Aztec Fluids & Machinery Limited has released its investor presentation for H1 FY26, showcasing resilient financial performance and strategic initiatives aimed at technological sovereignty. The company reported consolidated revenue of ₹48.92 crore for the half year ended September 30, 2025, with robust EBITDA margins of 15.2%.

Financial Performance Highlights

The company demonstrated strong operational metrics across key financial parameters during H1 FY26:

When compared to H2 FY25, the company showed significant improvement with EBITDA growing 45.35% from ₹5.39 crore to ₹7.53 crore, and EBITDA margins expanding by 257 basis points from 12.18% to 15.20%.

Strategic Technological Sovereignty Initiative

Managing Director Pulin Vaidhya outlined the company's next phase of growth defined by 'Technological Sovereignty', involving significant planned CAPEX to establish India's first in-house manufacturing facility for critical components. This backward integration strategy aims to transition from import-sell to manufacture-sell model, potentially delivering 20-30% lower Total Cost of Ownership (TCO) while reducing dependence on external supply chains.

The company has entered into a strategic R&D partnership with a Global Technology Major and is positioning itself for large-scale institutional digitization initiatives, marking a pivot from distributor to technology partner.

Product Portfolio and Revenue Distribution

The company's diversified product portfolio showed balanced growth across segments in H1 FY26:

Market Expansion and Client Wins

The presentation highlighted penetration into Tier-1 verticals with marquee client wins including a Global Beverage Giant, Leading Infrastructure Major, and Strategic African Partner for exports. The company maintains export revenue at 9.23% of total revenue in H1 FY26, demonstrating international market presence.

Aztec Fluids has submitted its first tender to a State-Level Government Body for digitizing critical national supply chain networks, positioning itself for high-volume B2G contracts. The company reported a robust order book as of November 13, 2025, providing clear revenue visibility for H2 FY26.

Jet Inks Acquisition Synergies

The 100% acquisition of Jet Inks is expected to deliver multiple synergies including immediate revenue accretion, strengthened IP and regulatory edge with BIS-compliant legacy, market reach expansion into underserved price-sensitive markets, and improved gross margins from economies of scale in consumables. The acquisition enables cross-selling opportunities and bundled offerings driving higher deal sizes.

Growth Outlook and Targets

Management expressed confidence in achieving double-digit revenue growth targets over the next three years, supported by the company's transition from trading/distribution model to manufacturing/IP-owner model. The company projects EBITDA margin expansion from current levels to 13-15% over three years, driven by higher consumable usage and backward integration benefits.

The presentation emphasized the company's focus on maintaining high customer retention rates and leveraging its position as exclusive distributor for Lead Tech (Zhuhai) Electronic Co. Ltd. in several countries to enhance global reach.

Source: Aztec Fluids & Machinery Limited Investor Presentation

Aztec Fluids & Machinery Limited has successfully secured shareholder approval for its Employee Stock Option Plan 2025 (ESOP 2025) through postal ballot voting. The company announced the voting results on December 30, 2025, in compliance with Regulation 44 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Postal Ballot Results and Regulatory Compliance

The remote e-voting process, conducted through Bigshare Services Private Limited, concluded successfully with both resolutions receiving requisite majority approval. The company submitted detailed voting results to BSE Limited, confirming full regulatory compliance.

Approved Special Resolutions

Shareholders approved two special resolutions related to the ESOP 2025 through the postal ballot notice dated November 21, 2025:

ESOP 2025 Framework

The approved Employee Stock Option Plan includes comprehensive features designed to align employee interests with company growth:

Implementation and Documentation

The company has maintained full regulatory compliance throughout the process, with Managing Director Pulin Vaidhya (DIN: 03012651) signing the official communication to BSE Limited. The voting results and scrutinizer's report are being made available on the company's website at www.aztecindia.org and the e-voting platform at www.bigshareonline.com .

With shareholder approval secured, Aztec Fluids & Machinery can now proceed with implementing the ESOP 2025, marking a significant milestone in its employee engagement strategy and long-term growth initiatives. The plan extends benefits to subsidiary company employees, broadening the organizational impact of this employee empowerment initiative.