Belrise Industries Limited , a key player in the automotive components sector, has announced plans to expand its footprint in the defence, space, and aerospace industries. The company's Board of Directors approved the incorporation of a wholly-owned subsidiary in India on August 11, marking a strategic move into high-tech engineering sectors.

New Subsidiary Details

The proposed subsidiary will focus on engineering and technologies involving mechanical, optical, electrical, electronic, software, and other related technologies for the defence, space, aerospace, and allied industries. With an authorized and paid-up share capital of Rs. 15.00 lakh, divided into 1.5 lakh equity shares of Rs. 10 each, Belrise Industries will hold 100% shareholding through cash consideration.

Strategic Alignment

This new venture aligns closely with Belrise Industries' main line of business, potentially opening up new avenues for growth and diversification. The incorporation is subject to approval from the Ministry of Corporate Affairs and other relevant regulatory authorities.

Financial Performance

In its recent financial results for the quarter ended June 30, Belrise Industries demonstrated strong performance:

The company's consolidated revenue from operations reached Rs. 22,622.08 million for the quarter.

Recent Corporate Actions

Belrise Industries has been active in corporate developments:

1. IPO Success: The company recently completed its Initial Public Offering (IPO), raising Rs. 21,500.00 million through the issue of 23,88,88,888 fresh equity shares. The shares were listed on both the National Stock Exchange of India Limited (NSE) and BSE Limited (BSE) on May 28.

2. Subsidiary Acquisition: The company acquired H-One India Private Limited, making it a wholly-owned subsidiary as of June 30.

3. Board Decisions: In its recent board meeting, Belrise Industries approved several key decisions, including:

   • Appointment of secretarial and cost auditors
   • Re-appointment of Mrs. Supriya Shrikant Badve as a Whole Time Director for five years
   • Revision of sitting fees for Non-Executive and Independent Directors
   • Approval for related party transactions

4. Annual General Meeting: The company's 29th Annual General Meeting is scheduled for September 23, in Aurangabad, Maharashtra.

These developments showcase Belrise Industries' commitment to growth, diversification, and corporate governance. The move into the defence and aerospace sector through a new subsidiary could potentially open up new revenue streams and technological capabilities for the company.

Belrise Industries Limited, a prominent player in the automotive components sector, has reported robust financial results for the first quarter, demonstrating strong growth across key metrics.

Financial Highlights

The company's consolidated revenue witnessed a significant uptick of 27%, reaching Rs. 22,622.08 crore in Q1. This growth was accompanied by an impressive 56.1% surge in net profit, which stood at Rs. 1,116.80 crore for the quarter.

On a standalone basis, Belrise Industries showcased equally strong performance:

The company's earnings per share (EPS) on a consolidated basis improved to Rs. 1.50, up from Rs. 1.00 in the corresponding quarter of the previous year.

Corporate Developments

In a series of strategic moves, Belrise Industries' Board of Directors approved several key decisions:

1. New Subsidiary: The company will incorporate a new wholly-owned subsidiary in India, expanding its operational footprint.

2. Secretarial Auditor Appointment: M/s Makarand Lele & Co. has been appointed as the Secretarial Auditor for a 5-year term, subject to shareholder approval.

3. Director Reappointment: Mrs. Supriya Shrikant Badve has been re-appointed as Whole Time Director for a period of 5 years.

4. Related Party Transactions: The Board approved material related party transactions with Badve Autocomps Private Limited.

Dividend and AGM

Belrise Industries has set August 22, 2025, as the record date for dividend payment. The company's 29th Annual General Meeting is scheduled for September 23, 2025.

Additional Corporate Actions

The Board meeting, which lasted from 7:10 PM to 8:00 PM IST on August 11, 2025, also saw the approval of several other items:

• Appointment of M/s Rajput and Associates as Cost Auditor for FY2025-26.
• Approval of remuneration for related parties Mr. Sumedh Shrikant Badve and Mr. Swastid Shrikant Badve, subject to shareholder approval.
• Revision in sitting fees for Non-Executive and Independent Directors.

Subsidiary Performance

The company's financial results include the performance of its wholly-owned subsidiaries:

1. Badve Engineering Trading FZE in the United Arab Emirates
2. H One India Private Limited in India

Notably, the foreign subsidiary contributed Rs. 4,299.44 million to the total revenues and Rs. 63.95 million to the net profit for the quarter.

Belrise Industries' strong Q1 performance and strategic decisions underscore its robust position in the automotive components sector and its focus on sustainable growth.