Wheels India Limited declared the voting results for its 67th Annual General Meeting (AGM) held on July 01, 2026, through video conferencing. The meeting saw the adoption of audited financial statements for the year ended March 31, 2026, and the approval of dividends for the financial year 2025-26. Shareholders also voted on the re-election of a director and the appointment of a new Non-Executive Non-Independent Director. The scrutinizer's report confirmed the passing of all six resolutions put to vote.

The voting process was overseen by Ramanathan Nachiappan of M/s. S Dhanapal & Associates LLP, Practising Company Secretaries. A total of 17,745,654 votes were polled, representing 72.63% of the outstanding shares. The resolutions included the adoption of the audited financial statements, declaration of final dividend, re-appointment of Mr. S Viji as Director, ratification of the Cost Auditor's remuneration, adoption of a new set of Articles of Association, and the appointment of Mr. Harsha Viji as a Non-Executive Non-Independent Director.

Voting Summary

The resolutions received overwhelming support from shareholders, though some attracted minor opposition from public institutions and non-institutional shareholders. The resolution to adopt the new Articles of Association saw the highest dissent, with approximately 0.82% of votes cast against it.

Key Approvals

Shareholders approved the re-election of Mr. S Viji (DIN: 00139043), who was retiring by rotation, via a special resolution. The company also secured approval for the appointment of Mr. Harsha Viji (DIN: 00602484) as a Non-Executive Non-Independent Director. Additionally, the remuneration payable to the Cost Auditor for the financial year ending March 31, 2027, was ratified. The meeting concluded with the adoption of a new set of Articles of Association to ensure conformity with the Companies Act, 2013.

Wheels India Limited has scheduled its 67th Annual General Meeting (AGM) for Wednesday, July 1, 2026, at 10:00 A.M. IST via video conference (VC/OAVM). The meeting will be conducted without a physical venue in compliance with Ministry of Corporate Affairs circulars and the Companies Act, 2013. The company reported a strong financial performance for the year ended March 31, 2026, with total gross revenue rising 15.8% to ₹5,124.40 crore, driven by a favourable product mix and effective cost management. Shareholders registered as of June 24, 2026, will be entitled to vote.

Key AGM Dates and Procedural Details

The notice and annual report for FY 2025-26 are being sent exclusively through electronic mode. The following table outlines the critical dates and procedural details for the AGM:

M/s. S Dhanaipal and Associates LLP has been appointed as the scrutinizer for the e-voting process. Grievances related to e-voting may be addressed to Central Depository Services (India) Limited (CDSL).

FY26 Financial Performance

Wheels India delivered a robust financial performance for the year ended March 31, 2026. Standalone revenue from operations stood at ₹5,070.27 crores, compared to ₹4,393.18 crores in the previous year. Total gross revenue reached ₹5,124.40 crores against ₹4,424.86 crores in FY25. The following table summarises the standalone and consolidated financial highlights:

Standalone EBITDA grew by 20% to ₹403.74 crores. Net profit grew by 30.9% to ₹138.56 crores on a standalone basis. The consolidated profit after tax for FY 2025-26 was ₹158.05 crores, and the consolidated net worth as at March 31, 2026 was ₹1,041.46 crores.

Segment Performance and Business Highlights

Consolidated segment-wise revenues and EBIT for FY 2025-26 are presented below:

The company saw 20% export growth despite headwinds from US tariffs. Renewable energy usage increased from 58% to 66% in FY26. The company entered into a strategic alliance with SHPAC of Korea for its hydraulic cylinder business and a Technical Assistance Agreement with Topy of Japan for cast aluminium wheels. Subsidiary WIL Car Wheels Limited achieved a turnover of ₹528.14 crores and profit after tax of ₹11.69 crores for FY26. Associate company Axles India Limited reported a turnover of ₹887.85 crores and profit after tax of ₹73.24 crores for FY 2025-26.

Dividend and Key Financial Ratios

The Board declared an interim dividend of ₹5.30 per equity share for FY 2025-26, paid on February 18, 2026. The Board has further recommended a final dividend of ₹9.14 per equity share (91.4%) for the year ended March 31, 2026, subject to shareholder approval at the 67th AGM. The total dividend per share for FY26 stands at ₹14.44. Key financial ratios for the year are summarised below:

Dividend income is taxable in the hands of shareholders, and tax deducted at source (TDS) will be applicable as per the Income Tax Act. Shareholders holding physical shares are encouraged to register their email addresses and complete KYC details with the company's Registrar and Share Transfer Agent, M/s. Cameo Corporate Services Limited, to ensure timely dividend payment.