Solitaire Machine Tools Ltd has closed its trading window for all directors, promoters, and designated persons effective July 1, 2026. The restriction remains in force until 48 hours after the declaration of the unaudited financial results for the quarter ending June 30, 2026. This measure is in accordance with the company's Code of Conduct for Regulating, Monitoring and Reporting of Trading by Designated Persons and their immediate relatives and Insiders, framed pursuant to Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015.

The closure applies to individuals having a contractual or fiduciary relationship with the company. The specific date for the board meeting to consider and approve the audited financial results for the quarter and year ending June 30, 2026 will be intimated in due course.

Key Dates

Solitaire Machine Tools Limited reported a 43% decline in net profit to ₹1.35 crore for the financial year ended March 31, 2026, down from ₹2.35 crore in the previous year. Sales fell by 15% to ₹19.06 crore, compared to ₹22.50 crore in FY25, attributed to US trade tariff issues affecting domestic customers' expansion plans during the first two quarters. The company’s Board of Directors has recommended a dividend of ₹1.50 per share, subject to shareholder approval at the upcoming Annual General Meeting (AGM).

Financial Performance

The company’s total income for the year stood at ₹19.16 crore, a decrease from ₹23.16 crore in the prior year. Despite the decline in sales, the company remained profitable, with profit before tax standing at ₹1.92 crore. Other income dropped significantly to ₹9.00 lakh from ₹65.60 lakh in the previous year. The company did not take any additional term loans during the year and repaid term loans amounting to ₹141.81 lakh.

Operational Updates

The company completed work on its Halol plant, with all assets capitalized in January 2026, and depreciation has commenced. It procured additional assets worth approximately ₹16.50 lakh and invested ₹1.44 crore in fixed deposits, mutual funds, and bank balances for future needs. The management noted that the year 2026-27 has started with substantial improvement, with pending orders equivalent to about five months of production. The company also delivered its first grinder for a medical implements customer and secured a remanufacturing order from an overseas client.

Annual General Meeting

The 34th AGM is scheduled for June 27, 2026, at 11:00 a.m. via video conferencing. Shareholders will vote on the re-appointment of Mr. Ashok J. Sheth, who retires by rotation, and the approval of the recommended dividend. The cut-off date to determine eligibility for voting is June 20, 2026. The register of members will remain closed from June 21, 2026, to June 27, 2026. Remote e-voting will be available from June 24, 2026, to June 26, 2026.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE410A01013/97529341-dbf1-4684-8030-4ca3ac3e3de7.pdf