Singer India Limited has appointed M/s SKG & Co., Cost and Management Accountants, as its Cost Auditor for the financial year 2026-27. The appointment was approved by the Board of Directors on September 24, 2026, based on the recommendation of the Audit Committee.

The decision was formalized through a resolution passed by circulation on the same date. This appointment complies with Section 148 of the Companies Act, 2013, read with Rule 13 of the Companies (Accounts) Rules, 2014, which mandates cost audits for specified companies.

Appointment details

M/s SKG & Co. holds Firm Registration No. 000418 and will conduct the cost audit for Singer India’s operations during FY27. The firm brings a multidisciplinary team comprising Cost and Management Accountants, Chartered Accountants, and MBA graduates.

The firm offers services in cost audit, maintenance of cost records, cost accounting systems, compliance certification, product costing, and internal audit. Its experience spans industries such as consumer electronics, automobiles, machinery, FMCG, textiles, sugar, chemicals, and metals.

Regulatory disclosure

The company informed BSE and NSE about the appointment under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The disclosure aligns with SEBI circular No. CIR/CFD/CMD/4/2015 dated September 9, 2015, and SEBI/HO/CFD/CFD-PoD 1/P/CIR/2023/123 dated July 13, 2023.

Rupinder Kaur, Company Secretary and Compliance Officer, signed the intimation digitally on September 24, 2026. The filing confirms that there are no disclosed relationships between the directors of Singer India and the appointed auditors.

Singer India Limited reported strong financial performance for the quarter ended June 30, 2026, with revenue rising 57% year-on-year to ₹144.5 crore. The company’s profit before tax (PBT) increased by 225% to ₹4 crore, and EBITDA grew by 330% to ₹5.5 crore. This growth was primarily driven by the sewing machine segment, which recorded a 74% revenue increase, while the appliances segment faced headwinds from rising commodity costs.

Financial Highlights

The management attributed the overall growth to sustained momentum in the sewing machine category, particularly in the trade and e-commerce channels. Despite challenges such as commodity price volatility and labor shortages, the company maintained its market share through innovative product launches and improved dealer engagement.

Segment Performance

Sewing Machines: The sewing machine segment delivered robust growth of 74% in Q1. Key drivers included:

• Trade channel growth exceeding 25%.
• Zigzag machines, representing the future of household sewing, grew by more than 20%.
• E-commerce sales rose by over 55%.

Singer India also began manufacturing Zigzag machines domestically at its Jammu factory, marking a significant step in its 'Make in India' initiative. This local production aims to reduce dependence on imports and improve supply chain resilience.

Appliances: The appliances segment saw revenue growth of approximately 15%, driven by expansion in trade, e-commerce, and the fan business. However, the segment’s result was lower by ₹74 lakh compared to Q1FY26. Management cited the impact of Extended Producer Responsibility (EPR) costs, estimated at ₹1.2 crore for the quarter, and investments in organizational strengthening as key factors.

Operational Updates

• New Factory: Construction of a new facility in Bhiwadi, Rajasthan, is progressing well. Pilot production is planned for the second half of FY27, initially focusing on Zigzag machines with an initial capacity of 10,000+ units per month.
• BIS Compliance: The revised BIS standard IS 15449 for sewing machines came into effect on August 12, 2026. Singer India confirmed it is fully compliant and is the only manufacturer in India producing machines under the new standards.
• Kendriya Bhandar Order: The company aims to complete its pending order worth ₹202 crore by the end of the quarter. A built-in clause allows for a 25% volume expansion if beneficiary enrollment increases.

Cash Flow & Balance Sheet

Operating cash flow before working capital changes stood at ₹4.35 crore. Significant cash deployment of ₹32 crore was directed toward inventory buildup, including:

• ₹14.3 crore in advances for Zigzag machine imports from Singer Sourcing LLC.
• ₹4 crore in advances for industrial sewing machine imports.
• Strategic inventory accumulation for the Pradhan Mantri Vishwakarma Yojana (PMY) order completion.

The closing cash and bank balance, including liquid investments, remained at approximately ₹58 crore. Management emphasized a cautious approach to capital allocation, prioritizing organic growth and asset-light manufacturing expansion before considering inorganic opportunities.

What the Numbers Show

The divergence between the top-line growth and the appliances segment’s profitability highlights the transitional phase Singer India is undergoing. While the core sewing machine business drives substantial revenue and margin expansion, the appliances segment remains a drag on overall profitability due to regulatory costs (EPR) and strategic investments. The heavy cash outflow toward inventory imports, despite domestic manufacturing ramp-up, suggests a deliberate strategy to de-risk supply chain disruptions during the transition period, ensuring continuity of supply as domestic capacity scales up.