Sibar Auto Parts has scheduled its 43rd Annual General Meeting (AGM) for Monday, September 28, 2026, at 12:00 pm via video conference. The meeting will address the adoption of audited financial statements for FY26 and the reappointment of key board members.

The auto components manufacturer reported a significant widening in its net loss for the financial year ended March 31, 2026. The company posted a net loss of ₹159.09 lakh, compared to a net loss of ₹67.92 lakh in the previous year. This deterioration occurred despite a robust top-line performance, with revenue from operations rising by 21.8% year-on-year to ₹2,694.20 lakh from ₹2,211.68 lakh.

Financial Performance

The divergence between revenue growth and profitability highlights increased operational costs during the period. While revenue expanded significantly, the company recorded a profit before tax (PBT) loss of ₹158.24 lakh, up from ₹68.43 lakh in FY25.

Finance charges stood at ₹9.05 lakh in FY26, down sharply from ₹28.98 lakh in the prior year. Depreciation remained stable at ₹54.22 lakh for both years. Other income decreased slightly to ₹20.25 lakh from ₹23.43 lakh.

What the Numbers Show

The widening net loss despite lower finance costs points to higher operating expenses or cost of materials consumed as the primary drag on profitability. Revenue grew by nearly 22%, yet the pre-tax loss more than doubled. This suggests that gross margins may have contracted or operating leverage was not achieved during the period, as the savings in interest costs were insufficient to offset the operational deficit.

Corporate Governance and AGM Agenda

Shareholders will vote on the reappointment of Pemmasani Madhu Pratap as Whole-Time Director, who retires by rotation. Additionally, a special resolution will seek approval for the reappointment of Managing Director Pemmasani Ravichandra for a three-year term starting August 14, 2026. His proposed remuneration is ₹31.20 lakh per annum, along with specific perquisites and a commission of 3% on net profits.

The Board did not recommend any dividend for the year ended March 31, 2026. The company’s equity share capital remains unchanged at ₹165.25 crore.

Sibar Auto Parts Limited reported a widened net loss of ₹93.98 lakh for the quarter ended June 30, 2026 (Q1FY27), compared to a loss of ₹14.09 lakh in Q1FY26. Revenue from operations fell 8.7% year-on-year to ₹532.67 lakh, down from ₹583.49 lakh in the corresponding period of the previous fiscal.

The company’s total income stood at ₹536.86 lakh, while total expenses rose to ₹630.84 lakh from ₹600.97 lakh in Q1FY25. Employee benefits expense increased to ₹109.51 lakh from ₹95.36 lakh, and other expenditure was ₹92.45 lakh. Finance costs decreased to ₹1.19 lakh from ₹3.29 lakh in the prior year quarter.

Financial Performance

The decline in revenue coupled with higher operational costs led to a profit before tax deficit of ₹93.98 lakh. There were no exceptional items or deferred tax expenses recorded for the quarter. Earnings per share (basic and diluted) were negative at ₹(0.06).

For the full year ended March 31, 2026 (FY26), the company reported a net loss of ₹159.09 lakh on revenue of ₹2,694.20 lakh.

Board Meeting Outcomes

During its meeting held on August 14, 2026, the Board of Directors approved the unaudited financial results for Q1FY27 along with the limited review report from statutory auditors Chunduru & Co. The Audit Committee had recommended the financial results.

Key approvals included:

• Reappointment of Mr. Pemmasani Ravichandra (DIN: 00627413) as Managing Director for a term of three years.
• Approval of the Notice for the 43rd Annual General Meeting (AGM) and the Director’s report with annexures.

Management Continuity

Pemmasani Ravichandra’s reappointment ensures leadership continuity for the auto components manufacturer. He is the brother of Mr. Pemmasani Madhupratap, who serves as a Whole-Time Director. The 43rd AGM is scheduled for September 28, 2026, with provisions for member participation via video conferencing or other audio-visual means.

The disclosures were made pursuant to Regulation 30 read with Schedule III of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The financial results were prepared in accordance with Indian Accounting Standards (Ind AS) prescribed under Section 133 of the Companies Act, 2013.