Smiths & Founders (India) Limited has approved a proposal to explore and undertake a merger with SKF Elixer India Private Limited. The Board of Directors met on June 10, 2026, at the registered office to consider the strategic combination, which aims to consolidate operations through a Scheme of Merger. The decision is subject to the completion of due diligence, valuation, and finalization of the merger scheme.

The transaction requires multiple statutory approvals before implementation. Smiths & Founders must secure consent from its shareholders and creditors, as well as clearances from stock exchanges and relevant regulatory authorities. The final approval will need to be obtained from the Hon'ble National Company Law Tribunal (NCLT).

To facilitate the merger process, the Board authorized the appointment of various professional intermediaries. This includes engaging legal advisors, valuers, merchant bankers, chartered accountants, and other consultants deemed necessary for the transaction. The Managing Director has been delegated the authority to finalize the terms of engagement for these professionals and undertake all consequential actions.

The meeting, held under Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, commenced at 02:30 pm and concluded at 03:00 pm. Roopashree B Shettigar, Company Secretary & Compliance Officer, confirmed the outcome in the regulatory filing.

Smiths & Founders (India) Limited reported a 30.2% increase in net profit to ₹136.30 lakh for the fiscal year ended March 31, 2026, driven by higher revenue and reduced finance costs. Revenue from operations rose to ₹1398.01 lakh from ₹1321.55 lakh in the previous year, while total income reached ₹1402.57 lakh. The company submitted its revised audited standalone financial results to BSE Limited on May 30, 2026, pursuant to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance for FY26

The company recorded a profit before tax of ₹184.54 lakh, which included an exceptional item of ₹92.62 lakh related to a superannuation provision write-back. Excluding this item, profit before exceptional items was ₹91.92 lakh. Total expenses for the year increased to ₹1310.64 lakh from ₹1187.46 lakh in the prior year. The cost of materials consumed was ₹635.92 lakh, and employee benefits expense rose to ₹384.58 lakh. Finance costs decreased significantly to ₹1.83 lakh from ₹12.88 lakh in FY25.

Quarterly Results for Q4 FY26

For the quarter ended March 31, 2026, net profit surged to ₹62.38 lakh from ₹37.25 lakh in the corresponding quarter of the previous year. Total income for the quarter was ₹356.19 lakh, driven by net sales from operations of ₹353.61 lakh. The profit before tax for Q4 stood at ₹85.30 lakh, inclusive of the exceptional item. Without this item, the company would have reported a loss before tax of ₹7.32 lakh for the quarter.

Operational Metrics

Earnings per share (EPS) for the year improved to ₹0.14 from ₹0.10 in the previous year. Basic and diluted EPS for Q4 FY26 were reported at ₹0.07, compared to ₹0.037 in Q4 FY25. Other comprehensive income for the year was ₹5.11 lakh. The statutory auditors, SNR & Company, issued an unmodified opinion on the annual audited financial results.