Taneja Aerospace & Aviation Limited has scheduled its 37th Annual General Meeting for Tuesday, August 04, 2026, at 12:00 P.M. IST through Video Conferencing and Other Audio-Visual Means. The meeting will transact ordinary business, including the adoption of audited standalone and consolidated financial statements for the financial year ended March 31, 2026, and the re-appointment of Mr. Muralidhar Chitteti Reddy as a Non-Executive Director liable to retire by rotation.

Special Business and Director Re-appointment

The special business includes the re-appointment of Mr. Rakesh Duda as Managing Director for a period commencing from May 16, 2026, to June 30, 2027. Mr. Duda, who has attained the age of 72 years, holds a Bachelor of Technology (Electrical) degree from IIT (BHU) and possesses over four decades of experience in Strategy, Business Development, and General Management. His consolidated monthly remuneration has been fixed at ₹6,68,750, along with perquisites such as a company-maintained car, mobile phone, and gratuity. The Board recommends the resolution for approval as a Special Resolution.

E-Voting and Participation Details

National Securities Depository Limited (NSDL) has been appointed as the authorized agency for facilitating remote e-voting. The remote e-voting period runs from Friday, July 31, 2026, to Monday, August 3, 2026, at 05:00 PM. The cut-off date for determining eligible members is Wednesday, July 29, 2026. Members can join the virtual meeting 30 minutes before the scheduled time, with participation available on a 'first come first serve' basis for up to 1,000 members, excluding large shareholders and promoters.

Director Profiles

The company has disclosed the profiles of the directors seeking re-appointment. Mr. Rakesh Duda (DIN: 05234273) holds 500 equity shares and attended 4 board meetings during FY 2025-26. Mr. Muralidhar Chitteti Reddy (DIN: 01621083), aged 69 years, holds 200 equity shares and also attended 4 board meetings. He is a BE (Mechanical) and MBA (IIM Ahmedabad) with over 37 years of experience in industries including steel, cement, and defence electronics.

Taneja Aerospace & Aviation Limited's Board of Directors convened on May 12, 2026, and approved the audited standalone and consolidated financial results for the quarter and year ended March 31, 2026. Statutory auditors KKC & Associates LLP issued an unmodified audit opinion on both the standalone and consolidated annual financial results. The board meeting commenced at 12:30 P.M. and concluded at 03:20 P.M. on the same day.

Standalone Financial Performance

The company's standalone financial results for the quarter and full year ended March 31, 2026 reflect the following key metrics (INR in lakh):

Standalone total income for FY26 stood at INR 4,289.57 lakh, compared to INR 4,214.61 lakh in FY25. Total standalone expenses for FY26 were INR 2,022.35 lakh versus INR 1,871.44 lakh in the prior year. Paid-up equity share capital remained unchanged at INR 1,275.03 lakh, while reserves excluding revaluation reserves stood at INR 14,186.63 lakh as at March 31, 2026.

Standalone Balance Sheet Highlights

The standalone balance sheet as at March 31, 2026 reflects total assets of INR 17,479.47 lakh, up from INR 15,933.32 lakh as at March 31, 2025. Cash and cash equivalents stood at INR 1,579.00 lakh as at March 31, 2026, compared to INR 484.50 lakh as at March 31, 2025. Net cash flows generated from standalone operating activities for FY26 were INR 2,255.71 lakh, against INR 2,525.47 lakh in FY25.

Consolidated Financial Performance

The consolidated financial results include subsidiary Karta Auto Engineering Private Limited and closely mirror the standalone figures. The following table summarises key consolidated metrics (INR in lakh):

Consolidated total assets as at March 31, 2026 were INR 17,476.63 lakh, up from INR 15,930.52 lakh as at March 31, 2025. Consolidated reserves excluding revaluation reserves stood at INR 14,183.73 lakh as at March 31, 2026, compared to INR 12,958.66 lakh as at March 31, 2025. Net cash flows generated from consolidated operating activities for FY26 were INR 2,255.67 lakh, against INR 2,525.39 lakh in FY25.

Exceptional Item: New Labour Codes

The company recognised an exceptional item of INR 16.25 lakh during FY26, arising from the implementation of the New Labour Codes effective November 21, 2025. The Government of India consolidated multiple existing labour legislations into four Labour Codes, which under Ind AS 19 constituted a plan amendment requiring immediate recognition of past service cost. The New Labour Codes resulted in an estimated one-time increase in provision for employee benefits of INR 16.25 lakh, recognised as an exceptional item in the current financial year. The company continues to monitor the finalisation of Central/State Rules and clarifications from the Government on other aspects of the Labour Code.

Board Decisions: Management Appointment and Dividend

The board approved the re-appointment of Mr. Rakesh Duda as Managing Director for a further period of one year, with effect from May 16, 2026 to June 30, 2027, subject to shareholder approval. Mr. Duda, aged 72 years and a B.Tech (Electrical) from IIT (BHU), has over four decades of experience in Strategy, Business Development, People Development and Management, Corporate Relationships, Corporate Communication and General Management. He has been appointed as one of the Key Managerial Personnel of the company effective May 16, 2026, and has been authorised to determine the materiality of events or information for disclosure purposes under Regulation 30(5) of the Listing Regulations. Additionally, an interim dividend of INR 2.5/- per fully paid equity share, declared at the board meeting held on February 13, 2026, was paid during the quarter ended March 31, 2026.