Sundaram Brake Linings reported a 50.4% decline in net profit to ₹256.71 lakh for the financial year ended March 31, 2026, compared to ₹517.28 lakh in the previous year. Revenue from operations decreased to ₹34,465.22 lakh from ₹35,221.30 lakh in FY25, primarily impacted by a 17% drop in export sales. The Board has recommended a final dividend of ₹0.65 per share for the year.

Financial Performance

The company’s profit before tax stood at ₹336.01 lakh, a significant decrease from ₹614.10 lakh in the prior year. Total income for the period was ₹34,902.81 lakh, down from ₹35,502.70 lakh. Earnings per share (EPS) for the year was reported at ₹6.52, compared to ₹13.15 in FY25.

Operational Highlights

Net sales during the year were ₹34,228 lakh, nearly unchanged from the previous year's ₹34,916.23 crore. While domestic turnover increased by 9%, the export segment recorded a decline of 17%. The company attributed the export decline to significant drops in North American markets due to tariffs, which were later reversed by a Supreme Court ruling. The net foreign exchange earnings for the year were ₹12,152.03 lakh.

Dividend and Corporate Actions

The Board of Directors has recommended a final dividend of ₹0.65 (6.5%) per equity share of ₹10 each fully paid-up for the financial year ended March 31, 2026. The dividend is subject to shareholder approval at the upcoming 52nd Annual General Meeting. The record date for determining dividend eligibility is July 17, 2026.

The company has scheduled its 52nd Annual General Meeting for July 24, 2026, via Video Conferencing. The register of members and share transfer register will remain closed from July 18, 2026, to July 24, 2026.

Sundaram Brake Linings Ltd has fixed Friday, July 17, 2026, as the record date to determine shareholder eligibility for a dividend of ₹0.65 per equity share, subject to approval at the upcoming Annual General Meeting. The Board of Directors recommended this dividend, which equates to 6.5% on the face value of ₹10 per share, at its meeting held on May 25, 2026. The payment will be made to eligible shareholders on or after Wednesday, July 29, 2026, pending approval by the members.

The 52nd Annual General Meeting of the company is scheduled to be held on Friday, July 24, 2026, through Video Conferencing and other Audio-Visual Means. The record date has been fixed in accordance with Regulation 42 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Shareholders holding shares in dematerialized form will be entitled to the dividend based on the data provided by the National Securities Depository Limited and the Central Depository Services (India) Limited as of the close of business hours on July 17, 2026. For those holding shares in physical form, the entitlement will be determined after giving effect to valid transmission or transposition requests lodged with the company by the same deadline.

The dividend recommendation covers the financial year ended March 31, 2026. The final payout is contingent upon the approval of the members at the AGM. The company stated that the dividend will be paid subject to the deduction of tax at source.

Key Corporate Event Details

The dividend of ₹0.65 per share represents a 6.5% yield on the face value of the equity shares. The company has communicated that the record date closure applies strictly to the end of business hours on the specified date.