Smiths & founders (India) Limited has submitted its quarterly compliance certificate under SEBI Regulation 74(5) for the quarter ended 31st March, 2026. The certificate was filed with BSE Limited on 9th April, 2026, demonstrating the company's adherence to regulatory requirements for depositories and participants.

Regulatory Compliance Details

The certificate was issued under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018, covering the company's dematerialization activities during Q4FY26. Company Secretary Roopashree Shettigar signed and submitted the documentation to BSE Limited's Department of Corporate Relations.

RTA Confirmation Certificate

Integrated Registry Management Services Private Limited, serving as the company's Registrar and Share Transfer Agent, issued the confirmation certificate on 6th April, 2026. The RTA confirmed that all securities received from depository participants for dematerialization during Q4FY26 were properly processed and confirmed to the depositories.

Dematerialization Process Compliance

The RTA's certificate confirms several key compliance aspects:

• Securities received for dematerialization were confirmed (accepted/rejected) to depositories
• Securities comprised in certificates have been listed on stock exchanges where earlier issued securities are listed
• Certificates received for dematerialization were mutilated and cancelled after due verification
• Depository names were substituted in the register of members as registered owners within 15 days

Documentation and Signatures

The submission includes digitally signed documents from both the company and its RTA. Company Secretary Roopashree Shettigar digitally signed the submission on 9th April, 2026, while S Giridhar, General Manager at Integrated Registry Management Services Private Limited, signed the RTA certificate on 6th April, 2026.

This quarterly filing demonstrates Smiths & Founders (India) Limited's ongoing compliance with SEBI regulations governing depositories and participants, ensuring proper handling of dematerialization processes and maintaining transparency with regulatory authorities.

Smiths & Founders (India) Limited announced its unaudited financial results for the third quarter of fiscal year 2026, ended December 31, 2025. The company reported mixed performance with revenue growth but a significant decline in profitability compared to the same period last year.

Financial Performance Overview

The company's financial performance for Q3FY26 showed contrasting trends in revenue and profitability:

Nine-Month Performance Analysis

For the nine-month period ended December 31, 2025, the company's performance reflected similar trends:

Cost Structure and Expenses

The company's expense analysis reveals key factors impacting profitability. Total expenses for Q3FY26 increased to ₹307.45 lakhs from ₹286.71 lakhs in Q3FY25, representing a 7.2% increase. Major expense components included:

• Cost of materials consumed: ₹159.08 lakhs (Q3FY26) vs ₹142.18 lakhs (Q3FY25)
• Employee benefits expense: ₹83.12 lakhs vs ₹72.08 lakhs
• Other expenses: ₹63.82 lakhs vs ₹58.52 lakhs
• Depreciation and amortisation: ₹6.72 lakhs vs ₹6.36 lakhs

Notably, finance costs decreased significantly to ₹0.09 lakhs from ₹2.83 lakhs in the previous year quarter.

Tax Position and Capital Structure

The company reported current tax expenses of ₹8.62 lakhs for Q3FY26, while no current tax was paid in Q3FY25. A deferred tax benefit of ₹0.49 lakhs was recorded during the quarter. The paid-up equity share capital remained stable at ₹1,019.97 lakhs with a face value of ₹1 per share.

Board Approval and Compliance

The unaudited financial results were reviewed by the Audit Committee and approved by the Board of Directors at their meeting held on January 30, 2026. The meeting commenced at 11:00 AM and concluded at 11:30 AM. The results have been prepared in accordance with Indian Accounting Standard 34 and comply with SEBI Listing Obligations and Disclosure Requirements Regulations, 2015.

The company's auditors, SNR & Company, Chartered Accountants, conducted a limited review of the financial results and issued an unqualified review report dated January 30, 2026.