Universal Autofoundry Limited's board has approved the notice for its 17th Annual General Meeting (AGM), scheduled to be held on July 27, 2026, via video conferencing. The meeting, held on June 30, 2026, also approved the re-appointment of Mr. Vikram Jain as Whole Time Director, subject to shareholder approval. The board approved the Board's Report for the financial year ended March 31, 2026, along with the Management Discussion and Analysis Report and the Report on Corporate Governance.

AGM Schedule and Voting

The board established the cut-off date as July 20, 2026, to determine shareholder eligibility. The e-voting period will commence on July 24, 2026, at 09:00 a.m. IST and conclude on July 26, 2026, at 5:00 p.m. IST. The company's books will remain closed from July 21, 2026, to July 27, 2026, for the purpose of the AGM. NSDL has been appointed as the agency to assist with conducting the e-voting facility, while M/s Arms & Associates LLP will act as the scrutinizer.

Audit Reports and Governance

The board approved the Secretarial Audit Report (Form MR-3) received from M/s Arm & Associates LLP for FY26. Additionally, the Cost Audit Report for FY26, received from M/s Girdhar Choudhary & Co and recommended by the Audit Committee, was approved. The trading window for directors and designated persons will open 48 hours after the declaration of financial results for the quarter ended June 30, 2026.

Universal Autofoundry Limited reported a net loss of ₹33.39 crore for the financial year ended March 31, 2026, compared to a net profit of ₹2.35 crore in the previous year. Revenue from operations for the year rose 9% to ₹210.10 crore from ₹193.39 crore in FY25. The company revised its financial results following an inadvertent totaling and formula error detected during post-submission verification, impacting total other comprehensive income and EPS figures. The audited standalone financial results were published in newspapers on May 28, 2026, pursuant to Regulation 47 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Financial Performance

The company narrowed its net loss for the quarter ended March 31, 2026, to ₹15.50 lakh, compared to a loss of ₹31 lakh in the preceding quarter and a profit of ₹24 lakh in the corresponding quarter of the previous year. Total income for Q4FY26 stood at ₹61.62 crore. For the full year, total income increased to ₹213.50 crore from ₹193.89 crore in the prior year. Basic earnings per share (EPS) for FY26 was reported at (₹2.69), compared to ₹1.89 in FY25. The diluted EPS for FY26 was (₹2.78).

Operational Highlights

Revenue momentum improved in Q4, led by better demand recovery after Q3 softness, with growth supported by continued traction in the core tractor and M&HCV segments. EBITDA recovered to ₹3.2 crore in Q4 from ₹0.6 crore in Q3, though margins remained below normalized potential due to raw material cost pressure. Exports showed strong traction, rising to ₹12.90 crore in FY26 from ₹10.30 crore in FY25. The company commissioned a 5MW solar power plant in FY26 to support margin improvement and expects to commission an additional 6.5MW solar power project in Churu in H1FY27.

Board Decisions

The Board approved the re-appointment of M/s Goverdhan Agarwal & Co., Chartered Accountants, as Statutory Auditors for a second term of five years, subject to shareholder approval. Additionally, M/s Shah Patni & Co. were re-appointed as Internal Auditors for one year, and M/s Girdhar Chaudhary & Co. were re-appointed as Cost Auditors for FY26-27. The Board also approved increasing the borrowing limit and the limit under Section 180(1)(a) of the Companies Act, 2013 from ₹100 crore to ₹150 crore, subject to shareholder approval.

Auditor's Report

The statutory auditors issued an unmodified opinion on the audited financial results for the financial year ended March 31, 2026. The declaration to this effect was signed by Vimal Chand Jain, Chairman and Managing Director. The trading window, which was closed in compliance with SEBI regulations, will open 48 hours after the declaration of the financial results.

Key Financial Metrics