Swaraj Engines passes all resolutions at 40th AGM

Swaraj Engines Limited announced that all five resolutions proposed at its 40th Annual General Meeting (AGM) held on July 20, 2026, were approved with a requisite majority. The meeting, conducted via video conferencing, saw the adoption of audited financial statements for the financial year ended March 31, 2026, and the declaration of a dividend on equity shares. Shareholders also approved the re-appointment of two directors and the ratification of remuneration for cost auditors.

Remote e-voting was facilitated through National Securities Depository Limited from July 16 to July 19, 2026, with voting rights reckoned as on July 13, 2026. Ajay K. Arora, Practicing Company Secretary, served as the Scrutinizer for the e-voting process. The detailed voting results and the Scrutinizer's Consolidated Report dated July 21, 2026, have been submitted to the exchanges.

Voting Summary

The resolutions received strong support from shareholders, with the promoter group voting entirely in favour of all proposals. Public institutional and non-institutional shareholders also supported the resolutions, with minor opposition recorded against the re-appointment of directors.

Resolution	Votes For	Votes Against	% For	% Against
Financial Statements FY26	7,492,139	36	99.9995%	0.0005%
Dividend Declaration	7,492,918	36	99.9995%	0.0005%
Re-appointment of Mr. Puneet Renjhen	7,436,226	56,728	99.24%	0.76%
Re-appointment of Mr. Devjit Sarkar	7,474,121	18,813	99.75%	0.25%
Cost Auditor Ratification	7,493,135	49	99.9993%	0.0007%

Business Transacted

The AGM transacted five items of business, comprising four ordinary resolutions and one special resolution. The ordinary business included the adoption of financial statements, dividend declaration, and the re-appointment of Mr. Puneet Renjhen and Mr. Devjit Sarkar as Directors. The special business involved the ratification of remuneration payable to M/s SDM & Associates, Cost Accountants, for the financial year ending March 31, 2027.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+0.59%	+1.46%	-9.23%	+4.79%	-14.65%	+101.15%

Swaraj Engines reported its highest-ever quarterly profit before tax of ₹74.64 crore for the first quarter ended June 30, 2026. The company recorded a 21.5% year-on-year increase in net operating revenue to ₹588.39 crore, driven by robust engine demand and record sales volumes. Profit after tax rose 11.1% year-on-year to ₹55.53 crore.

Operational Performance

The company achieved its best-ever quarterly engine sales volume, which grew 15.8% to 56,803 units from 49,040 units in Q1FY26. This surge in volume contributed to the strong topline performance. Cumulative sales volume since inception crossed the 2 million mark during this quarter.

Financial Metrics

Operating profit, or EBITDA, increased 14.4% to ₹76.76 crore from ₹67.10 crore in the same quarter of the previous year. The following table summarises the financial performance for Q1FY27 versus Q1FY26:

Particulars	Q1FY27 (₹ Crores)	Q1FY26 (₹ Crores)	Change
Net Operating Revenue	588.39	484.10	+21.5%
Operating Profit (EBITDA)	76.76	67.10	+14.4%
Profit Before Tax	74.64	67.17	Higher
Profit After Tax	55.53	49.97	+11.1%

Regulatory Disclosures

The Board of Directors approved the unaudited financial results on July 20, 2026. The results were reviewed by the Audit Committee and subsequently subjected to a limited review by the statutory auditors, B. K. Khare & Co., in compliance with Regulation 33 of the SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015. The earnings per share (basic) for the quarter stood at ₹45.70.