Company Ltd. International entities like Coromandel Agronegocios De Mexico S.A. DE C.V. and CUMI America Inc are also included in this category.

The list further details specific trusts holding shares on behalf of promoters, such as the Shambho Trust and Saraswathi Trust. Recent additions or name changes, such as TI Clean Mobility Private Limited and TI Medical Private Limited, are also noted within the Promoter Group classification.